January
  • MSCI upgrades SAB’s ESG rating to BBB and ESG Invest awards SAB with a ‘Strong’ ESG Investment Rating.
February
  • Global Finance awards SAB with the ‘Best Trade Finance Provider’ award.
  • SAB reports 4Q23 results beating analyst expectations and hitting guidance.
March
  • SAB takes #3 position in REDF mortgage origination delivering % 3.6 bln total mortgage originations in the first quarter.
April
  • SAB collaborates with the Saudi EXIM Bank and the Kafalah programme in a significant move to bolster the SME sector in the Kingdom.
  • SAB is awarded ‘Best Private Bank in Saudi Arabia’ by Euromoney during their Private Banking Awards 2024, for the second consecutive year.
May
  • SAB becomes the first bank in the Kingdom to be certified as an ‘Innovation Accreditation’ by the Global Innovation Institute, affirming its leading position in innovation in the region.
  • SAB announces its 1Q24 results with faster-than-market loan growth and strong RoTE accretion.
June
  • SAB is awarded Euromoney’s ‘Best Bank for ESG’ award for the second consecutive year, recognising its key contribution towards shaping corporate sustainability discussions in the Kingdom.
July
  • HSBC and SAB sign an MoU to strengthen their collaboration to accelerate financial innovation. This strategic alliance comes as Saudi Arabia aspires to become a hub for financial innovation through Vision 2030.
  • Saudi Awwal Bank becomes first bank in Saudi Arabia to receive Local Content Certificate.
August
  • SAB announces its 1H24 results with % 4.1 bln of net income, with continued faster-than-market loan growth.
September
  • SAB achieved the financial close and drawdown to fund the Ar Rass 2, Saad 2, and Al Kahfah solar PV projects in central and north Saudi Arabia.
October
  • SAB launches its ‘Balance Programme’ with the aim of fostering a culture of equality and diversity at SAB.
  • SAB announces its 9M24 results: Records % 5.9 bln of net income.
November
  • As part of SAB’s commitments to plant one million trees, SAB employees participated in tree planting activity in Rabigh.
December
  • Central Bank announces launch of Samsung Pay in Saudi Arabia; over 17,000 customers have provisioned their cards, resulting in % 2 mln in transactions approved since the launch.
  • SAB’s CIB portfolio passes the % 200 bln mark.
  • 73% increase in SME accounts, with 8,500 new accounts opened.