News 2011 Dec 2011 The Banker names Samba "Bank of the Year in Saudi Arabia in 2011" It has been announced in London, the capital of England, that Samba Financial Group has been voted "Bank of the Year in the Kingdom of Saudi Arabia in 2011" following an annual survey by "The Banker" magazine, a Financial Times Limited publication specialized in banking and finance. The survey results, announcing the best performing and most efficient banks, were revealed in a ceremony attended by representatives from the leading banks in the Middle East and around the world. This is the second time Samba has been named the Best Saudi Bank in 2011, boosting its leading position in the Saudi banking sector. Earlier this year, Global Finance magazine voted Samba "Best Bank in Saudi Arabia in 2011" for the sixth consecutive year. Nov 2011 "Sambacapital" launches "Al Nafees Global U.S. dollar denominated open-ended Fund "Sambacapital", the investment arm of Samba Financial Group, has launched the "Al Nafees Global Commodities Equity Fund", a Shariah Compliant, U.S. dollar denominated open-ended fund, managed in compliance with the Investment Funds Regulations issued by the Capital Markets Authority (CMA). The Fund will invest in stocks of the most promising global companies related to the commodities sector that are expected to benefit from growing global demand for basic commodities. Oct 2011 The Banker Names Sambacapital "Most Innovative Investment Bank from the Middle East in 2011" Sambacapital, the investment arm of Samba Financial Group, has been named 'Most Innovative Investment Bank from the Middle East in 2011', by 'The Banker', a specialist international banking and finance magazine, after an annual evaluation to choose the most innovative institutional investors for the year. For 'The Banker's' Investment Banking Awards, Sambacapital showed regional supremacy in launching and providing innovative investment products and solutions, adopting advanced methodology and mechanisms, based on Sambacapital's extensive experience and knowledge in investment management and effectively directing such efforts, in accordance with its long-term vision. Sambacapital's prestigious award win from the 'The Banker' comes shortly after receiving the accolade of "Best Investment Bank in the Middle East in 2011", for the sixth time in a row, from "Global Finance". Sept 2011 Eisa Al Eisa Receives the 2011 Lifetime Achievement Award Mr. Eisa Al Eisa, Chairman of Samba Financial Group, received the "Lifetime Achievement Award for Business Sectors in the Middle East 2011" from CEO Middle East Magazine, part of the ITP Publishing Group. This award is considered to be one of the most high profile awards granted by the magazine to leading figures in the industry, with Al Eisa having been selected in recognition of his distinguished professional career and visionary leadership at the helm of Samba Financial Group, which has been reflected in his unprecedented achievements, contributing significantly to the Group's development in assuming a high ranking in the banking industry on both a local and regional level. Samba named safest bank in Saudi Arabia and ranked among the safest banks in the world Global Finance, the leading international banking and finance magazine, has ranked Samba as the safest bank in the Kingdom of Saudi Arabia and one of the safest banks in the world in 2011, following its exclusive annual survey aimed at evaluating the long-term creditworthiness of the 500 largest banks around the world. The survey was based on banks' long-term credit ratings by major rating agencies such as "Moody's", "Standard & Poor's" and "Fitch", taking into account the total assets of the banks covered in the survey, where Samba showed both local and regional superiority. Samba wins four awards from Global Finance in 2011 for best internet banking Global Finance, the specialised international banking and finance magazine, has presented four awards to Samba Financial Group in appreciation of its leading role in internet banking services across the Kingdom of Saudi Arabia and Middle East in 2011. Samba and Panda launch the Islamic Samba-Panda Credit Card Samba Financial Group, in collaboration with Panda, has launched the Samba-Panda Islamic Credit Card, the first co-branded credit card in the retail grocery field. The card provides Samba & Panda clients with a variety of exclusive benefits when they purchase from any Panda or Hyper Panda markets anywhere in the Kingdom or use the card anywhere in the world. June 2011 Sambacapital launches Al Ataa Saudi Equity Fund with a cash dividend of up to 5% per annum Sambacapital, the investment arm of Samba Financial Group, has announced the launch of a new Shariah compliant investment fund, the "Al Ataa Saudi Equities Fund," launched on Saturday, June 4th, 2011, under the umbrella of the Investment Funds