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Saudi British Bank (SABB) and the Saudi Food Bank (Eta'am) have entered into a joint cooperation agreement to establish and operate the first central catering kitchen in the city of Riyadh, which will provide and process ready-made meals for beneficiaries of social security families, orphans and people with special needs.
According to the agreement, SABB will cover the costs of construction, operation and logistics necessary for the project, as part of SABB's community service programs, provided that “Eta'am” Bank will undertake the implementation and management of the entire project and develop sustainable partnerships with food companies based on the principle of preserving dry foods and turning them into ready-made meals.
This agreement is part of the two parties’ strategic cooperation relationship, in which SABB will continue to support “Eta'am” Bank’s initiatives and projects in the field of food preservation, render support to the partnerships and raise awareness among the community organizations and crystallize the concept of social solidarity.
The Central Kitchen is a new initiative in the field of preserving food, that aims to benefit from the waste of dry and canned foods in food/catering companies by turning them into fresh meals to distribute to selected beneficiaries. .
Notably, within the framework of its social responsibility programs, SABB continues its contributions to support and encourage social initiatives aimed at developing and building the community, as well as improving the living conditions of families in need.
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About Saudi British Bank (SABB):
Saudi British Bank (SABB) is a financial institution licensed and subject to the supervision control of the Central Bank of Saudi Arabia. SABB was incorporated in 1978G as a Saudi joint stock company, and it is an affiliate of HSBC Group.
SABB provides integrated financial and banking services, such as retail banking, corporate and investment banking, private banking, and treasury services. SABB's paid-up share capital is SAR 20.5 billion.
© Press Release 2021
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