Top 100 Companies in the Middle East 2021

SR.No: 47

Saudi British Bank (SABB)

Sector: Banks & Financial Services

Date of Establishment: 1978
Country: Saudi Arabia
CEO  and Managing Director: Tony Cripps

Sales: $2.6 billion

Profits: $-1.1 billion

Assets: $73.7 billion

Market Value: $16.8 billion

SABB was formed as a subsidiary of HSBC in Saudi Arabia. HSBC is still a major shareholder in the bank. The bank has around 80 branches in Saudi Arabia and one branch in London. The bank provides services in investment banking, commercial banking, private banking, and Islamic banking. In 2019, SABB completed its merger with Alawwal Bank, creating Saudi’s fourth-largest bank in terms of assets. Tony Cripps became Managing Director and CEO in May 2021.