SABB named best cash management bank in Saudi Arabia

RIYADH: SABB has been recognized by Euromoney as “The Best Cash Management Provider in Saudi Arabia for 2015” for the eighth consecutive year.
The Euromoney Cash Management Award is based on feedback from CFOs, Treasurers, Cash Management Managers and Financial Officers in Saudi Arabia on their banks’ ability and track record in providing cash management solutions through their product and service offerings.
The announcement of this prestigious Award is the result of a rigorous process that takes into account a wide set of key indicators and solution sets.
Majed Al-Gwaiz, general manager, commercial banking at SABB, commented: “Customer recognition is a key to success and winning this coveted award is a strong testament which clearly demonstrates our focused approach to delivering cutting edge payments/cash management solutions and services consistently to our customers.”
He added: “The award is also an avid reflection of our clients’ experience with us in the payments and cash management space.”
Majed Al-Gwaiz said: “SABB remains committed in delivering top quality services, and is focused on creating innovative and tailored solutions that help our clients achieve their business objectives. The combination of our technical strength, extensive footprint locally and most importantly our global reach through our strategic partnership with HSBC have positioned SABB as the strongest cash management bank in Saudi Arabia”
SABB continues to provide its customers with a comprehensive range of integrated products and services: payments, collections, and liquidity management solutions coupled with market leading integrated electronic channels to help clients maximize their working capital positions through dedicated sales, product management, implementation, and customer service teams.