News 2007 Dec 2007 The Banker Names Samba "Bank of the Year, 2007 in Saudi Arabia" The Banker, a premier global banking and financial magazine, has named Samba Financial Group "Bank of the Year, 2007 in the Kingdom of Saudi Arabia. The Accolade was handed to Samba during the annual ceremony for distributing 2007 awards held in London on Wednesday 28 November 2007, and attended by prominent figures of global banking and financial industry leaders. Samba Provides NCC SR 1470 Million Murabaha Term Facility Mr. Eisa Al Eisa, Managing Director and CEO of Samba Financial Group, expressed his gratitude and appreciation for the Industrialization & Energy Services Company (TAQA) for choosing Samba Financial Group as the Financial Advisor and the Lead Manager for TAQA who intends to place part of its capital for IPO during 2008. Al Eisa said "we are proud to participate in this vital stage of TAQA history, which is considered to be a prominent pillar for the national industry, with a vision and capabilities that entitle it to assume a leading role in the national industry and technology transfer". Al Eisa further ascertained that the Company's selection of Samba Financial Group is based on the solid and broad base of many IPO's managed successfully by the Group, and considered to be the largest IPOs in the Kingdom's history. TAQA Assigns Samba as the Lead Manager and Financial Advisor Mr. Eisa Al Eisa, Managing Director and CEO of Samba Financial Group, expressed his gratitude and appreciation for the Industrialization & Energy Services Company (TAQA) for choosing Samba Financial Group as the Financial Advisor and the Lead Manager for TAQA who intends to place part of its capital for IPO during 2008. Al Eisa said "we are proud to participate in this vital stage of TAQA history, which is considered to be a prominent pillar for the national industry, with a vision and capabilities that entitle it to assume a leading role in the national industry and technology transfer". Al Eisa further ascertained that the Company's selection of Samba Financial Group is based on the solid and broad base of many IPO's managed successfully by the Group, and considered to be the largest IPOs in the Kingdom's history. Nov 2007 Samba Real Estate Fund Profits Mr. Eisa M. Al Eisa, Managing Director and Chief Executive Officer of Samba Financial Group, announced that Samba Real Estate Fund's profits has jumped up by 28.26% as at the end of September 2007. The Fund's unit rose to SR12.8259, representing an annualized growth rate of 48%. This is a record performance during only 7 months since launching the Fund by Samba Financial Group in collaboration with Omar Qasem Alesayi Group, in responsiveness to the flourishing real estate market in the Kingdom and the underlying promising investment opportunities. Oct 2007 Third Quarter Results Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group announced that the Group has realized net profits of SR 3,868 million during the first nine months of 2007. The 3rd quarter profits posted SR 1,302 million against SR 1,296 million for the second quarter 2007, an increase of 0.5%, driving the profit per share to reach SR 2.17 against SR 2.16 for the second quarter 2007. July 2007 Samba Awards Rally in 2007 Boosted by 3 New Accolades Euromoney has selected Samba Financial Group for 3 of its annual prestigious awards: "Best Bank in Saudi Arabia, 2007", "Best Investment Bank in the Middle Ease and Africa 2007", and "Best Equity House in the Kingdom 2007". Samba has received the 3 accolades during a ceremony held recently in Abu Dhabi, UAE to celebrate the winners of the Magazine's annual Awards for Excellence among the banks and financial institutions in the Middle East. Samba Opens a New Branch for Islamic Banking at "Zharat Albadiah" in Riyadh Samba opened a new branch dedicated for Islamic Banking on Monday 25/6/1428h (11/6/2007) at Zharat Albadiah district in Riyadh, at the attendance of His Highness Sheikh Abdullah Al Maneia, Chairman of Samba's Shariah Supervisory Board and their eminences, members of the Supervisory Board and a crowd of Samba customers and officials. Samba Funds Won 22 Awards from SAMA's Investments Products Committee Samba Investment Funds have crowned their excellence, high performance and international standard by winning 22 awards from SAMA's Investment Products Committee (IPC), which focuses on