Saudi British Bank wins title of 'Saudi Arabia's Bank of the Year'

SABB's notable achievements included developing the Bank's increasingly important Islamic finance business. This included the introduction of innovative Islamic overdraft and margin trading products, and creating and investing in a group of associate companies covering investment banking, insurance and securities services. SABB, together with these associates, now offers a full range of financial services to its local and international customers, in addition to leveraging the global relationship with HSBC which has led, for example, to a further marked increase in 2009 in dealings with Chinese and other Far Eastern companies with interests in Saudi Arabia

SABB Managing Director Richard Groves says, "SABB continues to invest in innovation, network expansion and technology, all aimed at improving service for our customers. It is a great honour to be the recipient of the Bank of the Year Award 2009 and in an increasingly competitive market we are delighted with this recognition of SABB's progress towards being the bank of choice in Saudi Arabia."