Latest news with #BanqueSaudiFransi
Argaam
7 days ago
- Business
- Argaam
Sure renews SAR 44.8M credit facility with BSF
Sure Global Tech Co. renewed on Aug. 5 its Shariah-compliant credit facility agreement for SAR 44.7 million with Banque Saudi Fransi (BSF). The agreement is valid for one year and the facility guaranteed by a promissory note, the company said in a statement to Tadawul.
Business Recorder
29-07-2025
- Business
- Business Recorder
UAE gains on trade optimism, earnings hopes
DUBAI: Gulf equities were mixed on Monday, with UAE markets tracking global gains on trade optimism, while Saudi markets edged down amid mixed earnings and several blue-chip stocks trading ex-dividend. The United States and the European Union on Sunday struck a framework trade agreement that will impose a 15% import tariff on most EU goods, half the previously threatened rate. Meanwhile, senior US and Chinese officials will meet in Stockholm later on Monday to try to extend their tariff truce before an August 12 deadline. Saudi Arabia's benchmark index retreated 0.7%. Banque Saudi Fransi and Arab National Bank dropped 5.3% and 3.8%, respectively, after their shares traded ex-dividend. Petrochemical giant Saudi Kayan reversed early gains to close slightly lower as its second-quarter loss, though halved from a year earlier, was wider than analysts expected. Arabian Cement slid more than 3% after its second-quarter profit fell short of estimates. 'A potential rebound hinges on continued positive earnings announcements and a recovery in oil prices', said George Pavel, general manager at Middle East. Dubai's benchmark index rose as much as 1.4%, before paring gains to end up 0.3% at its highest close in 17-1/2 years. That was the fourth straight day of gains, supported by strong second-quarter earnings and global trade optimism, led by a 2.3% gain in Emirates NBD Bank.
Business Recorder
28-07-2025
- Business
- Business Recorder
UAE gains on trade optimism, earnings hopes; Saudi slips in volatile trade
Gulf equities were mixed on Monday, with UAE markets tracking global gains on trade optimism, while Saudi markets edged down amid mixed earnings and several blue-chip stocks trading ex-dividend. The United States and the European Union on Sunday struck a framework trade agreement that will impose a 15% import tariff on most EU goods, half the previously threatened rate. Meanwhile, senior U.S. and Chinese officials will meet in Stockholm later on Monday to try to extend their tariff truce before an August 12 deadline. Saudi Arabia's benchmark index retreated 0.7%. Banque Saudi Fransi and Arab National Bank dropped 5.3% and 3.8%, respectively, after their shares traded ex-dividend. Petrochemical giant Saudi Kayan reversed early gains to close slightly lower as its second-quarter loss, though halved from a year earlier, was wider than analysts expected. Arabian Cement slid more than 3% after its second-quarter profit fell short of estimates. 'A potential rebound hinges on continued positive earnings announcements and a recovery in oil prices', said George Pavel, general manager at Middle East. Gulf stocks firm as markets brace for pivotal week Dubai's benchmark index rose as much as 1.4%, before paring gains to end up 0.3% at its highest close in 17-1/2 years. That was the fourth straight day of gains, supported by strong second-quarter earnings and global trade optimism, led by a 2.3% gain in Emirates NBD Bank. The Abu Dhabi index edged up 0.2%, supported by a nearly 2% jump in heavyweight ADNOC Gas. Qatar's benchmark index eased 0.4%, as traders locked in profits following a recent rally, with most sectors closing in the red, led by a 2.3% decline in Qatar Islamic Bank. Investors are now looking ahead to the next wave of corporate results this week, after a strong run in bank earnings helped lift sentiment across the region, Pavel noted. Outside the Gulf, Egypt's blue-chip index edged down 1.4% following a record peak in the previous session, with Talaat Moustafa Group declining over 3.5%. ------------------------------------------ SAUDI ARABIA dipped 0.7% to 10,885 ABU DHABI added 0.2% to 10,362 DUBAI rose 0.3% to 6,168 QATAR retreated 0.4% to 11,205 EGYPT fell 1.4% to 34,076 BAHRAIN gained 0.1% to 1,951 OMAN advanced 0.1% to 4,743 KUWAIT slid 0.7% to 9,174 ------------------------------------------
Zawya
22-07-2025
- Business
- Zawya
Banque Saudi Fransi posts higher profits at $720mln in H1-25; dividends proposed
Riyadh – Banque Saudi Fransi recorded net profits worth SAR 2.74 billion in the first half (H1) of 2025, an annual rise of 20.27% from SAR 2.27 billion. Earnings per share (EPS) amounted to SAR 1.02 as of 30 June 2025, up from SAR 0.87 in H1-24, according to the initial financial results. Banque Saudi Fransi reported 6.90% year-on-year (YoY) higher clients' deposits at SAR 182.69 billion in the first six months (6M) of 2025, compared to SAR 196.24 billion. The assets increased by 4.28% to SAR 301.49 billion in H1-25 from SAR 289.10 billion in H1-24, while the investments jumped by 12.55% to SAR 62.79 billion from SAR 55.78 billion. Financials for Q2 In the second quarter (Q2) of 2025, the net profits reached SAR 1.40 billion, higher by 24.26% YoY than SAR 1.12 billion. Quarterly, the Q2-25 net profits climbed by 4.85% from the SAR 1.33 billion registered in January-March 2025. Cash Dividends The lender's board recommended cash dividends after Zakat amounting to SAR 1.37 billion, representing 5.50% of its share capital, for H1-25. Banque Saudi Fransi will disburse a dividend of SAR 0.55 per share for 2.49 billion eligible shares, according to a bourse disclosure. Eligibility and payment dates for the H1-25 dividends will be 27 July and 13 August 2025, respectively. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Argaam
13-07-2025
- Business
- Argaam
Sports Club retail IPO 533.6% covered; 10 shares/subscriber
Sport Clubs Co. successfully completed its retail offering to list shares on the Main Market (TASI), Banque Saudi Fransi (BSF), the lead manager, financial advisor, bookrunner and underwriter, said in a statement to Tadawul. For More IPOs The retail investor subscription period, which lasted for one day, saw participation from 259,690 investors at the final offer price of SAR 7.5 per share. Total orders placed by retail investors reached approximately SAR 247.7 million, resulting in an oversubscription rate of 533.6%. A minimum of 10 shares was allocated to each investor in the retail tranche, while the remaining shares were allocated on a pro-rata basis, based on the size of each investor's request compared to the total remaining shares, with an average allocation factor of 12.5%, the statement added. The company also noted that based on the results of the retail subscription period, the number of shares allocated to the participating parties' tranche will be reduced to 27.46 million shares, representing 80% of the total offering.
