SABB launches UAE Equity Trading Service

Commenting on this occasion, the Country Head-Business Development, Mr Ihsan A.Bafakih said " the UAE equity trading service is being introduced to meet the requirements of the bank's customers, wishing to diversify their investments and benefit from the high profitability posted by Gulf money markets - which have recorded high returns, ranging between 4.6% and 35.6%. This service is the beginning of a plan to extend the trading service to cover all other Gulf equities ".

He added " This service, which can be accessed through SABB Investment Centers, will provide Saudi and local resident investors, with additional investment opportunities and profitability, along with the opportunities provided by the bank to its customers in the American, European, Asian and Japanese markets".

SABB investment services have achieved many successes and won many awards, the last of which was the top ranking on the list of the winner banks of the Saudi Investment Funds competition awards for 2003, held by the Investment Committee - consisting of members from Saudi Banks under the supervision of SAMA. SABB won 13 prizes for the year 2003, the most prestigious of which was the First Award of Saudi Equities. SABB has also achieved the first position, for the year 2003, as Best Fund Manager for 1 and 3 years and for the Best Fund of Funds (SABB Portfolios), the second position as the Best Fund Manager for 1 year, for 2003, and the third position as Best Fund Manager for 3 years respectively.