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ATM & BranchesSABB and Eta'am Sign an Agreement to Establish the First Project to Preserve Surplus Dry Food
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September 2021
Saudi British Bank (SABB) and the Saudi Food Bank (Eta'am) have entered into a joint cooperation agreement to establish and operate the first central catering kitchen in the city of Riyadh, which will provide and process ready-made meals for beneficiaries of social security families, orphans and people with special needs.
According to the agreement, SABB will cover the costs of construction, operation and logistics necessary for the project, as part of SABB's community service programs, provided that “Eta'am” Bank will undertake the implementation and management of the entire project and develop sustainable partnerships with food companies based on the principle of preserving dry foods and turning them into ready-made meals.
This agreement is part of the two parties’ strategic cooperation relationship, in which SABB will continue to support “Eta'am” Bank’s initiatives and projects in the field of food preservation, render support to the partnerships and raise awareness among the community organizations and crystallize the concept of social solidarity.
The Central Kitchen is a new initiative in the field of preserving food, that aims to benefit from the waste of dry and canned foods in food/catering companies by turning them into fresh meals to distribute to selected beneficiaries.
Notably, within the framework of its social responsibility programs, SABB continues its contributions to support and encourage social initiatives aimed at developing and building the community, as well as improving the living conditions of families in need.
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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.