SABB (Saudi British Bank)
SABB (Saudi British Bank) is a Saudi joint stock company and is an associated company of the HSBC Group. Saudi British Bank provides a wide array of personal, commercial, investment, institutional and Islamic banking products and services. It offers Amanah current and savings accounts, Amanah Mudarabah savings accounts, Amanah commodity investment accounts, Al Ruwaad accounts, lending products, financial planning, Islamic credit cards, private banking and wealth management. It also offers payments and cash management, treasury services, mutual funds, trade finance, business credit cards, personal and business internet banking as well as a range of Takaful plans for personal and corporate customers through SABB Takaful Company. SABB bank operates in Saudi Arabia through a network of over 80 full service branches including 19 ladies’ section branches, with a team of over 3,000 employees of whom 87% are Saudi nationals. SABB also has branch in London. The Bank was established in 1978 when it took over the operations of British Bank of the Middle East (now HSBC Bank Middle East) in Saudi Arabia. As of December 31, 2012, SABB had total assets of SAR 156.7 billion (US$41.8 billion), loans and advances of SAR 96.098 billion (US$25.6 billion), customer deposits of SAR 120.434 billion (US$32.1 billion) and total shareholders’ equity of SAR 20.066 billion (US$5.4 billion).
Saudi British Bank subsidiaries:
SABB Securities Limited, SABB Insurance Agency, SABB Insurance Services Limited (insurance broker) and Arabian Real Estate Company Ltd.
Credit Ratings (May 2013)
SABB head office:
SABB London Branch: