The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.
Walid Abu al-Khair, founder and director of watchdog group Monitor of Human Rights in Saudi Arabia (MHRSA), was sentenced last year to 10 years in jail.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.
SAFCO did not provide a reason for the profit drop in the Enlgish results statement.
Quoting from Muslim scholars, Sheikh Munajjid argued that to build a snowman was to create an image of a human being, an action considered sinful under Islam.
Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.
Several regional companies published positive fourth-quarter earnings.
Venezuela’s international reserves have deteriorated sharply due to the tumbling oil prices which hit new lows last week below $50 per barrel.
Omar al-Amoudi, executive vice president of shared services at Sabic and an existing Kayan board member, took over from Mutlaq al-Morished.
Operating income in the fourth quarter stood at SAR1.995 billion.
The bank cited an increase in operating income, which rose 20 per cent year-on-year, for the profit hike.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
The airline is expecting to begin operations in the Kingdom in the next six to 18 months.
Called “Meem” – the letter M in Arabic – the new retail banking platform will offer personal finance products and credit cards in Saudi Arabia.
Raif Badawi, who set up the “Free Saudi Liberals” website, was arrested in June 2012 and prosecuted for offences including cyber crime and disobeying his father.
The government confirmed last week that three of the four attackers, who carried out a gun attack on the country’s border, were Saudi nationals.
Saudi Arabia said in a statement via its official news agency that it denounces this “cowardly terrorist act”.
The bank said that it recommended a cash dividend of SAR0.5 per share ($0.13) for the second half of 2014.
The Capital Market Authority said that Saudi British Bank could issue one bonus share for every two shares held.
The company made a net profit of SAR200.8 million($53.5 million) in the fourth quarter.
King Abdullah said that lower prices were primarily caused by weakness in the global economy.
It did not give the details of the previous loan but said it was signed with six banks in June 2012.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.
The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.
The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.
The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.
The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.
The official did not reveal a specific timeline in which the government is aiming to make this quota possible.