Riyadh – Mubasher: Al-Istithmar Capital placed ‘Accumulate’ recommendation on Saudi British Bank (SABB), setting the price target at SAR27, with an upside potential of 19% to the stock price of SAR22.62 on the report date
The research firm said that the bank redistributed its assets, focusing more on loans portfolio, assuming that the bank has financed loan grants and increased its assets thanks to increasing deposits or loans provided by other banks.
Earlier, SABB reported a year-on-year increase in Q1-16 profits by 2.42% to SAR1.14 billion from SAR1.11 million.
