The Saudi British Bank (SABB) has been named as the "Best Supply Chain Finance Bank Middle East" for 2018 by Global Finance magazine.
This recognition is based on the bank’s performance during 2017 taking into consideration growth in business, ability to structure complex deals, customer experience and innovation in supporting structured trade solutions (encompassing both receivables and payable financing) During the year, SABB further enhanced its proposition through successful expansion of product suite to cover Islamic RF and roll-out of an internet based front-end to support RF solutions that helped clients in optimizing working capital. Since launch of this product 4 years back, SABB has emerged as the pre-eminent provider of Receivables & Supply Chain Finance solutions in the region.
Commenting on winning the award, Mr. Ghassan Al Amoudi, General Manager Commercial Banking at SABB stated that : “This award clearly demonstrates that our approach to Trade & Receivable Finance continues to be well received within the Kingdom. We are committed to delivering the best-in-class services to help our clients achieve their goals and meet business challenges. The award serves to highlight that we continue to lead from the front in providing innovative and customized solutions for the increasingly diverse, challenging and complex trade and supply chain needs of our clients and are proud to be recognized by them and the market in this respect”.
This award adds to SABB’s strong track record and confirms its position as the leader in trade finance provider in the Kingdom. SABB has been awarded the Best Trade Finance Bank in the Kingdom for 2018 by Global Finance (for the tenth consecutive year), as well as the Euromoney “Best Trade Finance Provider” in KSA for 2018 for the second consecutive year.