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MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  The Saudi British Bank    1060   SA0007879089

THE SAUDI BRITISH BANK

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Natwest, Santander to sell more shares in Saudi British Bank - document

11/30/2020 | 09:47am EST
FILE PHOTO: The logo of Santander bank is seen at a branch in Mexico City

DUBAI (Reuters) - Natwest Markets and Banco Santander plan to sell a combined 5.6% of shares in Saudi British Bank representing about $680 million worth of shares, a term sheet reviewed by Reuters showed.

HSBC Holdings and Olayan Saudi Investment Co, current shareholders in Saudi British Bank, have indicated their intention to purchase part of the shares being placed, the term sheet said.

HSBC is looking to buy 36.986 million shares and Olayan 42.37 million shares out of the 116 million shares being placed in the share offering, the term sheet showed.

HSBC currently owns a 29.2% stake in Saudi British Bank and the Olayan family, a leading Saudi business group, has around 18.3% stake, based on Refinitiv data.

In 2018, Saudi British Bank and smaller rival Alawwal Bank agreed to merge to create the country's third-biggest lender.

The term sheet showed Citigroup and Goldman Sachs as joint bookrunners for the share sale.

The two banks in September had handled a 1.5% stake sale by Natwest and Banco Santander in September.

HSBC, Citi, Goldman Sachs and Olayan were not immediately available for comment. Santander and Natwest could not immediately be reached for comment.

(Reporting by Saeed Azhar and Arno Schuetze, editing by Louise Heavens and Jane Merriman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANCO SANTANDER, S.A. -2.23% 2.581 Delayed Quote.1.69%
CITIGROUP INC. -0.87% 61.33 Delayed Quote.-0.54%
HSBC HOLDINGS PLC -1.51% 407.35 Delayed Quote.7.52%
THE GOLDMAN SACHS GROUP, INC. 0.01% 289.39 Delayed Quote.9.74%
THE SAUDI BRITISH BANK -0.74% 27 End-of-day quote.9.22%
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Financials
Sales 2020 9 001 M 2 400 M 2 400 M
Net income 2020 -4 102 M -1 094 M -1 094 M
Net Debt 2020 - - -
P/E ratio 2020 -27,6x
Yield 2020 0,33%
Capitalization 55 479 M 14 787 M 14 791 M
Capi. / Sales 2020 6,16x
Capi. / Sales 2021 6,04x
Nbr of Employees 4 537
Free-Float 43,4%
Chart THE SAUDI BRITISH BANK
Duration : Period :
The Saudi British Bank Technical Analysis Chart | 1060 | SA0007879089 | MarketScreener
Technical analysis trends THE SAUDI BRITISH BANK
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 26,76 SAR
Last Close Price 27,00 SAR
Spread / Highest target 25,2%
Spread / Average Target -0,88%
Spread / Lowest Target -16,7%
EPS Revisions
Managers and Directors
NameTitle
David Robert Dew Managing Director & Executive Director
Lubna Suliman Al-Olayan Chairman
Robin Jones Chief Operating Officer
Mathew Pearce Chief Financial Officer
Khalid bin Abdullah Abdul Al-Molhem Non-Executive Director
Sector and Competitors