News 2006

July 2006


Samba Opens the Gulf Shares Trading Unit
Al Eisa: Samba enables its Clients to trade in Shares of Companies Listed in the Gulf, Egypt, Jordan and Morocco's Capital Markets

Samba Financial Group announces the opening of the Gulf Shares Trading Unit, thus providing its customers with investment opportunities to trade conveniently in GCC, Egyptian, Jordanian and Moroccan shares.

Opening an international brokerage account will enable the clients to invest easily in GCC, Egyptian, Jordanian, Moroccan shares as well as American, Japanese, Asian and European market shares. Samba Investment Centers provide brokers who can handle the orders quickly and flexibly coupled with competitive prices and outstanding services.

Mr. Eisa Al Eisa, Samba Managing Director and CEO said "Samba endeavors to render best services to its clients and develop new innovative investment channels to enable its clients avail of a variety of local and global shares investments, government bonds, Trading currencies and metals, short term securities, as well as lease and Murabaha transactions.

Mr. Al-Eisa highlighted the remarkable recognition Samba received from several reputable world-wide institutions which rewarded Samba for its outstanding performance in several areas, such as being named "Best Bank in Saudi Arabia 2006" and "Best Investment Bank in the Middle East & Africa 2006" by Global Finance Magazine; "Best Bank in Saudi Arabia 2006" and "Best Treasury Bank in the Middle East 2006" by Euromoney; as well as granted the Banker Technology Award 2006 from the Banker Magazine.

Mr. Al-Eisa added, Capital Intelligence, a leading world-wide rating Agency, has upgraded Samba's Long Term Foreign Currency Rating to A+ from A and is the highest in the Kingdom and its rating is also on par with Saudi Arabia's Sovereign long-term rating.