The Saudi British Bank is celebrating its seventh consecutive win after being selected as Best Cash Management Provider in Saudi Arabia by Euromoney.
Based on feedback from treasurers, CFOs and cash management specialists, the award recognises top financial institutions that show an impressive track record in providing cash management products and services. The judges felt that SABB’s technical abilities and global reach, afforded through close ties with HSBC, marked it out as a winner.
Majid Algwaiz, General Manager of Commercial Banking at SABB, said: “The award clearly demonstrates that SABB’s approach to payments and cash management continues to be well received in the Kingdom. We are committed to delivering the best in class services, and are focused on creating value and tailored solutions that help our clients achieve their business objectives and comply with regulatory requirements“.
Initially part of the British Bank of the Middle East, which was acquired by HSBC in 1959, SABB was established as a separate entity in 1978. HSBC retains a minority share.
