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ATM & BranchesSaudi Awwal Bank signs partnership agreement with Wise to enhance international money transfers
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September 2023
Saudi Arabia, 04/09/2023 – Saudi Awwal Bank has entered into an agreement with Wise, a global leader in international money transfers and management, with the aim to provide "SAB’s" customers with fast, secure, and cost-effective solutions for sending and receiving money internationally.
This agreement falls within the framework of "SAB’s" contribution to achieving the goals of the Financial Sector Development Program, stemming from Saudi Vision 2030. It also aligns with the bank's endeavor to stimulate investment and its strategy, which focuses on providing cutting-edge banking solutions.
Bandar Al-Gheshayan, Chief of Wealth & Personal Banking Officer at SAB, stated: "This partnership is part of our efforts to empower customers to carry out seamless and efficient international transfers, adhering to the highest standards of quality, speed, and security, we also look forward to continuing our contributions to the development of the financial sector in the Kingdom, keeping pace with digital transformation by offering the best modern digital banking solutions. We are dedicated to delivering exceptional digital services, utilizing state-of-the-art technologies that support the rapid evolution of the financial sector."
Steve Naudé, Head of Wise Platform, commented: "We are pleased to have this partnership with "SAB", which is one of the leading and distinguished banks in the region. Through this collaboration, we aim to make international payments fast and easy, allowing "SAB’s" customers to benefit from Wise's innovative technology through the bank's digital channels. They can track their transfers in real time and take advantage of competitive exchange rates and low fees. We continuously strive to expand our partnerships with leading financial institutions around the globe."
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© SAB, Saudi Arabia. All Rights Reserved, 2024
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.