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Sabb Named ‘best Bank For Sustainable Finance In Saudi Arabia’ For 2022 | |
| Staff Writer |
The Saudi British Bank has been awarded “Best Bank for Sustainable Finance in Saudi Arabia” for the year 2022 by Global Finance magazine, as part of its annual Excellence Awards, which honour the best financial institutions globally.
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SABB’s awards show the bank’s efforts and contributions to the Kingdom’s and the region’s overall sustainability and environmental, social, and institutional governance.
The awards program recognizes global and regional leadership in sustainable finance and funding for initiatives designed to mitigate the negative impacts of climate change, helping to build a more sustainable future for humanity.
“At SABB, we are proud of the significant progress we have made in the fields of sustainability and social responsibility,” said Yasser Al-Barrak, chief executive officer of corporate and institutional banking.
“This award is a true testament to the pivotal role that the principles of social and environmental sustainability play in the bank’s strategy.
SABB is one of the leading banks in financial innovation, established in 1978 as a Saudi joint stock company. It is an associate company of the HSBC Group.
It offers integrated financial and banking services including personal banking, corporate banking, private banking and investment and treasury services. SABB’s paid-up capital is SR20.5 billion ($5.46 billion).