Jan

SAB launched the Kingdom’s first green deposit to allow retail corporate clients to safely deposit their money towards green financing initiatives.
SAB awarded ‘Best in Class E-Commerce Acquirer’ by Mastercard in recognition of its continued progress in delivering market-leading payment solutions.

Feb

SAB reached impressive 42% female leadership, marking continued progress and alignment with the Kingdom’s Vision 2030 goals for gender equality in the workforce.
SAB launched the Kingdom’s first inventory- financing product to help customers to manage inventory and hedge commodity prices.
SAB signed financing agreement with Nesma & Partners for the Avenues- Riyadh Mall, a key tourism and entertainment project for Riyadh.

SAB acted as lead arranger and hedge provider on a SAR 5 bln deal with ACWA Power for the development of various utilities for the Red Sea giga-project.
SAB launched the “SAB Digital Academy” to help attract talent to the financial sector and contribute to the Vision 2030 goal of lowering the unemployment rate.

SAB and Eta’am opened Riyadh’s first central catering kitchen to provide food and ready-made meals to those in need.
SAB won ‘Saudi Arabia’s Best Bank 2022’ Award by Global Finance magazine for the third year in a row, in recognition of the Bank’s efforts in providing the best banking experience to customers

SAB and HSBC signed MoU focused on developing new foreign exchange services and real time payments capabilities for SAB in Saudi Arabia.

SAB sponsored the UK-Saudi Renewable Energy Forum, organised by the Saudi British Joint Business Council (SBJBC) in London.

SAB and Mastercard launched the World Elite Exclusive Credit Card, offering Private Banking customers access to a wide range of market-exclusive benefits and privileges.

SAB named ‘Best Bank for Sustainable Finance in the Kingdom’ for 2022 by Global Finance magazine

SAB announced the Bank’s ESG strategy, emphasising the importance of sustainability, and highlighting the opportunity in supporting the transition journey of the Kingdom’s businesses.
SAB joined the Arab Monetary Fund’s “Buna” payment system, operated by Arab Regional Payments Clearing and Settlement Organisation (ARPCSO).
SAB supported the NEOM LINE project, providing SAR 3.8 bln of initial booking of guarantees.
SAB launched digital accounting opening for MSME and corporate customers, speeding up the process from around 2 weeks to around 2 days.

SAB launched Global View Global Transfer, a tool for SAB’s retail customers to access any HSBC accounts that they possess globally.
SAB and Morooj signed partnership to plant 1 million trees, in support of the Saudi Green Initiative

SAB partnered with Saudi Payments and Visa to launch a new procurement card for corporates and businesses to optimally manage payments in a smarter and safer way.
SAB participated in the Saudi Green Initiative Forum for the COP 27 Global Climate Summit, where the Bank’s CEO addressed delegates on the Kingdom’s ESG drive and commitment.

SAB signed an agreement with the SME Bank to collaborate in the joint financing programme, to encourage financing for the MSME sector in line with the Vision 2030 goal.
SAB signed a collaboration agreement with the Saudi Industrial Development Fund, to implement their guarantees programme and provide financing solutions to the industrial sector.
SAB’s mortgage portfolio reached SAR 22 bln, gaining market share throughout the year following significant investment into the Bank’s mortgage provision at the start of 2022.