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Sunday, December 6 - 2009

SABB Best Local Bank in Saudi Riyal Foreign Exchange

SABB has been classified as Best Local Bank of Saudi Riyal Foreign Exchange provider in Euromoney's 2006 foreign Exchange Awards.

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  • Mr. Al-Tuwaijri SABB Treasurer.
    Mr. Al-Tuwaijri SABB Treasurer.
The Euromoney Awards for Excellence are regarded as the benchmark awards for financial services globally. A research team and awards panel has been dedicated to rate all the submissions on both quantitative and qualitative factors over the past 12 months period to decide the award winners.

Mr. Al-Tuwaijri SABB Treasurer said, "The award has been won by SABB as a result of the bank's efforts and excellent performance backed by a team of experienced and professional staff. This enabled SABB Treasury Division to offer an unparalleled portfolio of products, ranging from foreign exchange and interest rate protection to money market operations, precious metals, fixed income vehicles and Islamic solutions."

SABB have recorded many achievements in the past years most of which was the "Best Bank in the Kingdom for 2004" award by Euromoney International for the second year in a row. It was also given a distinct rating by the prestigious Standard & Poor's Credit Rating Agency.
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