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.



Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
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Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)

The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion in April, reported the Saudi Press Agency on Friday. It soared to around SAR3,511 million from SAR1,158 million in the same month last year.

According to preliminary data from the International Trade Bulletin for April, published by the General Authority for Statistics (GASTAT), the total volume of non-oil trade, including re-exports, between Saudi Arabia and GCC countries amounted to around SAR18,028 million. This reflects a year-on-year growth of 41.3%, with an increase of SAR5,271 million from SAR12,757 million in April 2024.

Non-oil commodity exports, including re-exports, rose by 55%, totaling SAR10,770 million, up from SAR6,958 million in April of the previous year, an increase of over SAR3,812 million.

Meanwhile, the value of national non-oil commodity exports reached around SAR3,031 million, compared to SAR2,675 million in April 2024, achieving a year-on-year growth rate of 13.3%, with an increase estimated at SAR356 million.

Additionally, the value of re-exports surged by 81%, reaching SAR7,738 million compared to SAR4,282 million, an increase of SAR3,456 million.

Saudi Arabia’s imports from GCC countries stood at SAR7,258 million in April 2025, compared to SAR5,799 million last year, achieving a year-on-year growth of 25.2%, with an increase of SAR1,459 million.

The data indicated that the United Arab Emirates ranked first in terms of non-oil trade volume with Saudi Arabia, amounting to SAR13,533 million, representing about 75.1% of the total.

Bahrain followed in second place with a trade value of SAR1,798 million (10%), while Oman ranked third with SAR1,454 million (8.1%). Kuwait was fourth with SAR819.9 million (4.5%), and Qatar came next with a value of SAR422.1 million (2.3%).