The Saudi British Bank “SABB” is celebrating today, Wednesday, May 17, the 40th anniversary of its founding, since it began operations in the Kingdom in 1977 as a Saudi joint-stock company in partnership with the global HSBC Group, with a capital of 100 million riyals at the time, which gradually grew to 15 billion riyals by 2015.
The celebration was attended by a host of prominent figures from the Kingdom’s economic and banking sectors. The event featured a presentation summarizing the stages of development SABB has undergone throughout its history, as well as the series of changes it has implemented.
Since launching its banking operations in the Saudi market, SABB has sought to establish a prominent position among the banks operating in the Kingdom, committed to providing a comprehensive range of banking products and services to individual and corporate customers, through its departments, business segments, and branches spread across the Kingdom, and drawing on the long-standing expertise of its foreign partner and its extensive international presence, enabling the bank to offer its customers a distinctive experience and high-quality services.
Over the course of four decades in the banking sector, SABB has witnessed a series of changes, developments, and turning points, during which it has built a strong track record of achievements and brought about a qualitative leap in the methodology and tools of the Saudi banking industry, becoming one of the most customer-friendly banks and one of the best banking work environments in the Kingdom. This is due to the bank’s special focus on attracting local talent, developing Saudi banking professionals, and localizing jobs, and introducing banking technology to the local market, in addition to the role it has played in supporting the national economy through its participation and contributions to financing a large number of infrastructure projects undertaken by the Kingdom in recent years.
Since launching its operations in the Kingdom forty years ago, SABB has played a vital and pivotal role in the Saudi banking sector and has achieved consistent growth in its performance, and in strengthening its strong presence in the local market through its commitment to providing high-quality services and comprehensive products, thereby positioning SABB at the forefront of banking, financial, and investment service providers in the Kingdom.
