SAUDI ARABIA: SABB Takaful Company has announced in a bourse filing the renewal of SABB Bank’s property Takaful policy for SAR3.09 million (US$823,515). Separately, SABB Takaful Company also announced the renewal of SABB Bank’s credit card Takaful policy for SAR3 million (US$799,529). R...
SAUDI ARABIA: Dr Sulaiman Al-Habib Medical Services Group’s subsidiary, North of Riyadh for Healthcare Company, has secured a SAR2.17 billion (US$578.33 million) Shariah compliant credit facility from Saudi British Bank (SABB). According to a bourse fil
SAUDI ARABIA: Fitch has affirmed Saudi British Bank (SABB)’s long-term issuer default rating of ‘BBB+’ with a negative outlook, as well as a viability rating of ‘bbb+’, a statement read. The agency has also removed the bank from Rating Watch Negativ
SAUDI ARABIA: The boards of directors of Saudi British Bank (SABB) and Alawwal Bank, which offer Islamic solutions, have unanimously recommended a merger of the two banks to their shareholders, creating a franchise that will support more opportunities fo
SAUDI ARABIA: The period of objection by creditors to the merger transaction between the First Bank and the Saudi British Bank (SABB) has ended, according to a bourse filing.