SABB Awarded “The Best Cash Management Bank in Saudi Arabia” for the 5th Consecutive Year

October 2012

SABB, for the fifth consecutive year, has been recognized by Euromoney Magazine as "The Best Cash Management Bank in Saudi Arabia” for 2012. This achievement comes on the heels of SABB being awarded "Best Bank in Saudi Arabia" by Euromoney.

The Euromoney Cash Management Award is based on feedback from CFOs, treasurers, cash management managers and financial officers in Saudi Arabia in regards to their banks' ability and track record in providing cash management solutions through their product and service offerings.

SABB provides a comprehensive range of integrated products and services such as payments, collections, and liquidity management solutions coupled with integrated market-leading electronic channels to help clients maximize their working capital positions through dedicated sales, product management, implementation, and customer service teams. Winning the Euromoney award is a testament to the importance SABB attaches to delivering superior and timely service to its customers.

The win is also a reflection of SABB's close partnership with Saudi firms and underscores the success and thought-leadership of SABB in the payments and cash management space.

David Dew, Managing Director of SABB, commented "The award clearly demonstrates that our approach to payments and cash management continues to be well-received in the Kingdom. We are committed to delivering top quality service, and are focused on creating value and tailored solutions that help our clients achieve their business objectives. The combination of our technical strength, extensive footprint in the Kingdom, and our global reach through our associate HSBC has positioned SABB as one of the strongest cash management banks in Saudi Arabia".