![]() Saudi National Bank's chairman last week said the bank was not looking at any international acquisitions and was instead focused on growth in the Saudi market. Investment in Credit Suisse formed less than 0.5% of the Saudi lender's total assets of more than 945 billion riyals as of last December. UrPay Exchange Rate to Pakistan today: 58.92 PKR Tahweel Rajhi Exchange Rate to Pakistan today: 59.46 PKR STC Pay. From these rates you can easily calculate how much 1000, 100 or 10 SAR Currency Notes are equivalent to Indian Currency. With the Latest Exchange rates you can get an approximate value for your Saudi Riyal(SAR) into Indian Rupees(INR). I have compared the exchange rates offered by the above 5 best money transfer services in Saudi Arabia on Dec 17, 2022. STC Pay exchange rates according to Open Market and Local Market Exchange center. Saudi National Bank's statement added that the potential impact to its capital adequacy ratio is about 35 basis points, with no impact on profitability. While remitting money, you would like to go with a bank that offers the best exchange rate in Saudi Arabia. Swiss authorities had announced on Sunday that UBS would acquire its rival for $3.23 billion as part of a wider state-backed rescue plan. Currency converter The converter shows the conversion of 1 Saudi riyal to Indian rupee as of Monday, 20 March 2023. Free online currency conversion based on exchange rates. "Changes in the valuation of SNB's investment in Credit Suisse have no impact on SNB's growth plans and forward-looking 2023 guidance," Saudi National Bank said in a bourse filing on Monday. 1 21.9834 Saudi riyal to Indian rupee rate today. That means Saudi National Bank is sitting on a loss of roughly $1.17 billion on its investment, Reuters calculations show. The UBS offer of 3 billion Swiss francs ($3.23 billion) values Credit Suisse shares at 0.76 francs each, more than 80% lower than the price paid by the Saudi bank. Saudi National Bank bought 307.6 million Credit Suisse shares for 3.82 Swiss francs ($4.11) per share. ![]() The Saudi lender, the kingdom's largest by assets, acquired almost 9.9% of Credit Suisse for 5.5 billion riyals ($1.46 billion) last November and is the troubled Swiss bank's largest shareholder. DUBAI, March 20 (Reuters) - Saudi National Bank's (1180.SE) growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the Swiss bank's takeover deal with domestic rival UBS (UBSG.S) on Sunday.
0 Comments
Leave a Reply. |