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ATM & BranchesSABB Named "Best Trade Finance Bank" By Global Finance Magazine
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June 2017
SABB has been named by Global Finance magazine as the “Best Trade Finance Bank” in Saudi Arabia for 2017. This is the 9th consecutive year that SABB has picked up this coveted award, widely acknowledging SABB as the pre-eminent trade finance bank in the Kingdom. This comes on the heels of SABB being recently adjudged the best trade finance bank for 2017 by Euromoney.
The recognition from Global Finance magazine is based on 2016 results and comes after an assessment of transaction volumes, scope of global coverage, customer service, competitor benchmarking and innovation of the leading trade finance providers in the Kingdom. This also takes into account feedback from key decision makers in multinational companies globally, alongside traditional input from industry analysts, corporate executives and technology experts.
In 2016, SABB continued its focus on client service, product innovation and the development of trade opportunities for clients. During the year, SABB successfully rolled out a number of key initiatives directed towards helping its clients grow their trade-related businesses. The initiatives included an expansion of trade corridor initiatives with key trading partners of KSA, continued education of Saudi customers on emerging trends and risks associated with international trade through SABB “Trade Academy” and “Trade Confidence Index” initiatives; various customer engagement and thought leadership events with participation from key industry experts; extension of its product suite and services; and continued expansion of its Receivable Finance proposition. SABB provides unrivalled global connectivity through its association with the HSBC Group and a range of sophisticated and customized conventional and Sharia-compliant trade finance solutions to meet growing trade, receivable finance and supply chain needs of its clients.
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© SAB, Saudi Arabia. All Rights Reserved, 2024
Saudi Awwal Bank, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, with paid in capital of SAR 20,547,945,220, commercial registration certificate 1010025779, unified number 7000018668, Mailing Address: P.O. Box 9084, Riyadh 11413. National Address: 7383 King Fahad Branch Rd, 2338 Al Yasmeen Dist., 13325 Riyadh, Kingdom of Saudi Arabia, Tel. +966 11 4050677, www.sab.com, licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank.