Euromoney Awards crowns SABB ‘Best Bank’ in Kingdom

David Dew (left), Managing Director of SABB, receives the ‘Best Bank in Saudi Arabia 2012’ award.

RIYADH — The Saudi British Bank (SABB) has been named the "Best Bank in Saudi Arabia" by the globally-renowned Euromoney Awards for Excellence. The awards are organized each year by Euromoney Magazine to celebrate the best financial institutions around the world when it comes to their overall performance relative to their competitors in the same market.

Managing Director of SABB David Dew received the award in a celebratory event organized in Dubai on Wednesday by Euromoney Magazine to honor all of the awards winners.

The announcement of winners of the Euromoney Awards for Excellence is the result of a rigorous process that takes into account a wide set of key financial indicators and data sets.

A carefully-selected team of reporters, senior editors and financial researchers go over a large number of entry submissions from leading financial institutions to reach a well-thought of decision by the editorial committee in charge of the awards.

Dew said "we are delighted to receive the Euromoney award, and view this recognition as a strong testament to the hard work and dedication displayed by our staff members throughout the Kingdom. We are proud to continue to serve our clients, and will continue to seek better ways to address their financial needs and enhance their customer experience." — SG