Saudi Awwal Bank named "Best Bank in Saudi Arabia for 2025" for the 6th year in a row

12/05/2025 02:40 AST

Saudi Awwal Bank (SAB) has been recognized as the "Best Bank in Saudi Arabia for 2025" by Global Finance magazine. This prestigious accolade highlights SAB's leadership in the Saudi banking sector and reaffirms its ongoing commitment to delivering innovative financial services that meet the evolving needs of its customers while supporting the ambitious goals of Vision 2030.

This recognition is a testament to the confidence the financial sector places in SAB. Over the past years, the bank has solidified its position as a high-performing financial institution through continuous growth in assets and profitability, expanding its customer base, and adopting cutting-edge financial technologies that enhance the customer experience.

SAB was selected for this award by a panel of international financial experts, who based their decision on a comprehensive set of criteria, including financial performance, business growth, service quality, digital transformation initiatives, risk management practices, and sustainability strategies.

Commenting on the occasion, Tony Cripps, Managing Director and CEO of SAB, said: "This recognition is a testament to the dedication, commitment, and hard work of all our employees in delivering the best banking experience for our customers. It also underscores our ability to adapt to the rapid transformations taking place in the financial sector and reflects our success in implementing a strategy focused on customer-centricity and sustainable innovation."

He added: "We remain committed to continuously enhancing and evolving our financial services to create a holistic banking experience that empowers our customers to achieve their goals, while also strengthening our contribution to the growth of the Saudi economy."

SAB continues to reinforce its position as a leading financial institution through its adoption of the latest banking technologies. Guided by a strategy aligned with national economic priorities and social responsibility, the bank plays a vital role in driving development and empowering the financial sector in the Kingdom.

Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom's economic growth and social development.

SAB is one of the leading corporate and institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence.

SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury.

SAB paid-up capital is SR20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank, and a partner of the HSBC Group.

Saudi Gazette