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    1060   SA0007879089

THE SAUDI BRITISH BANK

(1060)
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HSBC Asia Holdings B.V. completed the acquisition of 2% stake in HSBC Saudi Arabia Limited from The Saudi British Bank.

10/01/2019 EDT

HSBC Asia Holdings B.V. signed a binding agreement to acquire 2% stake in HSBC Saudi Arabia Limited from The Saudi British Bank (SASE:1060) for SAR 36 million on April 18, 2019. Under the transaction, HSBC Asia will acquire 1 million shares in the share capital of HSBC Saudi Arabia. As a result of the transaction, the holding of HSBC Asia Holdings B.V. in HSBC Saudi Arabia will increase to 51% and The Saudi British Bank will hold 49% stake in HSBC Saudi Arabia. Completion of the Transaction is subject to certain agreed contractual conditions and shareholder and regulatory approvals, including the approval of the CMA. The Saudi British intends to use the proceeds from the sale to support its activities generally. The transaction is not expected to have a material effect on The Saudi British’s day to day operations. HSBC Asia Holdings B.V. completed the acquisition of 2% stake in HSBC Saudi Arabia Limited from The Saudi British Bank (SASE:1060) on October 1, 2019. All conditions related to the transaction have been satisfied.


ę S&P Capital IQ 2019
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Analyst Recommendations on THE SAUDI BRITISH BANK
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Financials
Sales 2021 7 982 M 2 128 M 2 128 M
Net income 2021 3 523 M 939 M 939 M
Net Debt 2021 - - -
P/E ratio 2021 20,2x
Yield 2021 3,02%
Capitalization 69 863 M 18 626 M 18 627 M
Capi. / Sales 2021 8,75x
Capi. / Sales 2022 8,08x
Nbr of Employees 4 156
Free-Float 42,4%
Chart THE SAUDI BRITISH BANK
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The Saudi British Bank Technical Analysis Chart | 1060 | SA0007879089 | MarketScreener
Technical analysis trends THE SAUDI BRITISH BANK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 34,00 SAR
Average target price 30,78 SAR
Spread / Average Target -9,46%
EPS Revisions
Managers and Directors
Anthony William Cripps Chief Executive Officer, MD & Director
Mathew Pearce Chief Financial Officer
Lubna Suliman Al-Olayan Chairman
Musaifer Al Osaimi Chief Information Officer
Ghada Al Jarbou Chief Operating Officer
Sector and Competitors