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June 2022
The Saudi British Bank (SABB) sponsored the UK-Saudi Renewable Energy Forum organized by the Saudi British Joint Business Council (SBJBC) on Tuesday, June 28, 2022, in London.
The forum brought together a group of UK and Saudi ministers, senior government officials, businessmen, and investors for a series of interactive talks and panels on investment opportunities in clean energy programs in the UK and Saudi Arabia.
The discussions focused on the vital role of green financing in assisting with the energy transition; opportunities for private sector participation in developing clean technologies; and promoting collective cooperation for a more sustainable future.
"We are honored to be a part of this incredibly important forum to explore the various opportunities for renewable energy collaboration between the two Kingdoms," said SABB CEO, Tony Cripps, during the forum's discussion sessions. "We are proud of our role as a financial institution in the process of sustainable development led by the Kingdom's Vision 2030."
“At SABB, we are deeply committed to sustainability, and it is central to our strategy. We will do everything we can to support green initiatives to create a more sustainable future and achieve leadership in environmental, social, and corporate governance (ESG), and we are taking significant steps to lead in the Kingdom and the region as a whole. " He added
"We have recently launched the first green deposit product in the region with HSBC Group." We have also acted as lead arrangers for the Red Sea giga-project financing, the first green loan in the Kingdom. "In addition to our contribution to the Green Saudi Initiative, SABB is fully prepared to support sustainable development and the Kingdom's vision 2030."
The forum follows the hugely successful Sustainable Investment Forum in London in July 2021, demonstrating the UK and Saudi Arabia's growing commitment to investing in sustainable energy, combating climate change, and achieving zero carbon emissions.
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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.