Following the successful merger and integration of SABB and Alawwal Bank, SABB is now SAB – الأول and will operate as Saudi Awwal Bank

Following the successful merger and integration of SABB and Alawwal Bank, SABB is now SAB – الأول and will operate as Saudi Awwal Bank

- Incorporating into our name ‘Alawwal’, which means first in Arabic, reflects a long history as a pioneer and innovator, a history that goes back to 1926.

- SAB - الأول will remain an innovator at the forefront of the financial services industry in the Kingdom, leveraging its pioneering roots in the Kingdom and its historic and very successful partnership with HSBC Group.

RIYADH, SAUDI ARABIA:– Saudi British Bank (SABB) announced today that it has renamed itself to become SAB – الأول , the new name and identity of the bank comes two years after the successful, historic merger and integration of SABB and Alawwal Bank – a process that took 18 months, during which the merged entity continued operating as ‘Saudi British Bank.’ Following final regulatory and shareholders’ approvals, SAB – الأول will operate as ‘Saudi Awwal Bank.’

Lubna Olayan, Chair, SAB – الأول, said: “From our position of strength, I am confident that we will now continue to grow and thrive as SAB - الأول - Saudi Awwal Bank, and build a brighter future for our customers, our employees, and the Kingdom. Our position of strength comes from the unique combination of two innovative financial institutions that have supported the growth