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The bank traces its origins to the British Bank of the Middle East which was acquired by HSBC in 1959. 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.
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).
Saudi British Bank (SABB) and Alawwal Bank have agreed a merger to create Saudi Arabia's third-biggest lender, in a $5 billion deal that marks the first major banking tie-up in the kingdom in two ...
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. On 14 March 2021, Alawwal was fully merged with SABB. [4]
On 16 June 2019, Olayan was named Chairwoman of the Saudi British Bank (SABB), [5] making her the first Saudi woman to head a bank. [6] She was reappointed in January 2020 to serve a three year term, and assumed to hold to the position after the merger between SABB and Alawwal Bank.
Shaikh Abdullah Mohammed Al-Hugail (Arabic: عبد الله محمد الحقيل; born 1942, Al Majma'ah, Saudi Arabia) is a businessman. He is the former and longest-serving Chairman of the Saudi British Bank SABB (an affiliate of the HSBC Group) for nearly twenty two years. [1] From 1997 to 2005 he was a member of the Majlis Al Shura.
LONDON (Reuters) -Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S ...
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