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The Saudi National Bank
- Main Market
- Banks
- Derivatives
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Stats Overview
-
Prev. Close 34.15
-
Open 34.40
-
High 34.60
-
Low 34.00
-
No. of Trades 1,411
-
Avg. Trade size* 747
-
Volume Traded 1,053,816
-
Value Traded (SAR) 36,077,520.35
Performance
- *Average Trade Size = Cumulative / # of Trades
- **52 Week Price Change = (Current Price - Price year ago) / Price year ago x 100
- Historical prices & volume traded data are adjusted to account for all corporate actions.
- MO: Market Order
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Announcements
Corporate Actions
- Announcements & Corporate Actions
- Dividends
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Dividends
| Announced Date | Eligibility Date | Distribution Date | Distribution Way | Dividend Amount |
|---|---|---|---|---|
| 06/08/2024 | 11/08/2024 | 25/08/2024 | Account Transfer | 0.90 |
| 25/02/2024 | 01/05/2024 | 14/05/2024 | Account Transfer | 0.90 |
| 26/07/2023 | 01/08/2023 | 13/08/2023 | Account Transfer | 0.85 |
| 12/01/2023 | 07/05/2023 | 18/05/2023 | Account Transfer | 0.60 |
| 03/07/2022 | 13/07/2022 | 21/07/2022 | Account Transfer | 1.10 |
CompanyProfilev2Financials
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Financials
- FINANCIAL INFORMATION
- FINANCIAL STATEMENTS AND REPORTS
- Annually
- Quarterly
| Balance Sheet | 2023-12-31 | |||
|---|---|---|---|---|
| Total Assets |
1,037,081,167
|
- | - | - |
| Total Liabilities |
860,452,454
|
- | - | - |
| Total Shareholders Equity (After Deducting the Minority Equity) |
175,904,873
|
- | - | - |
| Total Liabilities and Shareholders Equity |
1,037,081,167
|
- | - | - |
| Statement of Income | 2023-12-31 | |||
| Total Revenue (Sales/Operating) |
34,589,401
|
- | - | - |
| Net Profit (Loss) before Zakat and Tax |
22,772,574
|
- | - | - |
| Zakat and Income Tax |
-2,663,747
|
- | - | - |
| Net Profit (Loss) after Zakat and Tax |
20,009,968
|
- | - | - |
| Total Comprehensive Income |
17,526,464
|
- | - | - |
| Profit (Loss) per Share |
3.23
|
- | - | - |
| Cash Flows | 2023-12-31 | |||
| Net Cash From Operating Activities |
39,078,575
|
- | - | - |
| Net Cash From Investing Activities |
-9,375,633
|
- | - | - |
| Net Cash From Financing Activities |
-8,740,960
|
- | - | - |
| Cash and Cash Equivalents, Beginning of the Period |
20,158,433
|
- | - | - |
| Cash and Cash Equivalents, End of the Period |
40,480,454
|
- | - | - |
| All Figures in | Thousands | |||
| All Currency In | SAR | |||
| Last Update Date | 2024-02-14 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
| Balance Sheet | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
|---|---|---|---|---|
| Total Assets |
1,088,111,777
|
1,072,143,757
|
1,027,132,628
|
|
| Total Liabilities |
908,121,014
|
891,521,274
|
858,161,847
|
|
| Total Shareholders Equity (After Deducting the Minority Equity) |
179,202,056
|
179,986,645
|
168,320,392
|
|
| Total Liabilities and Shareholders Equity |
1,088,111,777
|
1,072,143,757
|
1,027,132,628
|
|
| Statement of Income | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
| Total Revenue (Sales/Operating) |
8,916,444
|
8,939,415
|
8,736,769
|
|
| Net Profit (Loss) before Zakat and Tax |
5,729,378
|
5,696,225
|
5,672,838
|
|
| Zakat and Income Tax |
-561,440
|
-640,489
|
716,204
|
|
| Net Profit (Loss) after Zakat and Tax |
5,230,558
|
5,039,609
|
5,009,624
|
|
| Total Comprehensive Income |
4,949,263
|
3,722,325
|
2,833,335
|
|
| Profit (Loss) per Share |
0.84
|
0.82
|
0.8
|
|
| Cash Flows | 2024-06-30 | 2024-03-31 | 2023-09-30 | |
| Net Cash From Operating Activities |
-25,786,050
|
5,781,941
|
39,603,195
|
|
| Net Cash From Investing Activities |
-17,998,189
|
-7,806,356
|
-13,895,189
|
|
| Net Cash From Financing Activities |
36,416,708
|
3,739,406
|
-8,223,698
|
|
| Cash and Cash Equivalents, Beginning of the Period |
40,480,454
|
40,480,454
|
20,158,433
|
|
| Cash and Cash Equivalents, End of the Period |
32,793,553
|
41,906,491
|
37,085,496
|
|
| All Figures in | Thousands | Thousands | Thousands | |
| All Currency In | SAR | SAR | SAR | |
| Last Update Date | 2024-08-08 | 2024-05-07 | 2023-11-01 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. The above information does not replace detailed financial statements, as detailed financial statements are the reliable source that must be consulted to obtain accurate financial information.
