SABB were platinum sponsors of the Global Trade Review MENA conference, which is widely recognised as the most comprehensive and well established trade finance gathering in the Middle East.
MARCH
SABB and Alawwal Bank’s historic integration was completed, with all products and services combined for all customers on ‘Customer Day 1’.
KAUST hosted the TAQADAM start up accelerator showcase in partnership with SABB.
Euromoney named SABB the “Best Trade Finance Service Provider” and “Market Leader’’ in Saudi Arabia.
SABB partnered with Saudi fintech ‘Geidea’ to launch ‘Tap on Phone’.
SABB became the first bank in the Kingdom to introduce an instant, digital international money transfer service.
APRIL
SABB started its annual programme ‘SABB Ramadan Basket’ for this year, in collaboration with 12 charities, to distribute food baskets to families in need around the Kingdom.
SABB participated in the Red Sea Development Company’s first ever Riyal-denominated Green Finance credit facility with a SAR 14 bln loan.
MAY
SABB welcomes Tony Cripps, a seasoned banker from the HSBC Group, as the Bank’s new Managing Director, and launches its new 5-year strategic plan.
Alawwal Invest (AI) entered into an agreement with HSBC Saudi Arabia related to the transfer of HSBC’s asset management and retail businesses to AI.
JUNE
SABB won the ‘Saudi Arabia’s Best Bank 2021’ award by Global Finance Magazine for the second year in a row.
SABB signed a cooperation agreement with Takamol Business Services. The agreement aims to enhance SABB’s digital strategy by digitising training programmes offered by the SABB Academy.
JULY
SABB sponsored a major sustainable investment forum organised by the Saudi British Joint Business Council (SBJBC) in London, with discussions focused on exploring the best ways to support the transition to a more sustainable economy, and how the UK and KSA can constructively collaborate towards their sustainability goals ahead of COP 26.
AUGUST
SABB won the ‘Best Developed Financing Provider’ in the Sakani Housing Programme.
SABB was named the ‘Best Bank in Saudi Arabia’ for 2021 by Euromoney.
SEPTEMBER
SABB and the Saudi Food Bank (Eta’am) entered into a joint cooperation agreement to establish and operate the first central catering kitchen in the city of Riyadh, to provide ready-made meals for beneficiaries of social security families, orphans and people with special needs.
SABB was named ‘The Leading Bank in Financing Sustainable Projects in the Middle East’ and ‘Best Consumer Digital Bank’ by Global Finance.
OCTOBER
Saudi Arabian Airlines (SAUDIA) announced the launch of the revamped SABB-ALFURSAN Mastercard Platinum co-branded credit card in partnership with SABB.
SABB became the first Saudi Arabian institution to present a green deposit, where SABB deposited funds to HSBC to be used to finance green initiatives.
SABB signed an MoU with the Green Horizons Environmental Association to jointly achieve the objectives of the Saudi Green Initiative.
SABB sets up a focussed Digital Office to lead the Digital transformation.
NOVEMBER
SABB went live with an instant, cross-border transfer service for the US corridor through the Blockchain payment technology powered by Ripple.
SABB launched the Technology Sector Financing Programme, designed to finance MSMEs in the Information Technology sector, in cooperation with the National Technology Development Programme and the Kafalah Programme.
SABB launched a Shariah Compliant Supply Chain Finance Solution to increase financing to the SME sector and meet customers’ needs, in line with Vision 2030.
DECEMBER
SABB was named ‘Saudi Arabia’s Best Customer Service Bank’ 2021 from Global Business Outlook.
