SABB official highlights priorities, goals of new merged entity

Majed Najm, deputy managing director of corporate and institutional banking at SABB

The merger between Saudi British Bank (SABB) and Alawwal Bank, which became effective in June 2019, is a new chapter in the history of Saudi banking sector, Majed Najm, SABB's deputy managing director of corporate and institutional banking told Argaam.

He added that the deal is an important opportunity to set up a financial institution with great potential and strong budget to play a major role in supporting the goals of Vision 2030, through financing the infrastructure and strategic projects as well as developing the financial sector and establishing new economic sector.

Regarding Alawwal customers, the official said transition plans have been prepared to meet their personal banking needs as well as their products and services, stressing that customers will not face any disruption of banking services.

SABB will provide the customers with seamless global access, due to its link to the HSBC Group, so a large number of customers can benefit from this international advantage, including the institutional banking, multinational companies, large companies and small and medium enterprises.

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