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Company Profile
Company overview
The Saudi National Bank (SNB) is the largest financial institution in Saudi Arabia and one of the largest powerhouses in the region. SNB plays a vital role in supporting economic transformation in Saudi Arabia by transforming the local banking sector and catalyzing the delivery of Vision 2030 of Saudi Arabia. Its strategy is closely aligned with the programs of the Vision. SNB also leverages its position as the largest institutional and specialized financier in the Kingdom to support the landmark deals and mega projects of the Kingdom. Vision of SNB is to be a premier financial and banking service provider locally and regionally through the fulfilment of strategic aspirations: to be number one in revenues, number one in profit, the best in customer service, the best digital bank, and the employer of choice, and the best Shariah-compliant products service provider in the world. The effort of the Bank to achieve these aspirations is reflected in achieving record annual profits for the eighth consecutive year. SNB seeks to leverage the expanded scale, reach, and digital capabilities to provide enhanced products and deliver unparalleled customer experience. SNB robust balance sheet, resilient business model, and healthy liquidity position enhance the capability of the Bank to compete locally and regionally, and to facilitate trade and capital flows between the Kingdom and regional and global markets. SNB delivers best-in-class digital solutions, drive homeownership through growth in residential finance, foster MSME development and lending, and seeks to be the foremost trusted partner for top-tier Saudi corporates and institutions to support the mega deals and projects of the Kingdom, and to be the biggest provider of Shariah-compliant products for all segments. The Saudi National Bank is a leader in treasury and capital markets, and it owns both NCB Capital and Samba Capital & Investment Management, who, together would form the biggest asset manager, brokerage and investment bank in Saudi Arabia. SNB has a strong international presence in Middle East, South Asia and Turkey, which supports the vision of the Bank to compete regionally and internationally to earn our place as a global leader in financial services. SNB is a committed supporter of Saudization, creating many opportunities for young people and achieving record rates of Saudization. SNB also gives great importance to empowering women, giving them big opportunities to assume leading positions at the Bank. Corporate responsibility is an essential element of SNB corporate culture and business philosophy. Its corporate responsibility strategy focuses on empowering individuals and non-profit organizations, and supporting community activities.
Company History
SNB has been formed after the merger of two big banks; the National Commercial Bank and Samba Financial Group. The National Commercial Bank (NCB) has been considered the largest and the first bank to officially be licensed and operate in Saudi Arabia, following the Royal Decree of the 26th of December 1953, corresponding to 20th of Rabi Al-Thani 1373H, after the merger of Saudi Arabia''s largest currency exchange houses at the time. The Bank established its Shariah Board in 1996, then became a joint stock company in 1997. In 1999, the Saudi Government, represented by the Public Investment Fund, owned majority of the shares of the Bank, whilst the remaining shares were owned by the General Organization for Social Insurance and a number of Saudi investors. In 2014, the Bank initial public offering (25% of the shares the Bank) marked the start of a new era of the history of the Bank. Over 68 years, the Bank has maintained its growth and development, mirroring the progress towards modernity and continuous improvement of the Kingdom. Today, SNB holds a leading position among the financial institutions, meeting their customer needs through outstanding products, services, and innovative solutions, harnessing technology to enhance their experience, and fulfilling their needs of Shariah-compliant products and services. Samba Financial Group is a Saudi leading banking and financial institution. The first branch of Samba was established in 1955 under Citibank name. In 1980, A Royal Decree was issued by which Citibank became the Saudi American Bank, with majority shareholding owned by Saudi. In 1999, Samba merged with United Saudi Bank creating one of the largest financial institutions in the Middle East. The year 2003 witnessed a remarkable milestone for Samba, as it became under full local management and the business was officially renamed Samba Financial Group or Samba. Over the past 40 years, Samba has been offering wide range of banking products and services to retail, corporate, private and investment clients. The Group played a key role in supporting SMEs in Saudi Arabia, and offered its banking services to international clients in different regions around the world. 1st April 2021 was the Legal Day 1 of the Saudi National Bank after the merger between the National Commercial Bank and Samba Financial Group. Riyadh, the capital city of Saudi Arabia, hosts the new headquarters of the Saudi National Bank.
