Saudi Awwal Financial institution (SAB), one of many main banks within the Kingdom of Saudi Arabia, has introduced its participation within the Sustainability Champions Program of the Ministry of Economic system and Planning (MEP). The official signing ceremony befell on Might 28, 2025, at SAB Tower, marking a key milestone in SAB’s dedication to sustainability.
The signing ceremony marked the start of a strategic collaboration centered on sustainability. Senior executives from SAB and the taking part mentees, who attended the occasion, emphasised the shared dedication to advancing sustainability throughout key sectors.
The MEP Sustainability Champions Program, initiated by the Ministry of Economic system and Planning, goals to boost sustainability efficiency throughout key sectors by partnering with organizations that exhibit management and a dedication to sustainable practices. As a mentor in this system, SAB will make the most of its in depth expertise and assets to assist and information its mentees on their sustainability journeys.
As a part of its position, SAB will mentor a choose group of distinguished organizations within the MEP Sustainability Champions Program, together with Dallah Healthcare Firm, Rawabi Holding Firm, Center East Paper Firm, and Metropolis Cement Firm. This initiative marks the start of a collaborative effort to boost sustainability practices throughout key sectors and obtain Imaginative and prescient 2030 objectives.
Tony Cripps, Managing Director of SAB, stated: “Sustainability is not a alternative—it’s a duty. Via our partnership with the MEP Sustainability Champions Program, SAB is taking tangible steps to construct the information infrastructure round sustainability and contribute to the Kingdom’s objectives. We’re proud to be a part of this forward-looking initiative, which aligns with our Environmental, Social, and Governance (ESG) technique and our dedication to supporting sustainable financial progress.”
SAB continues to exhibit its management in sustainability via its complete ESG technique. The financial institution is actively engaged in numerous initiatives aimed toward fostering sustainable financial growth according to Saudi Imaginative and prescient 2030. Via its partnerships with governmental our bodies, such because the Ministry of Economic system and Planning, SAB performs a key position in driving ahead the Kingdom’s sustainability aspirations, contributing to long-term, optimistic environmental and societal impacts.
Saudi Awwal Financial institution (SAB) is likely one of the largest banks within the Kingdom, with a historical past in Saudi Arabia spanning over 90 years. Over the previous 9 many years, it has been an lively companion in supporting the Kingdom’s financial progress and social growth.
SAB is a number one company and institutional worldwide financial institution within the Kingdom with a high Wealth & Private Banking proposition. SAB can be a pacesetter in commerce finance, overseas alternate, debt wholesale banking, digital service innovation, and ESG, in Saudi Arabia and the broader area.
SAB affords built-in monetary and banking providers, together with company banking, funding, personal banking, and treasury. The financial institution’s paid-up capital is SR20.5 billion, following its authorized merger with Alawwal Financial institution on 14th March 2021, when it was previously generally known as the Saudi British Financial institution (SABB). SAB operates below the supervision and regulation of the Saudi Central Financial institution, and is a companion of the HSBC Group.
