News 2008

Nov 2008


Voted by Global Finance and Euromoney

Samba Named "Best Treasury Services Bank in the Middle East"

For the second year in a row, Samba Financial Group has been named Best Foreign Exchange Bank for 2008 by Global Finance magazine. The award recognizes Samba's leading position in forex and interest rate transactions, its impressive performance in the local and international markets, and its consistent leadership and pioneering position in the industry. Earlier, Euromoney magazine also named Samba as the Best Treasury Bank in the Middle East, affirming Samba's industry-leading performance in the international level.

The award was received by Dr. Shujaat Nadeem, head of Samba's Treasury Group. Samba Financial Group was voted for both awards by a panel consisting of the magazines' editors, with input from industry analysts, corporate executives and technology experts. The panels based their winning selection on transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technology.

Samba Financial Group credits the twin accolades to the group's consistent commitment to the highest standards of excellence in all its offerings. It also validates Samba's relentless efforts to become a leading industry innovator, designing services based on the evolving needs and aspirations of its clients. Samba commended its staff for their commitment and valuable contribution to the continuing success of the group.

Samba Financial Group also pointed out that the continuous flood of accolades and ratings upgrades from leading international ratings agencies speak volumes about Samba's pre-eminent position in the Saudi banking industry. After posting steady year-on-year growth, the Group continues to pursue its strategy to maintain the highest confidence in its performance.