Samba Financial Group
Region
Asia
Country
Saudi Arabia
Company description
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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.
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
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The company has not participated in any projects.
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List of the updates in which the company was involved
Company updates
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September 09, 2020
Financial close for 900MW solar PV project in UAE
ACWA Power has completed the signing of all financing agreements of the 900 MW solar PV project, Shuaa Energy 3 PSC, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai....
Read more -
December 15, 2016
Dubai's 2,400 MW Hassyan coal IPP achieves FC
Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400 MW Hassyan clean coal power project.
Read more -
April 15, 2016
Financial close expected for H2 2016 for Dubai IPP
Acwa Power and Harbin Electric have plans to achieve financial closure for the 1,200 MW Hassyan clean coal power project in Dubay by the second half of 2017.
Read more
