Saudi French Bank
| Name | Saudi French Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | Tadawul | |
| RIC Code | 1050.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Al-Bank Al-Saudi Al-Fransi was created in 1977 with an initial paid-up capital of SR 100 million ($27 million). At that time, Banque Indosuez (now Banque Credit Agricole Indosuez) held a 40 per cent stake.
This has now been reduced to 31.1 per cent. The bank has recorded steady growth and rises in profitability in the past five years. In 1999, net income rose by 13.2 per cent to SR 521 million ($139 million), a record level.
This reflected positive trends in most elements of the profit and loss statement. Net interest income advanced by 13 per cent in the year. Net operating income was up by 24 per cent in the period. This was offset by a sharp increase in the amount set aside for bad loan provisions.
The total balance sheet expanded by 6.6 per cent in 1999 to SR 32,465.3 million ($8,600 million), making Al-Bank Al-Saudi Al-Fransi the sixth largest local bank. Loans grew by 13.4 per cent to SR 14,433 million ($3,849 million), and the bank now has the fourth largest loan portfolio in the kingdom.
Total deposits rose by almost 13 per cent in the year, the second largest rate of increase among local banks. Equity rose by 5.9. per cent and is the fourth largest in the kingdom.Al-Bank Al-Saudi Al-Fransi hopes to benefit from the creation of Banque Credit Agricole Indosuez.
It is managed by executives from the Indosuez part of the business, but Al-Bank Al-Saudi Al-Fransi is expected to benefit from the retail banking experience of Credit Agricole.
This has now been reduced to 31.1 per cent. The bank has recorded steady growth and rises in profitability in the past five years. In 1999, net income rose by 13.2 per cent to SR 521 million ($139 million), a record level.
This reflected positive trends in most elements of the profit and loss statement. Net interest income advanced by 13 per cent in the year. Net operating income was up by 24 per cent in the period. This was offset by a sharp increase in the amount set aside for bad loan provisions.
The total balance sheet expanded by 6.6 per cent in 1999 to SR 32,465.3 million ($8,600 million), making Al-Bank Al-Saudi Al-Fransi the sixth largest local bank. Loans grew by 13.4 per cent to SR 14,433 million ($3,849 million), and the bank now has the fourth largest loan portfolio in the kingdom.
Total deposits rose by almost 13 per cent in the year, the second largest rate of increase among local banks. Equity rose by 5.9. per cent and is the fourth largest in the kingdom.Al-Bank Al-Saudi Al-Fransi hopes to benefit from the creation of Banque Credit Agricole Indosuez.
It is managed by executives from the Indosuez part of the business, but Al-Bank Al-Saudi Al-Fransi is expected to benefit from the retail banking experience of Credit Agricole.
Shareholding Groups
| Individuals | N/A |
| Institutions | 31% |
| Floating | N/A |
| Government | N/A |
Board Members (Listed in alphabetical order)
| Director | Abdul Aziz Habdan Al-Habdan |
| Director | Abdul Aziz Rashid Al-Rashid |
| Director | Abdul Rahman Jawa |
| Director | Abdulla Abu Al-Samh |
| Director | Bertrand Viriot |
| Director | Henri Guillemin |
| Chairman | Ibrahim Abdul Aziz Al Touq |
| Director | Ibrahim Mohammed Al-Issa |
| Director | Khaled Hamed Hamed Mutabagani |
| Director | Marc Antoine Autheiman |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 138 | 3424.18 |
| YTD % |  15.361% |  0% |
| Weekly % | 6.983% | 5.55% |
| Year High | SAR 159.5 | 9083.39 |
| Year Low | SAR 95.78 | 3296.01 |
| 52 Week High | SAR 283.25 | 4532.55 |
| 52 Week Low | SAR 114.94 | 2983.01 |
| BETA | 1.1968 | |
| Outstanding Shares | 337,500,000 | |
| Market Cap | SAR 46,575,000,000 | |
| Market Cap in $ | USD $12,420,000,000 | |
| % of Saudi_Arabia Market | 3.79% | |
| % of Sector | 10.13% | |
| Rank by Cap | 6 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 59,673,743 | 53,502,903 | 44,713,261 |
| Shareholder's Equity | 5,516,544 | 5,050,365 | 4,751,346 |
| NIAT | 1,535,931 | 1,185,201 | 1,014,184 |
| Dividends | 585,000 | 787,500 | 630,000 |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 11.53% | 19.66% | 11.77% |
| Earning Growth | 29.59% | 16.86% | 20.10% |
| ROaA | 2.71% | 2.41% | 2.39% |
| ROaE | 29.07% | 24.18% | 23.11% |
| No. Of Shares | 45,000,000 | 45,000,000 | 36,000,000 |
| EPS | 34.13 | 26.34 | 28.17 |
| EPS Growth | 29.59% | 16.86% | 20.10% |
| Payout Ratio | 38.088 | 66.444 | 62.119 |
Valuation Ratios
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