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In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger ...
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The Alawwal Bank (Arabic: البنك الأول), previously known as Saudi Hollandi Bank, was a Saudi Arabian bank based in Riyadh, Saudi Arabia.It was the first operating bank in the Kingdom of Saudi Arabia and was founded in 1926 as a branch of the Netherlands Trading Society.
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HSBC Saudi Arabia Limited is a joint venture between The Saudi British Bank (SABB) and HSBC Holdings plc, [2] established in 2005, as a limited liability company headquartered in Riyadh, Saudi Arabia with a share capital of SAR 50 million (US$13.33 million).
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Bank name (English) Bank name (Arabic) Headquarters Founded Stock code [3]; Saudi National Bank (SNB) البنك الأهلي السعودي: Riyadh: 1953
SABB may refer to: SABB (Saudi bank) or Saudi British Bank, a subsidiary of HSBC; SABB S.A., an Argentine rolling stock manufacturer. Sabb may refer to: Sabbatical officer or sabb, in UK students' unions; Sabb., an abbreviation related to the Moed; Sabb Motor, Norwegian company making small marine diesel engines