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Revealed: Top 5 most powerful Arabs in Saudi Arabia 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list by Gulf Business Saudi nationals once again stood out as the second largest group in Gulf Business‘ annual Arab Power list for 2021, with the number of entries tallying 20 this year. Leading from the front is the chair of the state-owned oil giant Saudi Aramco, while its CEO Amin Naseer also sat among the top five most powerful Arabs from the kingdom. ....
SABB reports resilient Q4 results, net income up by 7% arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
SABB net income up 7% in Q4 RIYADH, 24 days ago The Saudi British Bank (SABB) reported a net income of SR680 million for the three months ended December 31, 2020.
Net income before Zakat and income tax for the three months was SR801 million, SR55 million or 7% higher than the three months ended December 31, 2019, mainly from lower expected credit losses partly offset by reduced revenue, the bank said.
The fourth quarter of 2020 saw an acceleration in the integration of SABB and Alawwal Banks with full integration expected by the end of the first quarter of 2021.
Financial highlights: • A resilient end to the year but bottomline financial performance was disappointing with a full year net loss before Zakat and income tax of SR4,302 million, which included the impairment of goodwill in the second quarter of SR7,418 million, the bank said. ....