The Saudi National Bank

1180

SA13L050IE10

Banks

Market Closed - Saudi Arabian S.E. Other stock markets 08:20:04 2024-05-13 am EDT			5-day change	1st Jan Change
35.9 ^SAR	+0.56%		-2.31%	-7.12%

May. 07	Saudi Electricity Co. Secures $1 Billion Murabaha Loan	MT
May. 05	Gulf bourses end higher as Fed cut hopes rise	RE

The Saudi National Bank Announces Saeed Al Ghamdi as Chairman of the Board

March 26, 2023

The Saudi National Bank announced Mr. Saeed Al Ghamdi as Chairman of the Board. Mr. Talal Ahmed Al Khereiji is Acting Chief Executive Officer of the Saudi National bank, effective as of 27 March 2023.

Latest news about The Saudi National Bank

Saudi Electricity Co. Secures $1 Billion Murabaha Loan	May. 07	MT
Gulf bourses end higher as Fed cut hopes rise	May. 05	RE
Acwa Power Strikes SAR5.7 Billion Debt Financing Deal for Power Plant	May. 02	MT
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
The Saudi National Bank Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 28	CI
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

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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

2024-07-23 - Q2 2024 Earnings Release (Projected)

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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

35.7 SAR

Average target price

47.37 SAR

Spread / Average Target

+32.68%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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