Regulations issued by the Capital Market Authority. The launch reaffirms Sambacapital's status as a market leader offering innovative investment products that meet the investment needs of its customers. The Fund, the first of its kind in the local market, will distribute a cash dividend of up to 2.5% every six months or approximately 5% per year, suggestive of the expected positive investment returns of the Fund's performance. Prince Sultan bin Salman honors Samba for being "Best National Corporation for Recruiting Saudis in 2011", for the fifth time On behalf of His Royal Highness Prince Salman bin Abdul Aziz, Governor of Riyadh Region (may Allah protect him), His Royal Highness Prince Sultan bin Salman bin Abdul Aziz, President of the Saudi Commission for Tourism and Antiquities (SCTA) presented Mr. Eisa M. Al Eisa, Chairman of Samba Financial Group, with the award, "Best National Corporation in Recruiting Saudis in 2011". The award was presented by the Institute of Public Administration during their annual ceremony for the fifteenth Graduate Job fair on Sunday 22 May 2011, in recognition of Samba's efforts in employing the largest number of Institute graduates. Winning this accolade for the fifth time highlights Samba's continued leadership and initiatives to train and employ national professional talent, as well as its tireless efforts in supporting the endeavors of national institutions in human resource development and qualification, to make them eligible for careers in the labor market, spearheaded by the Institute of Public Administration. May 2011 Samba is the most highly rated and secure bank in Saudi Arabia Capital Intelligence (CI), the international credit rating agency, has affirmed Samba Financial Group's'AA-' rating, and changed the outlook from 'Stable' to 'Positive'. With this move, the Group has maintained its position as the most highly rated bank in Saudi Arabia by the major international rating agencies. Samba Sponsors the Euromoney Saudi Arabia Conference 2011 for the 6th Consecutive Year Samba Financial Group is sponsoring the Euromoney Saudi Arabia Conference 2011 being held in Riyadh in May 17th and 18th with the participation of major figures from public and private sectors, decision makers, businessmen, and with keynote speeches from local and international elite experts. Samba named "Best Bank in Saudi Arabia in 2011" Samba Financial Group maintained its position as the "Best Bank in Saudi Arabia in 2011" for the sixth consecutive year, according to an annual survey conducted by "Global Finance" Magazine, a specialized international banking and finance publication. The selection process targeted the best performing banks in the emerging markets across the Middle East, with the selection commission for the awards comprising of industry analysts, senior executives and banking consultants. The poll spanned 13 countries and the results are scheduled to be published in the magazine's May 2011 issue. Samba capital receives 3 awards from Global Finance in 2011 Sambacapital, the investment arm of Samba Financial Group, has been awarded three accolades from Global Finance magazine. The three accolades, all for 2011, are: "Best Investment Bank in the Middle East", "Best Equity Bank in the Middle East" and "Best Investment Bank in Saudi Arabia". Sambacapital was named "Best Investment Bank in the Middle East" for the sixth consecutive year since 2006. Jan 2011 Samba rated the highest bank in the Kingdom by international rating agencies Mr. Eisa M. Al Eisa, Chairman of Samba Financial Group, announced the Group's results for the financial year of 2010. Samba's net profit was SR 4435 million, reaffirming the strength of the Group's performance and its ability to overcome the challenges that the banking sector has faced both globally and regionally. The Bank achieved a net profit of SR 901 million in the fourth quarter of 2010, an increase of 8% over the same period in 2009, while revenues from banking service fees increased by 4% over the same period in 2009. Income from investments at fair value through income statement was SR 105 million compared to SR 59 million for the same period last year - an increase of 78%. Investment gains increased by 169%, along with an increase in income from other sources by 288%. The Bank's investment portfolio grew by 18% reaching SR 65 billion, while shareholders' equity increased to SR 25.6 billion compared to SR 22.5 billion for the same period last year - an increase of 14%. Samba paid SR 875 million in dividends for the first half of 2010, at 90 halalas per share (after deduction of Zakat). The Board of Directors recommends the distribution of dividends for the second half of 2010 bringing the total dividends to SR 1.65, representing 16.5% of the nominal value per share, bringing the total dividends to be distributed for 2010 to SR 1,607 million.