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Mossaad Bin Jalawi St. (Dabaab), P.P. Box 9084 Riyadh 11431, Saudi Arabia Tel. +966-1-405-0677 Fax +966-1-405-8418 |
Type: Private
On the web:
http://www.sabb.com.sa
Employees:
2,251
The Saudi British Bank (SABB) provides personal, private, and corporate banking services to customers across Saudi Arabia. Founded in 1978, SABB operates a network of about 75 branches (including a dozen locations exclusively for women), offering deposits, loans, and Takaful (cooperative insurance that complies with Islamic law). It also issues VISA and MasterCard credit cards, as well as the SABB Amanah card, which offers monthly payment plans that adhere to Islamic principles. Corporate services include cash management, treasury, and investment banking through HSBC Saudi Arabia Limited. British banking giant HSBC owns about 40% of SABB; Saudi nationals own 60%.
Key numbers for fiscal year ending December, 2008:
Sales: $1,746.9M
Officers:
Chairman: Khaled S. Olayan
Managing Director and Board Member: Richard Groves
Deputy Managing Director: Adel Al Nasser
Competitors:
British Arab Commercial Bank
Gulf International Bank
Samba Financial