benchmarking banking products in Saudi Banks. Samba's Real Estate Fund Realizes 19.44% since Inception Mr. Eisa Al Eisa, Managing Director and Chief Executive Officer of Samba Financial Group, announces that Samba's Real Estate Fund has realized 19.44% as return on investment in four months only after its establishment in February 2007. Such record-breaking results, in such a short period of time, reflect Samba's excellent investment outlook and signify the investment insight of the Bank, which was the first bank in the Kingdom to launch a real estate investment fund based on the enabling prospects and potentials of the real estate sector in the Kingdom. The fund is managed by Samba professionals in collaboration with Omar Qasim Al Eisaie Group Company Ltd, a partner who enjoys extensive experience in real estate investment and development, and help in securing the integrated success factors to achieve the intended results". Samba Sponsored the "Banking Governance" Symposium Samba Financial Group sponsored the Banking Governance Symposium started on Tuesday 5 Jumada I, 1428H (22/05/2007) at the Banking Institute in Riyadh, under patronage of His Highness Mr. Hamad bin Saud Al Sayyari, Governance of the Saudi Arabia Monetary Agency (SAMA). The two-day Symposium discussed in its basic sessions the concept of Corporate Governance and its role as an important tool for the prudent management of economical institutions in the Kingdom in general and banks in particular. The Symposium was attended by international specialists in corporate and banking governance who presented their papers on relevant international practices and basic concepts of corporate and banking governance. Samba's Net Profits Hit SR 2,566 Million for the First Half, 2007 Mr. Eisa Al Eisa, Samba's MD & CEO, announces that Samba Financial Group has posted net profits of SR2,566 million during the first half of 2007. The net profits of the second quarter 2007 stands at SR 1,296 million, up by 2.05% over the first quarter 2007 and lower by 7.56% compared to SR 1,402 million in the 2nd quarter 2006. Al-Eisa said that Samba has managed to grow significantly its core business activities. The net special commission income increased by 13.4% to SR 2,355 million, foreign currency exchange profits grew by 60%, net income from listed investments grew by 112%, and net investment gains grew by 93%. Total operating income for the first half 2007 dropped by 2.69% to SR3,728 million against SR3,828 million for the same period 2006, net income for the first half 2007 reached 2,566 million compared to SR2,829 million for the same period last year, down by 9%, as a result of the drop in brokerage income. "All financial indicators of the bank have increased due to the increasing operating activities of core business. This performance reflects the growth in all segments due to diversification of revenue sources, expansion of activities, careful distribution of risks, increasing care of clients, and meeting their needs through quality of services and products provided to them" Al Eisa says. He also shed light on the financial indicators and their implications that reflect the strong market value of Samba and its preeminent position in the local and regional banking sector. Samba and Saudi Arabian Airlines Signed an Agreement In line with the changing trend of the Saudi banking sector toward focusing on Islamic banking services, Samba Financial Group has signed an agreement with Saudi Arabian Airlines to launch the Samba-Al Fursan Islamic Credit Card that offers a service, which has been awaited for long time by wide a segment of Saudi customers. His Highness, Khaled Al Melhem, General Director of Saudi Arabian Airlines, and His Excellency Eisa Al Eisa, Managing Director and CEO of Samba Financial Group, signed the Agreement during a ceremony that took place on Sunday 16/6/1428 (01/7/2007), at the Saudi Arabian Airlines' Headquarters in Jeddah. Members of Senior Management from both sides attended the event. June 2007 Samba Launches Al-Khair Ladies Credit Card In line with its endeavors to fulfill the dire need for a Shariah compliant credit card for ladies, Samba Financial Group has launched Monday 3 Jumada II (corresponding to 18 July, 2007), the Shariah compliant Al-Khair Ladies Credit Card during a Ceremony organized for ladies in Nayyara Hall in Al Riyadh under patronage of Her