Saudi Awwal Bank
Riyadh · Founded 1978
About Saudi Awwal Bank
Saudi Awwal Bank offers an integrated set of market-leading financial and investment solutions. The company formerly known as Saudi British Bank (SABB) is partially owned by HSBC Holdings plc, which holds a significant minority stake, reflecting its long-standing connection with international banking expertise. In 2019, SAB merged with Alawwal Bank, creating the third-largest bank in Saudi Arabia by assets. This merger brought together their complementary strengths in corporate, retail, and investment banking. Saudi Awwal Bank (SAB) provides a comprehensive range of banking products and services designed to meet diverse customer needs. Its retail banking services include personal accounts, savings, credit cards, mortgages, and personal loans, catering to individual financial goals. In corporate banking, SAB supports businesses with financing solutions, cash management, and trade services to facilitate growth and operational efficiency. The bank’s investment banking division offers financial advisory, wealth management, and capital markets services, helping clients navigate complex financial markets. Additionally, SAB delivers Sharia-compliant Islamic banking solutions tailored to both individuals and businesses, ensuring adherence to Islamic finance principles.
Company Facts
- Founded: 1978
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 1,001 – 5,000
- Estimated revenue: $1M – $10M
- Total funding: $1.1B
- Last round: Debt Financing (Dec 2024)
- Website: sab.comen
- Phone: 800 124 8888
Industries & Categories
Banking, Finance, Financial Services
Social Profiles
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