The Saudi British Bank (SABB)

SABB headquarters in Riyadh

The Saudi British Bank (SABB) is a Saudi joint stock company and an associate of HSBC Holdings plc. The company provides a wide array of personal, commercial, investment, institutional and Islamic banking products and services including current and savings accounts, commodity investment accounts, Al Ruwaad accounts, lending products, financial planning, private banking and wealth management. It also offers cash management, treasury and trade services, mutual funds, business credit cards, Islamic credit cards, personal and business internet banking as well as a range of Takaful plans for personal and corporate customers through SABB Takaful Company. SABB Bank operates through a network of 84 full service branches and 24 ladies sections, with a team of over 3,200 employees of whom 90% are Saudi nationals. The Bank commenced business in 1978 when it acquired the operations of British Bank of the Middle East (now HSBC Bank Middle East) in Saudi Arabia. SABB owns 51% of the shares of HSBC Saudi Arabia Ltd, the first full-service investment bank to be established in the country. As of June 30, 2017, Saudi British Bank had total assets of SAR 182.5 billion, loans of SAR 117.9 billion, customer deposits of SAR 138.3 billion and shareholders’ equity of SAR 32.7 billion.

SABB shareholders:
HSBC Holdings BV - 40%
Saudi shareholders - 60%

Saudi British Bank subsidiaries:
SABB Securities Limited
SABB Insurance Agency Limited
SABB Real Estate Company Limited
Arabian Real Estate Company Limited

 SABB Credit Ratings

Headquarters address:
P.O. Box 9084
Riyadh 11413
Kingdom of Saudi Arabia
Phone: +966 920007222
SWIFT Code: SABBSARI
Website: www.sabb.com