Highness Princess Fahdah Al Hathleen, wife of His Royal Highness Prince Salman Bin Abdulaziz, Riyadh Governor, with the presence of a number of ladies and female journalists. Samba"Best Investment Bank in the Middle East and North Africa, 2007" Global Finance, a premier global banking and financial magazine, has named Samba Financial Group for the second year in the row "Best Investment Bank in the Middle East and North Africa, 2007". Judges have chosen Samba to win this prestigious accolade because of the distinction and supremacy of its investment services, after evaluating many financial and banking institutions in the Middle East and Africa for the past 12 months, using a wide range of criteria. Samba Launches Sambamobile Mr. Eisa M. Al Eisa, Managing Director and CEO of samba Financial Group, announced that Samba launched its new innovative service, Sambamobile Banking, which will provide samba.com customers with a new e-service channel that will enable them perform a bundle of banking services using GPRS technology. Samba Named "Best Bank in Saudi Arabia, 2007" Once again, and for the second consecutive year, Global Finance has chosen Samba Financial Group for its prestigious award: "Best Bank in Saudi Arabia, 2007". The Award signifies Samba's optimal performance and provision of world-class services. A dedicated research team and awards panel selected Samba for the Award after evaluating and rating all submissions from the Kingdom's banks and financial institutions, based on several factors and qualitative and quantitative criteria, such as key performance indicators, financial ratios, deals volumes and innovation over the previous 12 months period . Samba wins the "Deal of the Year" Award, 2007 for Saudi Arabia The Banker, a premier global banking and financial magazine, has chosen Samba Financial Group to win the Banker's "Deal of the Year" Award for 2007 for Saudi Arabia for arranging the largest Islamic financing deal in the Middle East and North Africa, comprising underwriting facilities to SABIC amounting to USD 2.43 billion. Samba Launches Direct Mobile Share Trading Service Samba Financial Group launched its direct mobile share trading service for the first time in the Kingdom, enabling Samba Tadawul clients transact directly through their mobiles and giving them access to several services such as watching the market and executing purchase and sell orders in the real time and with high efficiency. May 2007 Samba Won the Year's Best National Institution for Employment His Royal Highness Prince Salman Bin Abdulaziz, Riyadh Governor, handed over to Mr. Eisa Al Eisa, Samba's Managing Director and CEO, the 1427/1428 "Best Employment" Award, granted annually from the Institute of Public Administration to the best national institution that employs the largest number of the Institute's graduates, and in appreciation to Samba's efforts in sponsoring the "Eleventh Graduate and Job Day" organized by the Institute on Sunday 10/5/1428 (27/5/2007), under patronage of his Royal Highness Prince Salman Bin Abdulaziz, Riyadh Governor. Samba Launched "My Salary" Program, with Unprecedented Advantages Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group, announces that Samba has launched "My Salary" Program, which is the first if its kind in the Kingdom in terms of its advanced advantages. "The purpose of the Program is to provide a bundle of unique Samba banking services to different classes in the community, Saudis and expatriates, and enable them to enjoy all advantages once the person transfers his Salary to Samba and joins the program. Existing Samba clients, who already have their salaries transferred to Samba, will benefit from "My Salary" Program", Al Eisa indicated. Samba Jumps 15 Positions and Ranked 66 among Global Banks Mr. Eisa M. Al Eisa, Samba managing Director and CEO, emphasized that Samba's achievements are no more confined to local level, but its resounding reputation is highly ranked by the international rating institutions. He was commenting on the Financial Times ranking results published recently, according to which Samba Jumped 15 positions to be ranked 378 (with market value USD 23.6 billion) among the top 500 global companies in terms of market value as at the end of the first quarter 2007, whereas it was ranked 393 in the last list at end of 2006. Samba also advanced to position 66 among the top