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March 2010
Mr. Stephen Green, Chairman of the HSBC Group, one of the world’s foremost financial services organizations, has just completed a visit to Saudi Arabia where he met a number of senior government officials and key customers of SABB, HSBC’s associate bank in the Kingdom. He was accompanied by Stuart Gulliver, Executive Director and Chairman, Europe, Middle East and Global Businesses, HSBC Group, and Simon Cooper, Deputy Chairman and Chief Executive Officer of HSBC Bank Middle East.
During his visit, Mr. Green talked with Saudi officials andrepresentatives of the Kingdom’s banking sector and capital markets. His meetings ranged over banking activities in the Kingdom, the promotion of innovative banking and investment initiatives and an exchange of views on the future direction of Saudi Arabia’s financial sector.
Mr. Green also made courtesy calls on some of SABB’s important customers and attended a reception hosted in his honor by SABB Chairman Sheikh Khaled S Olayan which was attended by dignitaries, government officials, customers and senior management of the Bank.. Sheikh Khaled said: “Stephen’s visit has reinforced the close partnership between SABB and HSBC and has confirmed the value to SABB’s customers of having immediate and consistent access to regional and international markets through HSBC.
“During 2010, the relationship will be deepened further as we continue to invest in technology and our people to improve SABB’s customer experience. In addition, we are implementing activities in concert with HSBC that will give our customers greater insight and understanding as they expand their businesses into key markets.”
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Saudi Awwal Bank, a listed joint stock company, incorporated in the Kingdom of Saudi Arabia, with paid in capital of SAR 20,547,945,220, commercial registration certificate 1010025779, unified number 7000018668, Mailing Address: P.O. Box 9084, Riyadh 11413. National Address: 7383 King Fahad Branch Rd, 2338 Al Yasmeen Dist., 13325 Riyadh, Kingdom of Saudi Arabia, Tel. +966 11 4050677, www.sab.com, licensed pursuant to the Council of Ministers Resolution No. 198 dated 06/02/1398H and Royal Decree No. M/4 dated 12/08/1398H, and regulated and supervised by the Saudi Central Bank.