On Sunday 16 of June 2019, the legal merger of SABB and Alawwal bank was completed. On this day, the two banks became one legal entity. Led by a single leadership team, it is ready to execute its strategy to combine the best of the two organisations to create the best bank in the Kingdom.
Much of the operational work to integrate the banks still lies ahead. For now, the two banks will continue to provide a business as usual service for their respective customers.
We are excited about the future opportunities the merger will create for you, our valued customers.
What happens next?
For now, nothing changes, and you should continue to enjoy your banking services as normal. Any changes to your current relationship or products with the bank will be communicated to you well in advance.
Click here to find answers to any questions you might have about the merged bank.