News 2007

July 2007


Samba Awards Rally in 2007 Boosted by 3 New Accolades
Euromoney Named Samba
"Best Bank in Saudi Arabia and Middle East in 2007"

Euromoney has selected Samba Financial Group for 3 of its annual prestigious awards: "Best Bank in Saudi Arabia, 2007", "Best Investment Bank in the Middle Ease and Africa 2007", and "Best Equity House in the Kingdom 2007". Samba has received the 3 accolades during a ceremony held recently in Abu Dhabi, UAE to celebrate the winners of the Magazine's annual Awards for Excellence among the banks and financial institutions in the Middle East.

Samba has won these accolades from this global trade finance Magazine after a review of more than one hundred submissions from regional banks and brokerage companies. The judges and industry experts selected Samba for the 3 accolades based on several factors and qualitative and quantitative criteria applied by a dedicated survey team including consultants and judges who allocate detailed points for performance criteria such as financial ratios, volume of deals and innovation and creativity during the last 12 months.

Mr. Eisa Al-Eisa, Samba Managing Director & CEO, commented on the awards saying "the rating results signify the supremacy of our banking vision in developing our financial and banking services which we render in world class professional style, especially the accolades have been decided by editors, global professionals, experts and financial analysts who selected Samba for its overall strong performance locally and regionally thanks to our high quality standards of financial and banking services that are matching with global standards".

"The supremacy of our banking performance as reflected in the many accolades we annually win is becoming deeper and wider every day. The many awards we have won so far in 2007 is a mere indication of our well planned approach springs from our understanding of our local community and its evolving needs coupled with our world-class outlook, which boosts our local and regional preeminence" says Al Eisa, and added "my delight in such awards is stemmed from my confidence in our performance, service standards, and staff dedication to elevate Samba to new heights".

Euromoney is specialized in rating Global trade finance businesses. For 15 years now, Euromoney has been giving annually its prestigious awards for excellence to the banks and brokerage companies in the global banking industry.