The bank’s net profit increased by 45.1% in 2023 to $1.9 billion. By the end of 2023, SAB’s mortgage portfolio grew by 27% to hit $7.4 billion. HSBC Holdings B.V holds 31% of the bank, while Olayan ...
Bahrain: HSBC Bahrain has been recognized as the Best Trade Finance Provider in the country, securing the top position for ...
In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at ...
In 2019, it merged with Alawwal Bank and changed its name to Saudi Awwal Bank (SAB – الأول ... the bank completed the sale and transfer of certain lines of business from HSBC Saudi Arabia to the ...
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