SABB - Saudi British Bank
SABB
Head Office
P.O. Box 9084
Riyadh 11413
Kingdom of Saudi Arabia
Fax: 00966 - 1 - 2764356
Tel: 00966 -1- 440-8888 (overseas)
sabb@sabb.com
www.sabb.com
SABB in KSA
SABB was incorporated in 1978 and is a publicly listed joint
stock company. HSBC owns 40% of SABB's shares with the remaining
60% owned by individual and institutional shareholders,
predominantly Saudi citizens.
SABB is considered an "associate" member of HSBC Group.
Since its incorporation in 1978, SABB has grown into a premier
financial services group in the Kingdom of Saudi Arabia. The Bank
currently employs over 3000 full time staff and has 90 branches and
almost 500 ATMs. There are a considerable number of financial
institutions/establishments of diverse sizes and complexity in the
Kingdom amongst which are 11 major banking entities. SABB is a
major contributor to the local banking market and has substantial
presence in the 3 provinces in the Kingdom.
It is a full financial services entity providing comprehensive
services in the areas of Personal Banking, Corporate Banking,
Investment Banking, Private Banking, Islamic Banking, Treasury
Services, Equity Broking and Custody, Mutual Funds, Trade Services,
Credit Cards, Electronic Banking and Insurance. It has the
reputation for being one of the best managed banks in Saudi
Arabia.
It is seen as a technological and market leader in a number of
businesses. SABB's primary objective during the past three years
has been to become a 'Joined Up' institution identifying with the
needs of value creating customers. Achievement of the stated
objective has been made possible through a restructuring exercise
which has enabled SABB to be more aligned to the needs of its
target customers and by creating specialized JVs and/or
subsidiaries being, HSBC Saudi Arabia Limited, SABB Takaful, SABB
Securities Limited, SABB Insurance Agency Limited and SABB
Insurance Services Limited.
With a paid up capital of SAR 7.5 billion (US$ 2 billion), its
assets of SAR 126.8 billion (US$33.8 billion), and profit of SAR
2,032 million (US$542 million) at 31 December 2009, SABB ranks
among the biggest and most solid financial institutions in the
Kingdom of Saudi Arabia.
Key SABB Firsts
1983
First bank to issue credit cards in KSA
1983
First local bank with a fully integrated online computer
network
1984
First Saudi bank to introduce ATMs
1997
First Saudi company to introduce an MBA scholarship program
2000
First bank in the Kingdom to introduce ATMs with Braille
2004
First Saudi bank to issue Euro Bonds to the value of US$600
million
2005
First Saudi bank to offer share subscription through ATMS
2005
First Islamic bank to sign leasing contracts based on the Islamic
Ijara concept
2006
First bank to adopt Islamic hedging of interest
rates
Industry Awards
SABB
Global Finance Awards 2009
Best Trade Finance Bank in Saudi Arabia;
Best Consumer Internet Bank in Saudi Arabia;
Best Online Consumer Credit Site in the Middle East and Africa
Euromoney Awards 2009
Best Overall Private Bank in Saudi Arabia
Saudi Arabia's Best Cash Management Bank
The Asian Banker Awards 2009
Saudi Arabia's Strongest Bank
The Banker Magazine Awards 2009
Bank of the Year in Saudi Arabia
Global Finance Awards 2010
Best Trade Finance Bank in Saudi Arabia (for 2nd consecutive
year)
Best Sub-Custodian Bank
Best Call Centre in the Middle East
Euromoney Awards 2010
Best International Islamic Bank - SABB Amanah
World Bank's IFC Awards 2010
The Most Active Confirming Bank in the MENA Region
Global Finance Awards 2010
Best Online Consumer Credit Site in Saudi Arabia (for the
5th consecutive year)
Best Bill Payment & Presentment Bank in MENA Region
HSBC Saudi
Arabia
Euromoney Awards for Excellence 2009: Best
Investment Bank in Saudi Arabia
Euromoney Awards for Excellence 2009: Best Debt
House in the Middle East
Euromoney Awards for Excellence 2009: Best Cash
Management House in the Middle East
EMEA Finance Awards 2009: Best Foreign Investment
Bank in Saudi Arabia
Lipper Fund Awards 2009: Best Saudi Equity
Fund
SABB
Takaful
Euromoney Awards 2009: Global Best Takaful Provider