banks in terms of market value. Samba Real Estate Fund Starts its Real Estate Projects in the Kingdom Samba Financial Group announced the inception of the first Investment Projects under its Real Estate Investment Fund (SREF), which was launched early this year, 2007, as the first Real Estate Fund in the Kingdom in cooperation with Omar Al Eisaei Group (a Real Estate Company), which manages and develops the projects under the umbrella of the Real Estate Fund Regulations issued by the Capital Market Authority. All fund transactions are Shariah compliant. Samba Launches Direct Mobile Share Trading Service Samba Financial Group launched its direct mobile share trading service for the first time in the Kingdom, enabling Samba Tadawul clients transact directly through their mobiles and giving them access to several services such as watching the market and executing purchase and sell orders in the real time and with high efficiency. Samba, the best employer in the private sector for 2006 - 2007 His Royal Highness Prince Salman Bin Abdulaziz, Governor of Riyadh, presented Mr Eisa Al-Eisa, Samba's Managing Director and CEO, with the 1427/1428 Best Employment Award, awarded by the Institute of Public Administration to the national institution that employs the largest number of the Institute's graduates. This award is in appreciation of Samba's efforts in sponsoring the Eleventh Graduate and Job Day, which was organized by the Institute on Sunday 10/5/1428 (27 May 2007), under patronage of the Governor. April 2007 675 MM Shares in Saudi Kayan will be placed for Subscription on Saturday Samba Financial Group announced the finalization of all preparations to start subscription in "Saudi Kayan", SABIC newest Affiliate, on Saturday 11/4/1427 (28/4/2007), the largest IPO ever in the Kingdom's History. Al Eisa: Samba realized net Profits SR 1,270 million for first quarter 2007 Samba Financial Group (Samba) has announced its results for the first quarter ended March 31, 2007. Mr. Eisa Al-Eisa, Samba's MD & CEO, released the following commentary on the results and operations for the quarter. Al Eisa confirmed Samba's Readiness to start Saudi Kayan IPO on 28/4/2007 Mr. Mutlaq H. Al-Morished, Chairman of Saudi Kayan Petrochemical Company, anticipated that Saudi Kayan IPO will generate unprecedented level of subscription in the Kingdom's IPO history due to high demand in the market for petrochemical companies, which constitute highly attractive investment opportunities. He expressed his confidence in Samba to manage this IPO in comparable efficiency of managing other previous huge IPO's, specially Yensab, indicating that petrochemical sector has become a vital industry that witnesses accelerating growth not only on the local level, but on the global level as well. Samba has Officially Acquired 68% of Crescent Commercial Bank Ltd. of Pakistan Mr. Eisa M. Al-Eisa, Samba Managing Director and CEO, announced that Samba Financial Group has finalized acquisition of 68% of Crescent Commercial Bank Limited in Pakistan (CCBL), through acquiring 600 million shares in CCBL valued PKR 6 billion (USD 100 million). Both banks have finalized all legal procedures and official requirements and secured all relevant approvals and permits during a short period of time thanks to samba's established track record in this area, and the welcoming attitude of the Pakistani Government and people. Accordingly, the CCBL Board of Directors has been re-constituted to properly reflect Samba's 68% ownership in the Bank. March 2007 Eisa M. Al Eisa, Middle East Banking Industry CEO of the year 2007 Eisa Al-Eisa, Managing Director and Chief Executive Officer of Samba Financial, has been named the 2007 Middle East's CEO of the Year in Banking and Financial Industry by the Middle East Excellence Awards Institute. Mr Al-Eisa received his award at the dinner held on Wednesday 21 March 2007 in the Al Falak Ballroom of Dubai's Burj Al Arab Hotel, attended by prominent figures among them were Ministers, Ambassadors, decision makers from public and private sectors, and others. Jan 2007 2006 Results His Excellency Mr. Eisa M. Al-Eisa, Samba Managing Director and CEO, announced that Samba Financial Group has realized the highest quarterly net profits ever in its history raising significantly its 2006 net profits to SR 5.2 billion, an increase of 30% versus 2005 net profits of SR 4.00 billion.