June 2010

The Saudi British Bank (SABB) announced today that its subsidiary SABB Securities has been named the best sub-custodian in Saudi Arabia by Global Finance magazine in its 2010 survey. The survey measures the reliability of custody services provided in local markets and regions to global custodians.

“We take pride in receiving the award of best sub-custodian for the fourth time as a testimonial to the services we provide in Saudi Arabia, and we are pleased that our clients have expressed the positive experiences they had from dealing with SABB Securities.” said Adel Al Nasser, Chairman, SABB Securities.

“Sub-custodians provide the specialized services that make cross-border investing possible,” said Joseph Giarraputo, publisher of Global Finance. “We have identified those banks that do the best job of providing the high-quality services, advice and assistance that today’s increasingly sophisticated customers have come to expect.”

The annual survey, now in its seventh year, solicits feedback from Global Finance editors, reporters and other expert sources such as analysts, ratings agencies, consultants, customers and others involved in the industry to assess customer relations, quality of service, competitive pricing, technology platforms and knowledge of local regulations and practices

The global ratings included key banking and financial institutions operating in nine major regions in the world covering 65 countries, and involve a series of advanced evaluation criteria addressing the volume of equities operations, market share, extent of coverage, customer service excellence, and the quality of technology used to provide the service.

Details of the survey results will be published in the July/August edition of Global Finance. The winning banks will be presented their awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington DC in October of the year.

SABB Securities provides customers tailored domestic and international equity brokerage services, custody services, securities and clearance services in Saudi Arabia.