Saudi National Bank loses over $1 billion on Credit Suisse investment

CNBC

Center

Mixed Factuality

Wealthy Private Owner: Roberts Family

Saudi National Bank loses over $1 billion on Credit Suisse investment

Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.

Arab News

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Mixed Factuality

Government: Saudi Research and Marketing Group

Saudi National Bank says its Credit Suisse investment has ‘no impact’ on growth plans or profits

Mon, 2023-03-20 12:46 RIYADH: Credit Suisse's largest shareholder Saudi National Bank has confirmed there is “no impact” on its growth plans or profitability after the troubled Swiss lender was bought out by UBS. The SNB made a SR5.5 billion ($1.4 billion) investment in the bank in November 2022, but as of a month later it only represented 0.5 percent of the Saudi firm’s total assets and approximately 1.7 percent of its investments portfolio.…

Bloomberg

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Mixed Factuality

Wealthy Private Owner: Michael Bloomberg

Private Equity: The Vanguard Group

Credit Suisse Turmoil Puts Gulf Investors Among Top Losers

Credit Suisse Group AG’s Middle Eastern shareholders, which together own about a fifth of the Swiss bank, are among some of the biggest losers in the turmoil that culminated with UBS Group AG agreeing to acquire the troubled lender at a steep discount.

Benzinga

Center

High Factuality

Saudi National Bank Hit With Over $1B In Credit Suisse Investment Losses - Credit Suisse Group (NYSE:CS)

Al Arabiya

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Mixed Factuality

Media Conglomerate: Middle East News FZ LLC

Saudi National Bank growth unaffected by Credit Suisse hit

Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the Swiss