Samba Financial Group

Company description

 
Samba Financial Group, is a large banking firm in Saudi Arabia. The combined institution had 66 branches in the Kingdom. Its international operations consist of a branch each in London, Qatar and Dubai, as well as a subsidiary that has 28 branches across major cities in Pakistan.

The Saudi American Bank as it was once known, was established on February 12 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi nostrification program that forced all foreign banks to convert their branches to affiliates with Saudi nationals acquiring at least 60% ownership. Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank.

Company details

City:
Riyadh

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • September 09, 2020

    Financial close for 900MW solar PV project in UAE

    ACWA Power has completed the signing of all financing agreements of the 900 MW solar PV project, Shuaa Energy 3 PSC, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai....

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  • December 15, 2016

    Dubai's 2,400 MW Hassyan coal IPP achieves FC

    Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400 MW Hassyan clean coal power project.

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  • April 15, 2016

    Financial close expected for H2 2016 for Dubai IPP

    Acwa Power and Harbin Electric have plans to achieve financial closure for the 1,200 MW Hassyan clean coal power project in Dubay by the second half of 2017.

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