Saudi Awwal Bank Makes History by Receiving Local Content Certificate
In a groundbreaking achievement, Saudi Awwal Bank has become the first bank in the Kingdom of Saudi Arabia to receive a ‘Local Content Certificate’ from the Local Content & Government Procurement Authority (LCGPA).
The recognition is a testament to SAB’s unwavering commitment to driving local development and supporting the ambitious goals of the Saudi Vision 2030 for sustainable growth. This milestone also underscores the bank’s alignment with global standards on environmental, social, and governance (ESG) practices.
Ghada AlJarbou, Chief Operating Officer at SAB, expressed her pride in the achievement, stating, “Obtaining this certificate is a significant milestone for us. It reflects our dedication to continuously enhancing our performance across all areas to achieve our strategic objectives and make a meaningful contribution to the Saudi Vision 2030 and the advancement of the financial sector.”
Local content is a key driver in the development of non-oil sectors and GDP growth, and the leadership in the Kingdom has implemented various initiatives to strengthen and promote it.
This prestigious recognition not only acknowledges SAB’s exceptional services but also underscores the bank’s resilience and versatility in meeting the diverse needs of its customers through efficient and innovative solutions.
