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The Saudi British Bank (SABB) were platinum sponsors of the Global Trade Review MENA conference, which is widely recognized as the most comprehensive and long-established trade finance gathering in the Middle East. The event held virtually, between February 15th and 17th, was attended by a group of decision-makers, senior experts, professionals, and leaders in the trade finance sector from various governmental and private institutions in the region.
The event welcomed over 800 key figures, from regional and global markets and provided access to hundreds of companies engaged in international trade, all of whom are keen to discuss their financing priorities and the future of trade in the Middle East. Agenda themes included the many infrastructure demands and requirements, the role of new technologies and innovations in creating a thriving environment for conducting trade business while offering an unrivalled platform for growing awareness of market.
Majed Najm, Deputy Managing Director, Corporate and Institutional Banking at SABB stated: "Our participation in this significant conference is a testament of the kingdom’s pivotal role in the region, making positive changes to the future of trade, as well as major strategic transformation led by Vision 2030. In addition to discussing how SABB is pioneering new technologies to more efficiently support the Trade finance requirements of companies from multinational through to SME. "
SABB is the leading banks in trade finance in Saudi Arabia by market share and according to several industry reviews, and was the first to launch several digital products and services aimed to promote the role of trade finance, including using blockchain technology in an effort to stimulate the economy and business development.
About the Saudi British Bank (SABB):
The Saudi British Bank (SABB) is a licensed financial institution operating under The Saudi Central Bank "SAMA". supervision and control. SABB was established in 1978 as a Saudi joint stock company. SABB is an associate company of the HSBC Group.
SABB offers integrated financial and banking services including personal banking, corporate banking, investment, private banking and treasury. SABB paid-up capital is SAR 20.5 billion, after the legal merger with Alawwal Bank, as the two banks became one entity and one of the largest banks in the Kingdom of Saudi Arabia.
© Press Release 2021
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