Samba Financial Group

Company description

Samba Financial Group, is a large banking firm in Saudi Arabia. The combined institution had 66 branches in the Kingdom. Its international operations consist of a branch each in London, Qatar and Dubai, as well as a subsidiary that has 28 branches across major cities in Pakistan.

The Saudi American Bank as it was once known, was established on February 12 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi nostrification program that forced all foreign banks to convert their branches to affiliates with Saudi nationals acquiring at least 60% ownership. Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank.

Company details


Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • May 28, 2019

    ACCIONA reaches financial close for desalination plant in Saudi Arabia

    ACCIONA, a leading company in the development of water infrastructure, together with Marubeni Corporation, Almar and Rawafid Alhadarah Holding Co., has achieved the financial close for the Shuqaiq 3 d...

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  • March 05, 2019

    Financial close for US$700 million desalination PPP in Saudi Arabia

    ACWA Power has announced the successful signing of senior financing and hedging agreements for the SR2.625 billion (US$700 million) Rabigh-3 Independent Water Project (IWP).

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  • June 01, 2016

    DP World announces new $1.2 billion Sukuk to be listed on Nasdaq Dubai

    DP World has announced that the company has raised US$1.2 billion in a new 7-year sukuk, the Arabic commonly referred to as "sharia compliant" bonds, set to be listed on NASDAQ Dub...

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  • October 22, 2013

    DP World refinances Callao port terminal

    DP World has refinanced Callao container terminal in Peru, according to different sources.

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