STRATEGY 2025 Download PDF

Strategy
2025

The growth-orientated strategy looks to build further on our traditional focuses and areas of strength, but also looks to expand in those target areas which complement the Vision 2030 plan.

In May 2021, the Bank announced its longer-term strategy following the final stages of the Bank’s integration with Alawwal Bank, which marked a new growth-orientated phase, which targets regaining some of the key business and financial positions that we enjoyed prior to the merger and integration.

Vision

We bring a world of financial opportunities to an ambitious Kingdom

Best in class universal banking serving all customer groups in the Kingdom

Be the leading international bank in the Kingdom, accessing an unrivalled global network through HSBC

Offer a leading online and mobile digital banking experience

Embed ESG at the heart of the organisation, making SAB the most attractive organisation for all Stakeholders

The steps
we will take

Build on our core strengths

  • Bank of choice for Large Corporates
  • Reinforce leadership in Trade and Payments
  • Maintain leadership in Wealth
  • Reinforce our position in Cards

Maximise our participation in key growth areas

  • Fastest growing Mid-Corporate business
  • Digital SME focus
  • Mortgage expansion through REDF

Transform the organisation

  • Lead in digital innovation and evolve the IT architecture
  • Transforming HR and developing the right talent
  • Revamp operating model through automation and digitisation

Returns

Increase Return on Tangible Equity (RoTE) and Earnings per Share (EPS)

Improve Cost to Income ratio (CER)

Maintain strong Capital and Liquidity

Maintain Dividend payout

2022 marks the first full year since the launch of the growth-orientated strategy. The Bank continues on its investment programme but has already started to deliver tangible progress across all parts of the business, and which in turn have resulted in increasing financial returns.

Progress against our 2025 targets

37.8%
CER Ratio
6.9 YoY ppt improvement

17.7%
CET1
1.6 YoY ppt capital utilisation

11.5%
RoTE
3.7 YoY ppt improvement

SAR 189.1 bln
Loan Portfolio
9% YoY

SAR 9.7 bln
Revenue
26% YoY

SAR 22 bln
Mortgage balances
11% YoY

53% loan growth
MSME investment plan delivers

78%
Mobile penetration