SABB voted top Cash Management Bank in Saudi Arabia

Adel M Al-Nasser, Deputy Managing Director of 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 mamagement solutions through specialist staff, backed by state of the art systems and the international experience of our associate, HSBC. By providing tailored solutions to meet each customer's specific needs, we can make a real difference to the profitability of their businesses."

"We are proud and delighted that we have come on top of Euromoney's poll for the second year in a row. The results demonstrate that SABB's reputation and track record as a provider of truly effective cash management solutions continues at the highest level. We recognize, however, that we cannot become complacent and that we need to continually look at ways of improving our service still further," he added.

SABB delivers a wide range of market leading liquidity and cash management solutions for businesses in Saudi Arabia to enhance working capital and meet the evolving needs of its customers. These include Trade Services and Supply Chain, Payments and Cash Management and Securities Services.

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.

The strong response to the annual poll has been commended by Euromoney Magazine's Managing Director, Simon Brady, "It shows that corporate treasuries are increasingly aware of the efficiency gains that can be made through streamlined cash management. The strong response from the Middle East further goes to underline the increasing sophistication and globalised nature of business in the region."