SAB Awarded Best Private Bank in Saudi Arabia for 2024 By Euromoney for the Second Time in a Row

Saudi Awwal Bank has been awarded “Best Private Bank in Saudi Arabia” by Euromoney during their Private Banking Awards 2024 for the second time in a row. This achievement reflects the bank’s continuous efforts in developing and delivering outstanding and innovative banking services to its clients.

The award reinforces “SAB’s” position as one of the leading banks in the field of private banking services in the Kingdom, and confirms its continuous commitment to providing the best for its clients and supporting economic development in the Kingdom.

Bandar Al-Gheshayan, Chief Wealth & Personal Banking Officer at SAB, said: “Winning this prestigious award demonstrates the extent of our strategic vision in providing a distinguished banking experience for our clients and reaffirms our commitment to developing and providing innovative financial solutions that meet their aspirations and contribute to the growth of their wealth and the achievement of their financial goals.”

Al-Gheshayan added: “We are proud of our role in enhancing the financial sector by providing private banking services and offering investment opportunities that enhance economic growth and support entrepreneurs and investors.”

It is worth mentioning that the bank continues to enhance its efforts towards developing private banking services, aiming to provide a comprehensive range of financial and banking services that meet the diverse needs of its clients, within the framework of its strategy to contribute to the Kingdom’s Vision 2030.

-Done-

About SAB:

Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom’s economic growth and social development. SAB is one of the leading corporate and institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance,

foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence.

SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury.

SAB paid-up capital is SAR 20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank, and a partner of the HSBC Group.