Company Bylaws
Equity Profile
- Authorized Capital (SAR) 60,000,000,000
- Issued Shares 6,000,000,000
- Paid Capital (SAR) 60,000,000,000
- Par Value/Share 10
- Paid Up Value/Share 10
Last Update :2023-05-08
Investment limits
There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities
- Company Details
- BOARD OF DIRECTORS AND SENIOR EXECUTIVES INFORMATION
Investor Relations
Contact Name:
Shareholders Affairs
Company Address:
The Saudi National Bank Tower, King Fahd Road 3208 -Alaqeeq District UnitNo.778 , Zip Code 13519 - Additional No. 6676, Riyadh, Saudi
Arabia
Contact Details:
Telephone:
966118111222
Fax
: -
Email
: ShareholdersAffairs@alahli.com
Company Website:
| Name Of Subsidiary | Percentage Of Property | Main Business | Location Of Operation | Country Of Operation |
|---|---|---|---|---|
| SNB Capital Company (SNBC) | 100.00% | A Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia to manage the Bank's investment services and asset management activities. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| NCB Capital Dubai Inc. | 100.00% | An exempt company with limited liability incorporated in the Cayman Islands to source, structure and invest in private equity and real estate development opportunities across emerging markets. | Emerging markets with special focus on the Middle East and North Africa | Cayman Islands |
| NCB Capital Real Estate Investment Company (REIC) | 100.00% | The Company is a special purpose entity registered in the Kingdom of Saudi Arabia. The primary objective of REIC is to hold and register the real estate assets on behalf of real estate funds managed by SNB Capital Company. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| Turkiye Finans Katilim Bankasi | 67.03% | A participation bank registered in Turkey that collects funds through current accounts, profit sharing accounts and lends funds to consumer and corporate customers, through finance leases and profit/loss sharing partnerships. TFKB fully owns the issued share capital of TF Varlik Kiralama AS, (TFVK) and TFKB Varlik Kiralama A.S., which are special purpose entities (SPEs) established in connection with issuance of sukuks by TFKB. | Turkey | Turkey |
| Real Estate Development Company (REDCO) | 100.00% | A Limited Liability Company registered in the Kingdom of Saudi Arabia. REDCO is engaged in keeping and managing title deeds and collateralised real estate properties on behalf of the Bank. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| SNB Markets Limited | 100.00% | A Limited Liability Company registered in the Cayman Islands, engaged in trading in derivatives and Repos/ Reverse Repos on behalf of the Bank. | Cayman Islands | Cayman Islands |
| Eastgate MENA Direct Equity L.P. | 100.00% | A private equity fund domiciled in the Cayman Islands and managed by NCB Capital Dubai. The Funds investment objective is to generate returns via investments in Sharia compliant direct private equity opportunities in high growth businesses in countries within the Middle East and North Africa (MENA). | Middle East and North Africa | Cayman Islands |
| AlAhli Outsourcing Company | 100.00% | A Limited Liability Company registered in the Kingdom of Saudi Arabia, engaged in recruitment services within the Kingdom of Saudi Arabia. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| Samba Bank Limited, Pakistan (SBL) | 84.51% | A banking company in Pakistan and is engaged in commercial banking and related services and is listed on the Pakistan Stock Exchange During the year ended 31 Dec 2021, the BoD resolved to invite tender bids from interested parties to carry out due diligence procedures to evaluate and pursue potential sale transactions subject to receiving regulatory and shareholder approvals As at the reporting date the fair value less cost to sell of SBL is not materially different from its net asset value | Pakistan | Pakistan |
| Samba Real Estate Company | 100.00% | A Limited Liability Company registered in Kingdom of Saudi Arabia, engaged in managing real estate projects on behalf of the Bank. | Kingdom of Saudi Arabia | Kingdom of Saudi Arabia |
| Samba Global Markets Limited | 100.00% | A Limited Liability Company registered in Cayman Islands, engaged in managing certain treasury related transactions. | Cayman Islands | Cayman Islands |
| Samba Funding Limited | 100.00% | A Limited Liability company under the laws of Cayman Islands established with the main objective of generating liquidity for the Bank through issuance of bonds. | Cayman Islands | Cayman Islands |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of these disclosures, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of these disclosures, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.