Saudi Awwal Bank (SAB) has received the "Excellence in Innovation" award for 2024 from Global Review for Banking and Finance. This esteemed accolade highlights the bank's leadership in delivering innovative solutions and enhancing customer experiences in the Saudi banking sector. It also acknowledges SAB's continuous efforts to provide innovative solutions and highlights the bank's commitment to enhancing customer experiences by leveraging the latest technologies and global trends in the banking sector. Saeed Assiri, Chief Innovation Officer at SAB, stated: "This prestigious award underscores our relentless commitment to innovation and excellence. At SAB, we view innovation as a vital driver of growth in the banking industry, and we remain focused on providing impactful solutions that meet customer needs while strengthening our position in the market." He added: "This recognition reflects the success of our strategy, which positions SAB as a leader in financial innovation to deliver a seamless banking experience. It also demonstrates our commitment to supporting the Kingdom's digital transformation efforts in alignment with the Banking Sector Development Program under Vision 2030." Through its focus on innovation as a strategic pillar, SAB has introduced a range of products and services designed to meet the evolving needs of both individual and corporate clients. This accolade is a valuable addition to the bank's impressive record of achievements and reaffirms its role in driving innovation as a key enabler of progress, further enhancing the global competitiveness of the Saudi banking sector. 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 SR20.5 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.
