SABB appoints Saeed Al-Mahoudi Area Manager Eastern Province

He succeeds Mr. Zaki Bin Mansour Abualsaud, who retired this month after 24 years with SABB.

Al-Mahoudi comes to SABB with more than 17 years' experience in the banking industry in Saudi Arabia including 14 years in senior management posts. Most recently, he spent 7 highly successful years in charge of eastern region operations for one of the country's other leading financial institutions after moving through a variety of management positions from branch manager to a divisional head responsible for the overall business development and management of significant corporate credit portfolios.

Mahoudi said: " SABB is a key financial institution in the Kingdom. I aim to add to the bank's development, in Eastern Province, and increase the region's contribution to the achievement of the bank's strategic goals.

"A further objective is to help drive forward SABB's award-winning saudization programme which owes its success in part to SABB's unique ability among banks in Saudi Arabia to develop its staff through cross-postings with its associate, HSBC."

Recent cross-postings have seen SABB's Saudi staff appointed as HSBC's Global Head of Islamic Banking and CEO of HSBC in Bahrain. And the bank's saudization programme has been notably rewarded with the 'Prince Naif Saudization Trophy', in addition to wining the Institute of Public Administration (IPA) Saudization Trophy for three consecutive years.