Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Saudi Arabian Stock Exchange  >  Banque Saudi Fransi    1050   SA0007879782

BANQUE SAUDI FRANSI

(1050)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Banque Saudi Fransi : Credit Agricole sells its remaining stake in Banque Saudi Fransi

share with twitter share with LinkedIn share with facebook
09/28/2020 | 09:14am EDT

DUBAI, Sept 28 (Reuters) - Credit Agricole CIB has sold its remaining 4% stake in Banque Saudi Fransi to two Saudi government-related institutional investors in a deal worth 1.45 billion riyals ($387 million), the French bank said on Monday.

Credit Agricole started the sale of its 31% stake in Banque Saudi Fransi, valued at nearly $2.4 billion, in 2017.

The move came as banks around the world sold minority stakes in other lenders amid new global rules requiring them to hold more capital against those holdings.

Two Saudi government-related institutional investors paid 30 riyals per share for Credit Agricole's remaining 4% stake, the bank said in a statement, without naming them.

"Crédit Agricole CIB remains highly confident in Saudi Arabia’s economic perspectives ... and plans to further develop its direct presence to extend its activities in the country," Jacques Ripoll, chief executive officer of Crédit Agricole CIB, said in the statement.

The bank has started a process to apply for a licence that would allow it to operate in Saudi capital markets, he said.

($1 = 3.7506 riyals) (Reporting by Davide Barbuscia; editing by Jason Neely and Mark Potter)


Stocks mentioned in the article
ChangeLast1st jan.
BANQUE SAUDI FRANSI 0.31% 32.6 End-of-day quote.-13.98%
CRÉDIT AGRICOLE SA 0.65% 7.436 Real-time Quote.-42.47%
share with twitter share with LinkedIn share with facebook
All news about BANQUE SAUDI FRANSI
09/28BANQUE SAUDI FRANSI : Credit Agricole sells its remaining stake in Banque Saudi ..
RE
09/28CREDIT AGRICOLE : Sells Remaining Stake in Banque Saudi Fransi
DJ
05/14BANQUE SAUDI FRANSI : Ex-dividend day for final dividend
FA
02/04Taps open for Saudi listings after Aramco's record IPO
RE
2019BANQUE SAUDI FRANSI SJSC : Ex-dividend day for interim dividend
FA
2019BANQUE SAUDI FRANSI SJSC : Ex-dividend day for final dividend
FA
2018BANQUE SAUDI FRANSI SJSC : Ex-dividend day for interim dividend
FA
2018Ex-CEO of Banque Saudi Fransi under travel ban amid probe into staff bonus br..
RE
2018BANQUE SAUDI FRANSI SJSC : Ex-dividend day for final dividend
FA
2018Prince Alwaleed's release to reassure investors in global portfolio
RE
More news
Financials
Sales 2020 6 842 M 1 824 M 1 824 M
Net income 2020 2 354 M 628 M 628 M
Net Debt 2020 - - -
P/E ratio 2020 17,0x
Yield 2020 3,71%
Capitalization 38 977 M 10 393 M 10 393 M
Capi. / Sales 2020 5,70x
Capi. / Sales 2021 5,54x
Nbr of Employees 2 952
Free-Float 55,5%
Chart BANQUE SAUDI FRANSI
Duration : Period :
Banque Saudi Fransi Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANQUE SAUDI FRANSI
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 11
Average target price 27,37 SAR
Last Close Price 32,60 SAR
Spread / Highest target 11,7%
Spread / Average Target -16,1%
Spread / Lowest Target -41,7%
EPS Revisions
Managers
NameTitle
Rayan bin Mohammed Fayez Chief Executive Officer & Managing Director
Mazen Abdul Razak Sulaiman Al-Romaih Chairman
Thamer M. Yousef Chief Operating Officer & Head-Information Systems
Abdullah Ali Al Khalifa Chief Financial Officer
Khalid Hamed Hamed Al-Mutabagani Independent Director
Sector and Competitors