The bank’s net profit increased by 45.1% in 2023 to $1.9 billion. By the end of 2023, SAB’s mortgage portfolio grew by 27% to hit $7.4 billion. HSBC Holdings B.V holds 31% of the bank, while Olayan ...
Saudi Gazette on MSN7d
Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets ForumSaudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).This achievement makes SAB the ...
Bahrain: HSBC Bahrain has been recognized as the Best Trade Finance Provider in the country, securing the top position for ...
In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at ...
In 2019, it merged with Alawwal Bank and changed its name to Saudi Awwal Bank (SAB – الأول ... the bank completed the sale and transfer of certain lines of business from HSBC Saudi Arabia to the ...
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