SABB Bank
SABB headquarters in Riyadh  

SABB Bank

The Saudi British Bank (SABB), a Saudi joint stock company, provides a wide array of personal, commercial, investment, institutional and Islamic banking products and services. It offers current and savings accounts, commodity investment accounts, Al Ruwaad accounts, lending products, financial planning, private banking and wealth management. It also offers cash management, treasury and trade services, mutual funds, business credit cards, Islamic 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 owns 51% of the shares of HSBC Saudi Arabia Ltd, a joint venture with HSBC. HSBC Saudi Arabia offers a full range of investment banking services including investment banking advisory, debt and project finance as well as Islamic finance. SABB Bank operates in Saudi Arabia through a network of 84 full service branches and 24 ladies sections, with a team of over 3,360 employees of whom 90% are Saudi nationals. 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 June 30, 2016, Saudi British Bank had total assets of SAR 192.328 billion (US$51.2 billion), loans and advances of SAR 130.022 billion (US$37.7 billion), customer deposits of SAR 150.418 billion (US$40.2 billion) and shareholders’ equity of SAR 29.802 billion (US$7.96 billion).

Ownership of SABB’s share capital:
HSBC Holdings - 40%
Saudi shareholders - 60%

Saudi British Bank subsidiaries:
SABB Securities Limited
SABB Insurance Agency Limited
SABB Real Estate Company Limited
Arabian Real Estate Company Limited

 SABB Credit Ratings

  Long Term Short Term
Standard & Poor's BBB+ A-2
Moody's Investors Service Aa3 P-1
Fitch Ratings A- F2

As of September 2016

Headquarters address:
Prince Abdulaziz Bin Mossaad Bin Jalawi Street (Dabaab)
P.O. Box 9084
Riyadh 11413Kingdom of Saudi Arabia
Phone number: +966 11 405 0677
Website: www.sabb.com

HSBC Head Office:
8 Canada Square
London E14 5HQ
United Kingdom