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Wednesday, November 11 - 2009

SABB named top cash management bank in Saudi Arabia

  • Saudi Arabia: Monday, November 03 - 2008 at 13:47
  • PRESS RELEASE

SABB has been named as Saudi Arabia's 'Number 1 cash management bank' in a poll of thousands of cash managers, treasurers and financial officers worldwide carried out by Euromoney Magazine.

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  • Adel M Al-Nasser, Deputy Managing Director at SABB.
    Adel M Al-Nasser, Deputy Managing Director at SABB.
Now in its 8th year, the Euromoney Cash Management Poll attracted a total of 6,328 valid replies to questions relating to international cash management services, a growth in respondents of 66%. Of these, 4877 voters were from corporations and 1451 from financial institutions.

But this year, for the first time, the poll also captured data on domestic cash management providers and SABB topped the Saudi market share rankings.

Adel M Al-Nasser, Deputy Managing Director at SABB, commented:
"Companies and institutions in Saudi Arabia have become increasingly aware of the need to get the maximum benefit from efficient management of their cash. SABB offers the full range of cash management solutions through specialist staff, backed by the state of the art systems. By providing tailored solutions to meet each customer's specific needs, we can make a real difference to the profitability of their businesses."


He also added, "We are proud and delighted that we have come top of Euromoney's poll. The results demonstrate SABB's reputation and track record as a provider of truly effective cash management solutions."

The Euromoney Cash Management Poll provides a unique snapshot of the global cash management industry and gives an invaluable insight into which banks are leading the way in this increasingly competitive and fast changing industry.
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Notes and media contacts

For media enquiries please contact:

Ibrahim S Abo-Mouti
Head of Corporate Communication
SABB
P.O. Box 9084, Riyadh 11413,
Office Tel. +966-1-276-4041
Office Fax. +966-1-276-4809

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