SABB receives CIPS award for excellence in procurement program

SABB receives CIPS award for excellence in procurement program

The Saudi British Bank (SABB) has received the Chartered Institute of Purchasing and Supply (CIPS) "Excellence in Procurement Program (PEP)" award for successfully completing the comprehensive standards for the development of its procurement and supply activities and achieving excellence in managing procedures at the standard level.

The Procurement Excellence Program Award is considered one of the most prestigious international awards, and it is given to institutions and companies that achieve the highest levels of excellence in procurement activities and supply chains, based on an independent and comprehensive evaluation designed specifically for the procurement functions. The program promotes continuous improvement and value throughout supply chains and emphasizes procurement's position as a critical component of an organization's strategy and effectiveness.

SABB was commended by the PEP assessors for demonstrating strong controls over their procurement processes and building guiding manuals to ensure clarity of their procurement and supply activities. The senior leadership at the bank also showed commitment to the highest standards of governance by developing the skills and capabilities of human resources to deliver the best results.

"Winning this award is an excellent start for the year 2023," said Ghada Al-Jarbou, Chief Operating Officer at SABB. "It reflects the bank's commitment to constantly improving the