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Saudi Awwal Bank SJSC
Previous close
SAR 39.30
Day range
SAR 39.35 - SAR 40.80
Year range
SAR 30.60 - SAR 42.70
Market cap
82.29B SAR
Avg Volume
1.06M
P/E ratio
11.75
Dividend yield
4.64%
Primary exchange
TADAWUL
In the news
Financials
Income Statement
Revenue
Net income
(SAR) | Dec 2023info | Y/Y change |
---|---|---|
Revenue | 3.13B | 27.17% |
Operating expense | 1.07B | -0.96% |
Net income | 1.86B | 50.52% |
Net profit margin | 59.38 | 18.36% |
Earnings per share | 0.91 | 33.61% |
EBITDA | — | — |
Effective tax rate | 12.14% | — |
Balance Sheet
Total assets
Total liabilities
(SAR) | Dec 2023info | Y/Y change |
---|---|---|
Cash and short-term investments | 13.58B | 43.96% |
Total assets | 356.64B | 13.43% |
Total liabilities | 294.74B | 13.46% |
Total equity | 61.90B | — |
Shares outstanding | 2.05B | — |
Price to book | 1.39 | — |
Return on assets | 2.13% | — |
Return on capital | — | — |
Cash Flow
Net change in cash
(SAR) | Dec 2023info | Y/Y change |
---|---|---|
Net income | 1.86B | 50.52% |
Cash from operations | -5.33B | -217.96% |
Cash from investing | -7.11B | 14.15% |
Cash from financing | 16.82B | 47.81% |
Net change in cash | 4.38B | -42.51% |
Free cash flow | — | — |
About
Saudi Awwal Bank is a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake. The bank traces its origins to the British Bank of the Middle East which was acquired by HSBC in 1959. In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank was created in 1978 to manage HSBC branches and assets in the country.
In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger in twenty years. On June 16, 2019, the official legal merger of Saudi British Bank and Alawwal Bank was completed, making the two banks one legal entity. The bank adopted its current name following the completion of the merger.
SAB is one of the five largest Saudi banks by deposits, and has over eighty branches across Saudi Arabia and one branch in London, England. Wikipedia
CEO
Founded
Jan 21, 1978
Headquarters
Website
Employees
4,195