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Profile

 

SABB is an Associated Company of the HSBC Group, one of the world’s largest banking and financial services organisations with over 10,000 offices in 83 countries and territories across Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. This association means that SABB customers not only have access to our own market-leading services and customer care, but can also tap into the HSBC Group’s global network, resources, skills, specialist knowledge and expertise

 

Assets

SAR 131.7 billion (US$35.1 billion) at 31 December 2008.

SAR 98.2 billion (US$26.2 billion) at 31 December 2007.

 

Profit

SAR 2,920 million (US$779 million) at 31 December 2008.

SAR 2,607 million (US$695 million) at 31 December 2007.

 

Capital Strength:

SABB paid up capital is SAR 7,500 million with share capital ownership split as follows:

 

60%

Saudi Nationals

40%

HSBC Holdings BV (a wholly owned subsidiary of HSBC Holdings plc)

 

Network

SABB operates through a network of 84 branches, including 15 exclusive Ladies’ branches, with a team of 3232 employees of whom 87% are Saudi nationals as at 31 December 2008.

 

Products and Services

Enhanced levels of service for all our customers – that’s what we at SABB consistently strive for. Our range of banking services includes Personal, Commercial, Corporate, Private and Islamic Banking; Investment, Treasury and Trade Services, and Credit and ATM Cards that are welcomed in more than 18 million commercial outlets within the Kingdom and around the world. In addition SABB ATM and credit cards can access more than 350,000 ATMs in the Kingdom and around the world. Our Electronic, Internet and Telephone Banking facilities allow customers to conduct banking business from the comfort of their own homes or offices and our information delivery channels now include mobile telephone technology and Short Message Services (SMS).

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