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    1060   SA0007879089

THE SAUDI BRITISH BANK

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HSBC increases stake in Saudi British Bank to 31% - statement

12/01/2020 | 09:14am EDT
FILE PHOTO: HSBC's building in Canary Wharf is seen behind a City of London sign outside Billingsgate Market in London

DUBAI (Reuters) - HSBC, through its subsidiary HSBC Holdings B.V., has purchased shares in Saudi British Bank which will increase its shareholding in the Saudi lender to 31% from 29.2%, the bank said on Tuesday.

It said the stake increase followed the participation in an accelerated book build process launched on Nov. 30 by NatWest Markets and Banco Santander.

(Reporting by Davide Barbuscia, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER, S.A. -1.38% 3.3135 Delayed Quote.32.39%
HSBC HOLDINGS PLC 0.33% 434.75 Delayed Quote.14.37%
THE SAUDI BRITISH BANK -0.15% 33.85 End-of-day quote.36.93%
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Analyst Recommendations on THE SAUDI BRITISH BANK
More recommendations
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 20,1x
Yield 2021 3,11%
Capitalization 69 658 M 18 571 M 18 572 M
Capi. / Sales 2021 8,73x
Capi. / Sales 2022 8,06x
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
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 33,85 SAR
Average target price 30,78 SAR
Spread / Average Target -9,06%
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