SABB, for the fifth consecutive year, has been recognised by Euromoney magazine as “The Best Cash Management Bank in Saudi Arabia” for 2012. This achievement comes on the heels of being awarded the “Best Bank in Saudi Arabia” title by the same publication.
The cash management award is based on feedback from CFOs, treasurers, cash management managers and financial officers in Saudi Arabia in regards to their banks’ ability and track record in providing cash management solutions through their product and service offerings.
SABB provides a comprehensive range of integrated products and services such as payments, collections, and liquidity management solutions coupled with integrated market-leading electronic channels to help clients maximise their working capital positions through dedicated sales, product management, implementation and customer service teams.
David Dew, managing director of SABB, commented, “The award clearly demonstrates that our approach to payments and cash management continues to be well-received in the Kingdom. We are committed to delivering top quality service, and are focused on creating value and tailored solutions that help our clients achieve their business objectives. The combination of our technical strength, extensive footprint in the Kingdom, and our global reach through our associate HSBC has positioned SABB as one of the strongest cash management banks in Saudi Arabia.”