News 2009

Jan 2009

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Blair impressed by high standards of the Saudi banking sector
Al-Eisa gives Tony Blair a personal briefing on Samba's leading role in the local and regional banking sector

Mr. Eisa M. