Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Saudi Arabia
  4. Saudi Arabian Stock Exchange
  5. The Saudi British Bank
  6. News
  7. Summary
    1060   SA0007879089

THE SAUDI BRITISH BANK

(1060)
  Report
End-of-day quote. End-of-day quote Saudi Arabian Stock Exchange - 11/28
29.7 SAR   -3.57%
11/05SABB Results presentation 3Q21
PU
11/05SABB Earnings Release 3Q21
PU
11/04Financial Statements for the period ended 30 September 2021
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saudi auto services firm raises $50 million to invest in Aramco IPO

12/04/2019 | 01:32am EST

Saudi Automotive Services Co said on Wednesday it is raising 190 million riyals ($50.67 million) in debt to invest in the initial public offering of state-owned oil giant Saudi Aramco.

Saudi Automotive Services said the loan proceeds will help diversify its investments by subscribing to Aramco's shares. SABB Bank provided the medium term financing, it said.

Saudi banks have been offering easy loans to retail investors to bid for shares in Aramco, the crown jewel of the Saudi economy and the world's most profitable company.

Aramco plans to sell up to 1.5% of its shares in an IPO that is expected to raise up to $25.6 billion. The offer is oversubscribed, with orders from institutional investors worth more than $50 billion so far.

Some financial institutions have offered loans at four times their usual limits and others have set no ceiling on the amount clients deemed creditworthy could borrow to raise funds for the IPO, sources previously told Reuters.

Institutional buyers - which typically include asset managers, insurers or pension funds - have until 1700 Saudi time on Dec. 4 to place orders.

At the end of last week, Saudi companies accounted for 54% of the institutional book, one of the banks running the IPO said.

(Reporting by Davide Barbuscia; editing by Jane Wardell)


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -11.41% 72.86 Delayed Quote.59.07%
S&P GSCI CRUDE OIL INDEX -8.82% 373.5064 Delayed Quote.40.46%
SAUDI ARABIAN OIL COMPANY -1.69% 35 End-of-day quote.0.00%
SAUDI AUTOMOTIVE SERVICES COMPANY -5.69% 29 End-of-day quote.-5.84%
THE SAUDI BRITISH BANK -3.57% 29.7 End-of-day quote.20.15%
WTI -11.91% 68.16 Delayed Quote.60.61%
All news about THE SAUDI BRITISH BANK
11/05SABB Results presentation 3Q21
PU
11/05SABB Earnings Release 3Q21
PU
11/04Financial Statements for the period ended 30 September 2021
PU
11/01The Saudi British Bank Reports Earnings Results for the Third Quarter Ended September 3..
CI
11/01FTSE 100 hits highest close in 20 months; Barclays slides as CEO steps down
RE
10/31إعلان تصحيحي م&..
PU
10/31Correction announcement from The Saudi British Bank (SABB) in regards to the Appointmen..
PU
10/31The saudi british bank (sabb) announces the appointment of new board director
PU
10/31يعلن البنك الس&..
PU
10/28اعلان البنك ال&..
PU
More news
Analyst Recommendations on THE SAUDI BRITISH BANK
More recommendations
Financials
Sales 2021 7 914 M 2 110 M 2 110 M
Net income 2021 3 475 M 926 M 926 M
Net Debt 2021 - - -
P/E ratio 2021 16,8x
Yield 2021 3,71%
Capitalization 61 027 M 16 268 M 16 269 M
Capi. / Sales 2021 7,71x
Capi. / Sales 2022 7,08x
Nbr of Employees 4 156
Free-Float 42,4%
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 29,70 SAR
Average target price 31,27 SAR
Spread / Average Target 5,29%
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