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June 2020
SABB has been named by Global Trade Review (GTR) Magazine as the “Best Trade Finance bank in Saudi Arabia” for the year 2020. This is the 2nd consecutive year that SABB’s Global Trade & Receivables Finance (GTRF) has picked up the coveted award in this category, and the 6th time in the past 10 years.
The award is based on clients surveys, carried out by GTR magazine and other specialized institutions in the global market. Taking into consideration the banks’s achievements and its supportive role on global trade.
SABB remains the trade provider of choice in Saudi Arabia as evidenced by market share. Its innovative digital products, extensive capabilities and customer services are market leading, and it continues to deliver creative, risk mitigating and customized solutions for its clients along their entire supply chain, distinguishing SABB from competitors. Merger with Alawwal bank has further strengthened market positon of SABB, with the expertise of SABB in the global corporate space being complimented by the SME acumen of AAB.
Commenting on winning the award, Majed Najm, Deputy Managing Director, responsible for Corporate and Institutional Banking at SABB, stated: “We are delighted to win this award, which reflects our leading position in providing products, services, and innovative solutions that meets our custumers’ needs. As well as our significant role in global trade promotion, which is especially important in these uncertain times”.
He added: “SABB remains the bank of choice for global multinationals operating in Saudi Arabia, where 90% of them use SABB for their Banking requirements. Additionally, SABB's association with HSBC reinforces SABB's ability to offer its customers Trade solutions and services of top international quality and provides SABB with an unrivalled international access and connectivity. No matter how Trade Finance evolves in a post Covid-19 environment SABB will be well placed to develop and support its clients through this”.
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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.