SABB: Focus on human development key to our success

These included receptions in Jeddah, Medina and Khamis Mushait in the Western/ Southern region; Riyadh and Buraidah in the central province; Dammam and Al-Ahsa in the Eastern Province.

Among those present were: Adel Marzook Al-Nasser, SABB Deputy Managing Director; Nabil Al-Hoshan, General Manager, Financial Banking; Ahmed Al-Ameer, Area General Manager Central Province; Alaa Al-Jabri, Area General Manager, Western Province, and Zaki Abu Al-Saud, Area General Manager, Eastern Province.

Speaking on the occasion, Adel Al-Nasser said: "SABB believes that the human element is the base of development and success in terms of the Bank's social mission and the development of Saudi cadres."

At the social/charitable level, the bank donated Eid gift packs consisting of food, consumer products, clothing and other items to needy families and school bags for orphans with the help of some SABB volunteer staff. On the Saudi cadre development side, a large number of male and female graduates have been sent on scholarships to obtain MBA degrees from the UK. Also, a program has been set up to groom 2,500 trainees for a career in the banking industry.

Regarding financial, banking and operational achievements, Al-Nasser added: "The most important achievement is the growth in profits by 31% over last year to SAR 2,455 million for the third quarter of the year. During the past year, SABB contributed its share as a principal manager and underwriter of a number of successful IPOs, including Emaar Economic City and Al-Drees Petroleum and Transportation Services."

The Bank has also been honored with many awards such as: "Best Bank in the Kingdom in Foreign Exchange" by Euromoney Magazine, "Best Fund Manager", by SAMA Investment Products Committee and "Best Internet Investment Services Bank".

A number of economists delivered lectures on the occasion. Dr. Abdul Aziz Bin Mohammed Al-Dakheel spoke on "Saudi Economy - The present and Future Prospects" at the Central Province party. Mr. Rashid Al-Fawzan delivered a lecture at the Eastern Province party titled "The present and future of the equity market". The theme of Dr. Ali Bin Mohammed AL-Daqqaq's speech at the Western Province party was "Economical Variables and Capital Market".