January 2018

The Saudi British Bank (SABB) has been named by Euromoney as the “Best Trade Finance Service Provider” in Saudi Arabia for the year 2018. This is the 2nd successive year that SABB has picked up this coveted award , widely acknowledging SABB as the pre-eminent trade finance bank in the Kingdom.

This recognition is based on a survey carried out by Euromoney where Saudi corporates have recogonised SABB as the leading provider of trade finance products and services. The feedback takes into consideration corporates’ view on their banks' ability in providing Trade Finance products, solutions and quality of services.

In 2017, SABB continued its focus on client experience, innovation, and the development of trade opportunities for clients. During 2017, SABB successfully rolled out a number of digital trade finance solutions - SABB was the first bank in the Kingdom to partner with a leading global Fintech providing digitised trade solutions, expansion of channel capabilities to include Bank guarantees, launched value added front-end application to help clients manage receivables finance and better optimize working capital management etc. Other initiatives included an expansion of trade corridor initiatives with key trade partners of KSA, continued education of Saudi customers on emerging trends and risks associated with international trade through its “Trade Academy” initiatives; various customer engagements and thought leadership events aligned with Saudi Vision 2030 with participation from key industry experts; extension of its product suite and services; and continued expansion of its Receivable Finance proposition. SABB also provides unrivalled global connectivity through its association with the HSBC Group and a range of sophisticated and customized conventional and Sharia-compliant trade finance solutions to meet growing trade and supply chain needs of its clients.

Commenting on winning the award, David Dew, Managing Director at SABB, stated “This award clearly demonstrates that our approach to Trade & Receivable Finance continues to be well received within the Kingdom. We are committed to delivering the best-in-class services, and are focused on creating value that help our clients achieve their business objectives. SABB continues to remain at the forefront of innovations enabling clients to migrate trade transactions to electronic channels and reduce the level of dependency on paper documents. The award serves to highlight that we continue to lead from the front in providing innovative and customised solutions for the increasingly diverse, challenging and complex trade and supply chain needs of our clients and are proud to be recognized by them and the market in this respect”.