The Saudi British Bank (SABB) is a Saudi joint stock company and is an associated company of the HSBC Group. The Bank 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, Islamic credit cards, private banking and wealth management. It also offers cash management, treasury and trade services, mutual funds, 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 owns 51% of the shares of HSBC Saudi Arabia Ltd, a joint venture with HSBC. HSBC Saudi Arabia provides 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 about 100 full service branches including 18 ladies sections, with a team of over 3,300 employees of whom 90% 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 June 30, 2015, Saudi British Bank had total assets of SAR 192.328 billion (US$51.3 billion), loans and advances of SAR 126.551 billion (US$33.777 billion), customer deposits of SAR 151.019 billion (US$40.3 billion) and total shareholders’ equity of SAR 27.252 billion (US$7.3 billion).
SABB Securities Limited SABB Insurance Agency Limited SABB Real Estate Company Limited Arabian Real Estate Company Limited
Credit Ratings (October 2015)
Standard & Poor's
Moody's Investors Service
Head office address: P.O. Box 9084 Riyadh 11413 Kingdom of Saudi Arabia Phone number: +966 (0) 1 4050677 Fax: +966 (0) 1 405 0660 Website: www.sabb.com, www.sabbtakaful.com
SABB London Branch: 18c Curzon Street Mayfair, London United Kingdom W1J 7SX Tel: 020-7409-2567