News 2014

July 2014

Samba donates the construction of 500 houses for needy families

His Excellency, Mr. Eisa Bin Mohammed Al Eisa, Chairman of Samba Financial Group, announced the donation of the Group to build new furnished houses for 500 needy families, the costs of which to be totally held by the Group, as part of an integrated plan developed by the Group to provide decent housing for the people of this generous country over the next five years, in various regions of the Kingdom, in line with the vision of the Government of the Custodian of the Two Holy Mosques that put the citizens as the focus and priority for development in this country.

June 2014

Samba launches a new SambaMobile Application for smart phones and tablets

With smartphones increasingly becoming an integral part of modern life, Samba has reinvented mobile banking yet again with the roll out of an all-new SambaMobile smartphone and tablet app that’s faster, more secure, more intuitive, easier to use, and filled with new location-based features, including the unique ability to find special offers in the Kingdom and at popular destinations abroad including New York, London and Dubai.

May 2014

Samba and MasterCard sign historic debit card partnership Agreement

Samba and MasterCard have signed an agreement migrating Samba ATM Cards, the Kingdom’s leading banking cards, presently carrying the ‘Maestro’ mark into Samba MasterCard Debit cards. The agreement was signed in New York on March 28 by Mr. Eisa Al Eisa, Chairman of Samba, and Mr. Ajay Banga, President & CEO of MasterCard Worldwide.

March 2014

Samba Arranges long term financing facilities worth SAR 7.2 billion for Saudi Arabian Airlines

Samba Financial Group along with a consortium of banks has provided Shariah-compliant financing facilities to Saudi Arabia Airlines worth SAR 7.2 billion. The transaction enabled Saudi Airlines to purchase 26 aircrafts of different types, which the official carrier of the Kingdom of Saudi Arabia added to its fleet to operate on international lines and raise its capacity to meet the expansion and development plans of Saudi Arabian Airlines. Samba has assumed the role of Facility Agent and Security Agent for the facility.

February 2014

Samba Capital appointed Financial Advisor and Lead Manager for Saudi Airlines Cargo Company's IPO

Saudi Airlines Cargo Company (Saudi Cargo), a Saudi subsidiary of Saudi Arabian Airlines, has entered into an agreement with Samba Capital & Investment Management Company (Samba Capital), the investment arm of Samba Financial Group, to act as the Financial Advisor and Lead Manager for the IPO of Saudi Cargo which intends to list its shares on the Saudi Arabian Stock Exchange. The Agreement was signed by His Excellency Engineer Khalid bin Abdullah Al-Melhem, Chairman of Saudi Airlines Cargo Company and His Excellency Mr. Eisa bin Mohammad Al Eisa, Chairman of Samba Capital. The signing ceremony was attended by a number of senior executives from both sides.