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August 2022
The Saudi British Bank (SABB) has been named the "Best Bank for Sustainable Finance in Saudi Arabia" for the year 2022 by Global Finance magazine, as part of its annual Excellence Awards, which honor the best financial institutions globally.
SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure. This highlights the Bank's efforts and contributions to the Kingdom's and the region's overall sustainability and environmental, social, and institutional governance.
The awards program recognizes global and regional leadership in Sustainable Finance, funding for initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future for humanity.
"At SABB, we are proud of the significant progress we have made in the fields of sustainability and social responsibility," said Yasser Al-Barrak, Chief Executive Officer of Corporate and Institutional Banking, this award is a true testament to the pivotal role that the principles of social and environmental sustainability play in the bank’s strategy.
"We look forward to making a more effective contribution to accomplishing sustainable development goals and building a promising future in line with the Kingdom's Vision 2030."
SABB places sustainability and social, environmental, and governance at the core of its strategy for the next five years, continuing to introduce numerous sustainability programs while boosting awareness in the banking industry and society as a whole to become more environmentally conscious.
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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.