![]() ![]() 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. Given below is the Saudi Riyal exchange rates table. 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. 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. Convert SAR/INR - Wise Saudi Riyal to Indian Rupee Convert SAR to INR at the real exchange rate 1,000 sar Converted to 21,974 inr 1.00000 SAR 21.97400 INR Mid-market exchange rate at 14:29 UTC Track the exchange rate We cant send money between these currencies Were working on it. ![]() 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. Saudi Riyal to Indian Rupee Exchange Rate. "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. 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. Currency Exchange CURRENCY EXCHANGE Change your currency before you travel Overview CURRENCY EXCHANGE Exchange currencies with competitive prices and prompt service through any of our listed branches. Saudi National Bank bought 307.6 million Credit Suisse shares for 3.82 Swiss francs ($4.11) per share. Indian Rupee to Saudi Arabian Riyal conversion Last updated Mar 21, 2023, 07:52 UTC. Common currency conversion values at todays exchange rate: 1 SAR is 22.18 rupees 2 SAR is 44.37 rupees 3 SAR is 66.55 rupees 4 SAR is 88.73 rupees 5 SAR. You won’t receive this rate when sending money. 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. We use the mid-market rate for our Converter. ![]() ![]() 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. ![]()
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