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The Saudi British Bank (SABB) has signed a project financing agreement with Nesma & Partners Contracting Company Ltd. worth $693 million (2.6 billion riyals) for the construction of a mall in the Saudi capital Riyadh, Zawya reports. The deal will Read more
Saudi British Bank, SABB, has appointed former CEO of Singapore HSBC Tony Cripps as its new CEO as incumbent managing director and chief executive officer David Dew is set to leave on May 23, 2021, reports say. Cripps boasts more Read more
The Saudi Ground Services Company (SGS) will provide a credit facility $133.3mln to Saudi British Bank (SABB) earmarked to cover the working capital required for operational operations, Zawya reports. SABB will pay back the murabaha credit after 30 months per Read more
The May-announced tie-up between Saudi British Bank (SABB) and Alawwal will take shape after boards of the two banks green-lighted the $5-billion deal. “The combination of SABB and Alawwal bank will create a powerful banking franchise ready to fuel growth Read more