The general evaluation of SAUDI NATIONAL BANK (SA), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 4, 2022, the closing pr...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Negative sentiment, but positive signals overlooked. A number of negative developments erupted over the past year, triggering selling pressure, leaving most of our Saudi banks coverage close to one-year lows. These include: i) the IMF cutting 2019e GDP growth to 0.2% from 1.9%, ii) Fitch downgrading Saudi’s credit rating by one notch, iii) the strike on Aramco’s facilities in Sep-19, and iv) oil prices stabilising at relatively lower levels (
Announcement: Moody's: Saudi Arabia's big-5 banks could face further profitability pressures as government tightens spending. Global Credit Research- 09 Aug 2017. Limassol, August 09, 2017-- Profitability at the five largest Saudi banks could be pressured going into 2018 as lower government spending impacts negatively on economic growth, in turn dampening credit demand and weakening corporate, and to a lesser extent, consumer borrowers' ability to repay debt, says Moody's...
FINANCIAL INSTITUTIONS ISSUER PROFILE 2 August 2017 TABLE OF CONTENTS Company Overview 1 Financial Highlights 2 Business Description 3 Distribution Channels 4 Ownership Structure 5 Subsidiaries 5 Company Management 6 Company History 7 Peer Group
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