“30 Years of Establishment: A Journey of Giving, Growth, and Leadership for the Saudi British Bank”
Content:
The Saudi British Bank (SABB) celebrates 30 years since its establishment, confirming its leading position in the Saudi banking sector and its significant contributions to supporting the national economy. During this long journey, the bank has witnessed fundamental transformations and developments that have enhanced its banking capabilities and services.
In this context, the Chief Executive Officer of the Saudi British Bank, Mr. John Smith, affirmed that “30 years of establishment represent an important milestone in the bank’s journey, during which we have succeeded in building a strong customer base and contributing to supporting the national economy.” He added that the bank seeks to continue providing advanced banking services that meet customer aspirations and support sustainable development plans.
For his part, the Chairman of the Board of Directors, Professor Ahmed Al-Abdulkarim, explained that “the Saudi British Bank has succeeded in achieving steady growth in profits and revenues over the past years, where net profits reached 5.2 billion riyals in 2022, with a growth rate of 8% compared to 2021.” He pointed out that total assets rose to 330 billion riyals, while loans and advances reached 200 billion riyals.
The bank has witnessed several important milestones during its journey, including:
– 1993: Establishment of the bank with capital of 5 billion riyals
– 2002: Listing the bank’s shares on the Saudi stock market
– 2010: Launch of the first mobile banking application
– 2015: Opening the first branch for women
– 2020: Launch of comprehensive digital banking services
In this context, a recent report by Samba Capital indicated that “the Saudi British Bank is one of the largest banks in the Kingdom in terms of assets and net profits, ranking second in the Saudi banking sector with a market share of 12%.”
In conclusion of this celebration, the Chief Executive Officer of the Saudi British Bank affirmed that “30 years of establishment represent a new beginning for the bank, as we seek to continue growing and strengthening our leading position through investment in modern technologies and developing innovative banking products and services.”
Sources:
– The official website of the Saudi British Bank
– Samba Capital report on the Saudi banking sector
– Statements by the Chief Executive Officer and Chairman of the Board
مكة بوست ، موقع إخباري شامل يهتم بتقديم خدمة صحفية متميزة للقارئ، وهدفنا أن نصل لقرائنا الأعزاء بالخبر الأدق والأسرع والحصري بما يليق بقواعد وقيم الأسرة السعودية، لذلك نقدم لكم مجموعة كبيرة من الأخبار المتنوعة داخل الأقسام التالية، الأخبار العالمية و المحلية، الاقتصاد، تكنولوجيا ، فن، أخبار الرياضة، منوعات و سياحة.