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SAMBA FINANCIAL GROUP
Intel strikes deal with a chip startup its CEO invested inIntel, which has lagged in making chips for artificial intelligence, is turning for help to a startup that its CEO helps lead as an investo...- Intel nears $1.6 billion deal for AI startup SambaNova: ReportThe Palo Alto-based startup, which designs custom AI chips, was valued at $5 billion in 2021, following a $676 million funding round led by...
- CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 2...
- Saudi National Bank chair resigns in wake of Credit Suisse lossAmmar Al Khudairy said on March 15 that the biggest Saudi bank by assets could not buy more shares in Credit Suisse on regulatory grounds.
- Saudi pilgrimage complex developer converts $1.4 billion debt to equityThe company operates the Jabal Omar complex of hotels and residential and commercial property within walking distance of the Grand Mosque i...
- CapitaLand Investment appoints Gauri Shankar Nagabhushanam as CEO of India Business ParksShankar will bring more than 20 years of experience to the role and will succeed Mr Vinamra Srivastava, who will relocate to Singapore to a...
- Saudi National Bank posts 20% rise in quarterly profitSNB reported a net profit of 3.4 billion riyals ($907 million) for the quarter that ended on March 31, up from 2.8 billion riyals in the sa...
- Oil giant Aramco may have to sell assets, borrow more to maintain Saudi dividendWhile Saudi Arabia has increased non-oil revenues this year, Aramco still accounted for more than half its total income, and will be key to...
- Saudi government signs supply chain finance agreements with three banksUnder the agreements, Samba Financial Group, National Commercial Bank and Saudi British Bank (SABB) will provide funding to government agen...
- Major Gulf markets dip as financials declineSaudi Arabia's benchmark index slipped 0.3%, with National Commercial Bank losing 1% and Samba Financial Group shedding 1.2%.
- Most Gulf markets rise; Qatar bourse slipsSaudi Arabia's benchmark index edged up 0.1%, with National Commercial Bank, the country's largest lender, rising 0.8%, extending gains fro...
- Saudi Arabia's National Commercial Bank buys Samba Financial Group in $14.8 bn dealThe bank will control some USD 223 billion in assets and a market capitalisation of USD 46 billion after the merger wins regulatory approva...
- Major Gulf markets gain as financial shares riseNational Commercial Bank, the kingdom's biggest lender, entered a binding merger agreement with smaller lender Samba Financial Group to cre...
- Bankers keep Vision Fund going with rubber bandsA likely scenario is that the Vision Fund will once again find bankers willing enough to front the required money, but one would expect (ho...
- Hurriyat leaders gave terrorist reference to get Pakistan visa: NIA"He (Ashiq Baba) obtained his visas after getting reference letters from Huriyat leaders Syed Ali Shah Geelani, Gani Bhat and Maulana Umar ...
- NRI Samba Natarajan appointed CEO of digital division of Singtel in SingaporeGroup Digital Life is a division of Singtel that focusses on digital marketing, regional premium video, and advanced analytics.
- Banks should open 25 pc branches in unbanked areas: RBIGiving further direction to bankers, Subbarao said that it has agreed to take forward financial inclusion programme more meaningfully in J&...
- Gulf banks stronger than Western counterparts: Report'Banks in the GCC have been resilient in the face of recent global financial shocks and benefit from strong government support.'
- Saudi Arabia's real GDP to reach 4 pct this yearSaudi Arabia's economy will grow by 4 per cent this year as oil production increases, while inflation in the biggest Arab economy will stab...
- Sabic takes a 2.4% hit on payout newsSaudi Basic Industries, the world’s biggest chemicals maker by market value, fell after the company announced its 2007 dividend and share b...
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