News 2009

Dec 2009

Eisa Al Eisa Wins the Euromoney QFC Lifetime Achievement Award for Outstanding Contribution to Financial Services in the Middle East

Mr. Eisa M. Al Eisa, the Managing Director and CEO of Samba Financial Group, has won the 2009 Euromoney QFC Lifetime Achievement Award for Outstanding Contribution to the Development of Financial Services in the Middle East.. This is only the 4th time a CEO from the Arab world has won the prestigious award, which Al Eisa received at a ceremony at the Four Seasons Hotel in Doha, Qatar. The event was attended by prominent figures and representatives of leading financial and banking institutions in the region. Euromoney commented on the Award by saying, "Al Eisa has proved that local is best. After parting with Citi in 2003, Samba has thrived under Al Eisa's leadership.

emeafinance has chosen Samba Dubai to win the "Best New Bank in the UAE award"

Samba Dubai has won the emeafinance's "Best New Bank in the UAE Award" for its achievements and success since obtaining its banking license and launching the business in Dubai, UAE, irrespective of the global financial turmoil. emeafinance is an international magazine specializing in monitoring and analyzing banking and financial businesses in Europe, the Middle East and North Africa.

Samba and Deutsche Bank Sign Collaborative Agreement for Account Services

Samba Financial Group today announced that they have signed a bilateral Agreement with Deutsche Bank, enabling Samba to provide its corporate customers extended banking services across the world, leveraging Deutsche Bank's highly scalable cash management product suite.

Sep 2009

Samba announced growth of 4% for the first half of 2009

His Excellency, Mr. Eisa Al-Eisa, the MD & CEO of Samba Financial Group has announced its financial results for the first half ended June 30, 2009. Samba's 1H09, our Net Income was SR 2515 million - higher 4% compared to SR 2425 million over the same period last year. Total Operating income at SR 3807 million compared to SR 3667 million last year registered a growth of 4%. The earnings per share for the period was SR 2.79 compared to SR 2.69 for the same period in 2008. As a result of this, our annualized ROA and ROE were 2.83% and 24.81% respectively whereas we were consistently successful in maintaining strong Revenue to Expense ratio of 3.82 . We were also able to keep expenses growth at 3.5% compared to 2Q08.

May 2009

Samba Signed with SEC a SR 2 Billion Employee Housing Finance Agreement

Samba Financial Group signed last Sunday May 17, 2009 a financing agreement with Saudi Electricity Company, a first of its kind in the Kingdom of Saudi Arabia, to facilitate extension of housing finance amounting to SR 2 billion to SEC employees, in an initiative through which Samba aspires to participate in providing funding for a wide segment of citizens to own their private houses under facilitated financing schemes.

Apr 2009

Samba Signs Technology Strategic Alliance Agreement with Microsoft to Undertake Saudi Youth Development Programs

Samba Financial Group has announced a strategic alliance with Microsoft Arabia to undertake technical training under the umbrella of Samba's social responsibility programs for the development of Saudi Youth.

Samba Launches its 2009 Program for Saudi Youth Training and Development

Samba Financial Group unveiled recently its new Corporate Social Responsibility Strategy focusing on the development of Saudi youth, based on the Group's previous related experience and efforts. The initiative incorporates a series of comprehensive training programs of the highest professional standards aimed at further training university and institute graduates and developing their basic skills to imply job market's requirements and prepare them for employment across different sectors.

Samba's 2009 first quarter results show a 54% increase over the 4th quarter of 2008

Samba Financial Group has announced its results for the first quarter ended March 31, 2009. Mr. Eisa Al-Eisa, Samba MD and CEO, commented on the positive results:

March 2009

Eisa M. Al-Eisa Named "Best CEO for Banking Sector in Saudi Arabia 2009"

Mr. Eisa M. Al-Eisa, Managing Director and Chief Executive Officer of Samba Financial, has been named "Best CEO in Banking and Financial Institutions Sector in Saudi Arabia for 2009" by CEO Middle East magazine, a member of the ITP Executive Publishing Group. Al Eisa received the award on Sunday 22nd March during a ceremony at the Intercontinental Hotel in Riyadh. The event was attended by over 250 prominent figures, including decision-makers, CEOs and financial experts from a number of private and public institutions. The award had been organized for the first time in the Kingdom of Saudi Arabia in order to honor business leaders who have played a significant role in the development of various sectors within the country.

Samba launches 'new generation' online banking platform

Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group, announced the recent launch of Samba's 'new generation' online banking platform. The new Samba banking website was designed by specialists and offers improved features and functionality. This enables customers to access a wide range of banking services and products, conveniently and securely using advanced applications.

Jan 2009

Al-Eisa gives Tony Blair a personal briefing on Samba's leading role in the local and regional banking sector

Mr. Eisa M. Al Eisa, Managing Director & CEO of Samba Financial Group, received Tony Blair, the Middle East Quartet Peace Envoy and former UK Prime Minister, at the Samba head office in Riyadh. Top Samba executives joined Al-Eisa in welcoming Blair who was accompanied by his team.

Samba named "Best Bank for Risk Management in the Middle East in 2009"

Samba Financial Group has been named "Best Bank for Risk Management in the Middle East in 2009" by Global Finance Magazine, in the context of its annual Treasury and Cash Management Awards. Samba was chosen for the award by a panel consisting of the magazines' editors, with input from industry analysts, corporate executives and consultants. Various subjective and objective criteria were used to select the winners. Key factors considered included: profitability; market share and reach; customer service; competitive pricing; product innovation; and the extent to which treasury and cash management banks have successfully differentiated themselves from their competitors around core treasury and cash management service provision.

Samba Posts SR 4.5 Billion Net Profit for 2008

Eisa M. Al-Eisa, Managing Director & CEO of Samba Financial Group, recently announced Samba's financial results for the year ended December 31, 2008.

The American University of Beirut (AUB)Appoints Eisa Al Eisa to its Board of Trustees

The American University of Beirut (AUB) has appointed Mr. Eisa M. Al-Eisa, Managing Director & CEO of Samba Financial Group, to its Board of Trustees. The Board is collectively responsible for overseeing the university's welfare and the fulfillment of its mission. In keeping with the university's strategy since its establishment over a century ago, the Board is composed of prominent individuals from varied backgrounds including academics, business people, scientists and physicians. They bring distinctive areas of expertise and potential, enriching the Board and helping it pursue its shared vision about the importance of a university education and how AUB can fulfill its role.

To Support our Brotherly Palestinians in Gaza Strip

In response to the fund raising call from Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz, and in harmony with the vital role of the Kingdom in supporting the war-torn Palestinians, Samba Financial Group has donated SR 1 million to alleviate suffering of the Palestinian people in Gaza Strip.