Saudi Awwal Financial institution (SAB), one of many main banks within the Kingdom of Saudi Arabia, has been acknowledged with international and regional honors by World Finance as a part of its Innovators Awards 2026, reaffirming the financial institution’s management in monetary innovation.
As a part of World Finance’s thirteenth annual Innovators Awards program, recognizing entities that usually establish new paths and design new instruments in finance, SAB was awarded the High World Monetary Innovation award for the world’s first Tokenized Islamic Repo experiment, a Shariah-compliant repo transaction on blockchain.
SAB was additionally acknowledged among the many High Monetary Improvements within the Center East for its Xperiment, a Safe Disconnected Innovation & Fintech Collaboration Platform.
Saeed Assiri, Chief Innovation Banking Officer at SAB, acknowledged: “This recognition from World Finance displays SAB’s continued deal with embedding innovation on the core of our technique. From advancing Shariah-compliant monetary options to enabling safe collaboration throughout the fintech ecosystem, we’re dedicated to growing options that improve effectivity, resilience, and long-term worth for our shoppers and the broader monetary sector to speed up monetary innovation in Saudi Arabia.”
These recognitions spotlight SAB’s function in driving the evolution of banking by means of superior applied sciences and progressive platforms. Because the monetary providers trade continues to be formed by digital transformation, SAB stays targeted on delivering impactful options that assist sustainable development and strengthen the Kingdom’s place as a world monetary hub.
About SAB:
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 energetic associate in supporting the Kingdom’s financial development and social improvement.
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 frontrunner in commerce finance, overseas trade, debt wholesale banking, digital service innovation, and ESG, in Saudi Arabia and the broader area.
SAB provides built-in monetary and banking providers, together with company banking, funding, personal banking, and treasury. The financial institution’s paid-up capital is SR 20.5 billion, following its authorized merger with Alawwal Financial institution on 14th March 2021, when it was previously often called the Saudi British Financial institution (SABB). SAB operates underneath the supervision and regulation of the Saudi Central Financial institution and is a associate of the HSBC Group.
