October 2023

Riyadh, 19/10/2023 : Saudi Awwal Bank has been awarded the “Market Leader in Digitizing Payments for Enterprise Merchants” by MasterCard. This award recognizes the outstanding efforts made by “SAB” in developing and enhancing digital payment systems for enterprise, reaffirming its position as one of the leading financial institutions in the field of finance and digital payments.

This award reflects recognition of "SAB" outstanding performance and significant achievements in enhancing the payment experience for enterprise. It embodies the diligent efforts made by the bank in developing the digital payment infrastructure and facilitating financial operations for Enterprise. "SAB" was honored during the award ceremony held in Dubai under the slogan "Reimagining Tomorrow's Transactions”.

Yasser Albarrak, Chief Corporate and Institutional Banking Officer at SAB, commented: "This achievement reflects our team's continuous dedication to providing advanced and secure digital payment solutions for our customers. We consider this award as an incentive to continue working diligently to enhance the payment experience for businesses and enterprise, always striving to deliver the highest level of quality and innovation in the field of digital payments. This award underscores our commitment to supporting our customers and helping them succeed in the digital business world.”

It is worth noting that "SAB" has made significant investments in providing innovative solutions for its customers. These efforts have resulted in a substantial improvement in the customer experience, enhancing convenience and security in financial transactions. The bank stands out as a leading innovator in the banking landscape and is one of the leading banks in the field of digital payments in the Kingdom.