Samba Financial Group
| Name | Samba Financial Group | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | Tadawul | |
| RIC Code | 1090.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Samba Financial Group (formerly known as Saudi American Bank) was formed to take over the existing branches of Citibank, NA. in Riyadh and Jeddah and opened for business on 12 July 1980. Citibank had opened its Jeddah branch in 1955 and its Riyadh branch in 1966.
Samba is managed by Citibank under a technical management agreement providing that Citibank seconds key staff and provides technical support. Citigroup is Samba's largest shareholder with 23 per cent of the shares.
In July 1999, Samba merged with United Saudi Bank by an exchange of shares, to form one of the largest banks in the Middle East. United Saudi Bank was the product of a merger between United Saudi Commercial Bank and Saudi Cairo Bank in 1997.
As a result of the merger, Samba's branch and ATM network has expanded to serve the needs of its new customer base. Figures for 1999 show that Samba is now the largest quoted bank in Saudi Arabia. In 1999, Samba's share price increased by 67 per cent as compared with 57 per cent for the banking index and 44 per cent for the market as a whole.
Total assets were almost flat at SR 76,952.2 million ($20,521 million) although there was a rise in amounts placed with banks and with Saudi Arabian Monetary Agency (SAMA) and a decline in investments.
The total value of loans and advances was barely changed at SR 31,659 million ($8,442 million), equivalent to more than 25 per cent of total lending by Saudi conventional banks. On the liabilities side of the balance sheet, the figures show that there was a marginal decline in customer deposits to SR 51,820.
6 million ($13,820 million), again by far the largest market share figure reported by any of the quoted Saudi banks.
Samba is managed by Citibank under a technical management agreement providing that Citibank seconds key staff and provides technical support. Citigroup is Samba's largest shareholder with 23 per cent of the shares.
In July 1999, Samba merged with United Saudi Bank by an exchange of shares, to form one of the largest banks in the Middle East. United Saudi Bank was the product of a merger between United Saudi Commercial Bank and Saudi Cairo Bank in 1997.
As a result of the merger, Samba's branch and ATM network has expanded to serve the needs of its new customer base. Figures for 1999 show that Samba is now the largest quoted bank in Saudi Arabia. In 1999, Samba's share price increased by 67 per cent as compared with 57 per cent for the banking index and 44 per cent for the market as a whole.
Total assets were almost flat at SR 76,952.2 million ($20,521 million) although there was a rise in amounts placed with banks and with Saudi Arabian Monetary Agency (SAMA) and a decline in investments.
The total value of loans and advances was barely changed at SR 31,659 million ($8,442 million), equivalent to more than 25 per cent of total lending by Saudi conventional banks. On the liabilities side of the balance sheet, the figures show that there was a marginal decline in customer deposits to SR 51,820.
6 million ($13,820 million), again by far the largest market share figure reported by any of the quoted Saudi banks.
Shareholding Groups
| Individuals | 22% |
| Institutions | 23% |
| Floating | N/A |
| Government | 15% |
Board Members (Listed in alphabetical order)
| Director | Abdul Rahman Bin Mohammed Al Rawaf |
| Director | Abdulla Bin Mohammed Bin Ibrahim Al Eissa |
| Director | Ali Hussein Ali Reza |
| Director | Eisa Bin Mohammed Al Eisa |
| Director | Jamil Abdullah Al Jishi |
| Director | Maen Abdul Wahad Al Sanea |
| Director | Mohammed Abdullah Rashed Abu Nayan |
| Director | Moosa Abdul Karim Al Rubaian |
| Director | Saud Abdel-Aziz Al Gosaibi |
| Chairman | Suleiman Al Salim |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 139.75 | 3424.18 |
| YTD % |  9.459% |  0% |
| Weekly % | 8% | 5.55% |
| Year High | SAR 162 | 9083.39 |
| Year Low | SAR 102.75 | 3296.01 |
| 52 Week High | SAR 222.4 | 4532.55 |
| 52 Week Low | SAR 127.75 | 2983.01 |
| BETA | 0.4263 | |
| Outstanding Shares | 640,000,000 | |
| Market Cap | SAR 89,440,000,000 | |
| Market Cap in $ | USD $23,850,666,667 | |
| % of Saudi_Arabia Market | 7.28% | |
| % of Sector | 19.45% | |
| Rank by Cap | 4 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 94,938,660 | 79,037,636 | 76,361,867 |
| Shareholder's Equity | 9,478,855 | 8,878,133 | 8,909,083 |
| NIAT | 2,505,735 | 1,436,550 | 1,857,294 |
| Dividends | N/A | 1,340,000 | 780,000 |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 20.12% | 3.50% | -1.13% |
| Earning Growth | 74.43% | -22.65% | -17.48% |
| ROaA | 2.88% | 1.85% | 2.42% |
| ROaE | 27.30% | 16.15% | 21.46% |
| No. Of Shares | 80,000,000 | 80,000,000 | 80,000,000 |
| EPS | 31.32 | 17.96 | 23.22 |
| EPS Growth | 74.43% | -22.65% | -17.48% |
| Payout Ratio | N/A | 93.279 | 41.997 |
Valuation Ratios
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