Speaking on the occasion, Mr. Sulaiman Al Hamdan, Deputy Managing Director Financial Services - SABB, thanked the Public Investment Fund for having selected SABB from all other Saudi banks, reflecting its technological superiority.
Mr. Al Hamdan added: "SABB's success in STC IPO was mainly due to its technological capabilities and superior skills of its dedicated staff who had developed a highly specialised system to secure speed and ease of operation during the IPO".
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The Saudi British Bank (SABB) to manage NCCI IPO
- Saudi Arabia: Monday, July 19 - 2004 at 12:37
- PRESS RELEASE
Following The Saudi British Bank's (SABB) huge success in managing the STC IPO (Saudi Telecom Company Initial Public Offering) the Public Investment Fund has appointed SABB and the HSBC Group to provide financial and consultancy services with regard to NCCI intended IPO.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, July 19 - 2004 at 12:37 UAE local time (GMT+4)
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