Moody's Confirms Samba's Solvency, Capital, Asset Quality

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Moody's Confirms Samba's Solvency, Capital, Asset Quality

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Moody's confirmed that Samba Financial Group maintained its advanced credit rating with stable prospects in line with the stable outlook for the A1's sovereign rating, supported by the Group's high solvency, strong liquidity, high flexibility against asset risk and high profitability reduces the likelihood of a decline in the Group's credit rating.

Moodys based on Samba's creditworthiness report issued in September was based on a number of topics related to the financial and liquidity register, the equity and equity ratio of the capital base, and flexible asset qualities and profitability levels. By analyzing these indicators, Samba showed strength in its indicators, which gives an optimistic view of its ability to develop profitability.

The quality of SAMBA's assets showed a remarkable stability to a greater degree than its counterparts from other banks. Samba's strategy to reduce market risk was positive, with 72.6 percent of the Investment Records attributable to state and semi-party parties, while the ratio of non-lending to total loans was low, in a positive sign compared with local Saudi banks. With regard to the capitalization axis and profitability, Moody's strong capital reserves confirmed the high capacity to withstand credit losses that can be generated by core and negative expectations.

Samba also maintained a strong share of tangible assets of 18.4 per cent of tangible assets, reflecting a positive achievement that exceeds the gender equality of international and local gender equality. According to the analytical mechanism adopted by Moody's, the capital adequacy ratio for Tier 1 Tier 1 was 22.7 percent according to Basel III and 23.3 percent capital adequacy ratio, which strengthens the positive outlook for the bank's market capitalization over the period 12 to 18 months ahead.

With regard to the bank's strong financing and liquidity ratio, supported by strong domestic deposits, it is noted that the acquisition of the market refinancing item for tangible bank balances was 5.6% and much lower than the average of 18.1%.

Reporting the bank's ability to maintain its deposit stability despite limited confidence for market funding. During the past 18 months, Samba has had the opportunity to maintain its deposit stability and low demand levels. The bank's liquidity ratio remains strong, enabling short-term deposit fluctuations with positive expectations of earnings. With a strong liquidity position based on the bank's reputation, its leading brand and private bank.

Based on these positive indicators, Moody's revealed that it expects Samba to maintain strong earnings levels that support its credit points, and that, thanks to credit growth and lower operating costs, Samba can overcome any supply pressures.

Samba has recorded the highest profit in the bank's history since its start in the second half of 2018.

Moody has stated in its report that Samba's efficiency and high credit rating was due to the Bank's increasing dependence on banking technology, strong banking culture, commitment to overall quality standards for business management, strong business business and its active operations in project finance, cash management, financial products and corporate finance.



Mawani Reports 13% Growth in Container Handling at Ports in May 2025

Mawani Reports 13% Growth in Container Handling at Ports in May 2025
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Mawani Reports 13% Growth in Container Handling at Ports in May 2025

Mawani Reports 13% Growth in Container Handling at Ports in May 2025

Ports supervised by the Saudi Ports Authority (Mawani) recorded a 13% increase in container handling during May 2025, reaching 720,684 twenty-foot equivalent units (TEUs), compared with 639,736 TEUs in the same period last year.

Transshipment containers increased by 12.89%, totaling 149,143 TEUs compared to 132,112 last year. Imports also grew by 15.84%, reaching 292,223 TEUs, compared to 252,265 TEUs in May 2024, SPA reported.

Outgoing containers increased by 9.38%, totaling 279,318 TEUs compared to 255,359 TEUs in the same month last year.

Total handled cargo—including general cargo, solid bulk, and liquid bulk—increased by 1.40% to reach 21,337,699 tons, up from 21,042,684 tons in the corresponding period of 2024. This total includes 935,932 tons of general cargo, 5,059,899 tons of solid bulk cargo, and 15,341,868 tons of liquid bulk cargo.

The ports also received 1,635,489 heads of livestock, marking a 61.22% increase from 1,014,417 in the same period last year. Maritime traffic rose by 9.39%, with 1,083 vessels received compared to 990 last year. Passenger numbers increased by 68.15% to 95,231, up from 56,636 in May 2024. The number of vehicles grew by 13.09% to 84,352, compared to 74,590 last year.