News 2007

June 2007


For the Second Year in the Row Samba Named "Best Bank in Saudi Arabia, 2007"

Once again, and for the second consecutive year, Global Finance has chosen Samba Financial Group for its prestigious award: "Best Bank in Saudi Arabia, 2007". The Award signifies Samba's optimal performance and provision of world-class services. A dedicated research team and awards panel selected Samba for the Award after evaluating and rating all submissions from the Kingdom's banks and financial institutions, based on several factors and qualitative and quantitative criteria, such as key performance indicators, financial ratios, deals volumes and innovation over the previous 12 months period .

Mr. Eisa Al-Eisa, Samba Managing Director & CEO, commented on the event saying that "this accolade reflects the great confidence and high reputation and standing enjoyed by Samba under its local management, and emphasizes its pivotal role in the Saudi financial and banking sector. It is decided by global professionals and experts in the industry, which indicates samba's compliance with the internationally recognized standards of the industry.

"Winning this Award for the second consecutive year reflects our conformance with the international banking and financial criteria, highlights the success of our approach in developing our competencies and competitive edge and reflects our resounding reputation, building over the previous achievements and enhancing our established track record in the industry" Al Eisa was quoted as saying. Al Eisa also added "although we are accustomed to such achievements, but they inspire us and prompt us to proceed with our developmental strategies, which make Samba choice No. one for the clients".

Finally, Mr. Al-Eisa extended his deep thanks and gratitude to Samba customers for their loyalty and Samba employees for their professional efforts and endeavors for excellence.