Mamdouh Fouad

Alawwal Bank

Our merger completes as Alawwal bank integrates into new SABB banking proposition Sunday 14th March saw the completion of SABB and Alawwal bank's historic merger, with services now combined for all customers. The integration saw the best of both institutions brought together into a renewed SABB proposition, designed around the growth ambitions of a transforming Kingdom. Since legally merging in June 2019, the integration saw every aspect of business reviewed to retain the best of each bank, while also investing to make a more competitive proposition overall. Today the bank offers Saudi Arabia's most complete corporate banking proposition to support growth in all aspects of the economy, from the smallest to largest businesses, through to financing the biggest infrastructure projects. Retail customers will also have access to a larger branch network Kingdom-wide, an award winning mobile app, plus a market leading rewards program and unrivalled savings account. The bank will further leverage its partnership with HSBC to offer access to an unrivalled international banking network, while also introducing new global standards in digital services to the Kingdom.