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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Arcadis    ARCAD   NL0006237562

ARCADIS (ARCAD)
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Arcadis : New SABB tower breaks ground in Riyadh

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01/14/2018 | 12:36pm CET

CallisonRTKL said ground has been broken in Riyadh for the new headquarters of Saudi British Bank (SABB), a 135-m tall tower designed by the global architecture, planning and design firm.

A major player in the region, CallisonRTKL has created some of the world's most successful environments for developers, retailers, investors, institutions and public entities.

The company was set up in 2015 following the merger of Callison and RTKL Associates - two key subsidiaries of leading asset design and consultancy company Arcadis.

CallisonRTKL clinched the contract after it won the project design competition organised by SABB, an associated company of global banking giant HSBC Group.

As the design consultant, CallisonRTKL was challenged to create a sophisticated, inviting and secure space for the bank's 2,800 employees and its numerous visitors.

The SABB head office will be a 46,544-sq-m commercial office development comprising primarily of a 135-m-tall tower. A supporting podium is integrated and connected to the tower housing the key facilities for banking services, food and beverage areas and employee training facilities over a 7,013-sq-m area.

The head office is expected to be operation by early 2020.-TradeArabia News Service

آ© Copyright 2014 www.tradearabia.com

(c) 2018 2017 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 3 263 M
EBIT 2017 137 M
Net income 2017 72,6 M
Debt 2017 416 M
Yield 2017 2,31%
P/E ratio 2017 21,97
P/E ratio 2018 17,77
EV / Sales 2017 0,65x
EV / Sales 2018 0,62x
Capitalization 1 690 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 20,0 €
Spread / Average Target 3,5%
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Managers
NameTitle
Peter W. B. Oosterveer Chief Executive Officer
Nicolaas Willem Hoek Chairman-Supervisory Board
Renier Vree Chief Financial Officer
Gerard Spans Chief Information Officer
George R. Nethercutt Vice Chairman-Supervisory Board
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