The Saudi National Bank

1180

SA13L050IE10

Banks

End-of-day quote Saudi Arabian S.E. Other stock markets 06:00:00 2024-04-29 pm EDT			5-day change	1st Jan Change
37.6 ^SAR	-0.66%		+0.13%	-2.72%

Apr. 29	Saudi Shares Surge Amid Earnings Buzz; EU, Saudi Plan MOU for Clean Tech	MT
Apr. 29	Saudi National Bank Logs Increase in Q1 Net Profit	MT

The Saudi National Bank Aims to Establish A New Entity

March 10, 2024

The Saudi National Bank has announced the appointment of Dr. Saleh Bin Ibrahim Al-Furaih as the CEO of the Digital Ventures and Payments Company, aiming to establish a new entity that seeks to enhance digital banking services and payments within the bank.

Latest news about The Saudi National Bank

Saudi Shares Surge Amid Earnings Buzz; EU, Saudi Plan MOU for Clean Tech	Apr. 29	MT
Saudi National Bank Logs Increase in Q1 Net Profit	Apr. 29	MT
Most Gulf markets end lower on US rate cut worries	Apr. 17	RE
Saudi’s Neom Eyes Debut Sukuk Sale to Raise Funds for $1.5 Trillion Project	Apr. 17	MT
Bank Alfalah to Acquire Samba Bank	Apr. 16	CI
Morgan Stanley: Saudi Banks’ Liquidity Pressures Ease on Back of Strong Deposit Mix in February	Apr. 04	MT
Saudi National Bank Acting Chief Steps Down; New CEO Named	Mar. 27	MT
The Saudi National Bank Announces Chief Executive Changes	Mar. 27	CI
ProMedEx Secures SAR38 Million Sharia-compliant Bank Facility	Mar. 27	MT
Amiantit Completes Settlement of Outstanding Obligations with Saudi National Bank	Mar. 24	MT
The Saudi National Bank Aims to Establish A New Entity	Mar. 10	CI
The Saudi National Bank Appoints Dr. Saleh Al-Furaih as CEO of Digital Ventures and Payments Company	Mar. 10	CI
Saudi national bank starts selling 5-year sustainable sukuk - document	Feb. 20	RE
Saudi Arabia's biggest lender hires banks for sustainable sukuk -document	Feb. 19	RE
The Saudi National Bank Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
Swiss financial watchdog calls for stronger powers after Credit Suisse crash	Dec. 19	RE
Huatai-PineBridge JV Applies for Saudi Arabia-Focused ETFs	Dec. 15	MT
Asia's first ETF tracking Saudi equities debuts in Hong Kong	Nov. 28	RE
The Saudi National Bank Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-23	CI
China ramps up yuan internationalisation under Belt and Road Initiative	23-10-19	RE
Moelis appoints Moaath Alangari to lead Saudi business	23-10-10	RE
Saudi Arabia taps Moaath Alangari to lead Saudi business	23-10-09	RE
MIDEAST STOCKS-Gulf shares drop in early trade on weaker oil prices	23-10-04	RE
Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation	23-09-20	RE
Saudi Arabia's TAWAL raises $1.42 bln to buy European towers from United Group	23-08-27	RE

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Company Profile

National Commercial Bank SJSC is a Saudi Arabia-based bank. It operates under the following segments: Retail, which provides banking services, including lending and current accounts in addition to products in compliance with Shariah rules, to individuals and private banking customers; Corporate, which provides banking services including conventional credit-related products and financing products in compliance with Shariah rules to small sized businesses, medium and large establishments and companies; Treasury, which provides a range of treasury and correspondent banking products and services, including money market and foreign exchange, to the Groupâs clients, in addition to carrying out investment and trading activities and managing liquidity risk, market risk and credit risk; Capital Market, which provides wealth management, asset management, investment banking and shares brokerage services, as well as International, which comprises banking services provided outside Saudi Arabia.

Sector

Banks

Calendar

2024-05-01 - Extraordinary Shareholders Meeting

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Income Statement Evolution

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Ratings for The Saudi National Bank

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

37.6 SAR

Average target price

47.61 SAR

Spread / Average Target

+26.61%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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