Saudi Awwal Bank Wins “Excellence in Innovation” Award for 2024
Saudi Awwal Bank (SAB) has been honored with the prestigious “Excellence in Innovation” award for 2024 by Global Review for Banking and Finance. This recognition showcases the bank’s leadership in introducing innovative solutions and elevating customer experiences within the Saudi banking industry.
The award applauds SAB’s ongoing dedication to offering cutting-edge solutions and highlights its commitment to enhancing customer satisfaction by embracing the latest technologies and global trends in banking.
Saeed Assiri, Chief Innovation Officer at SAB, expressed his pride in receiving the award, stating: “This esteemed recognition emphasizes our unwavering dedication to innovation and excellence. At SAB, we believe innovation is a crucial catalyst for growth in the banking sector, and we are steadfast in delivering impactful solutions that cater to customer needs while solidifying our market position.”
Assiri continued: “This accolade is a testament to the success of our strategy, positioning SAB as a frontrunner in financial innovation for a seamless banking experience. It also showcases our commitment to supporting the Kingdom’s digital transformation agenda in alignment with the Banking Sector Development Program under Vision 2030.”
Driving Innovation Forward
By prioritizing innovation as a core pillar, SAB has rolled out a range of products and services tailored to meet the evolving demands of individual and corporate clients.
This award serves as a significant addition to the bank’s impressive track record of accomplishments, underscoring its pivotal role in advancing innovation as a key driver of progress and bolstering the global competitiveness of the Saudi banking sector.
About Saudi Awwal Bank
Saudi Awwal Bank stands as one of the largest financial institutions in the Kingdom, with a rich history in Saudi Arabia spanning over 90 years. Throughout its tenure, the bank has actively supported the economic growth and social development of the Kingdom.
As a leading corporate and institutional international bank in Saudi Arabia, SAB offers top-tier Wealth & Personal Banking services and excels in areas such as trade finance, foreign exchange, debt wholesale banking, digital innovation, and ESG practices, paving the way for transformation and excellence.
Providing integrated financial and banking services including corporate banking, investment, private banking, and treasury, SAB boasts a paid-up capital of SR20.5 billion following its legal merger with Alawwal Bank on March 14, 2021, when it operated under the name Saudi British Bank (SABB).
Saudi Awwal Bank operates as a licensed financial entity under the supervision and regulation of the Saudi Central Bank and is a proud partner of the HSBC Group.
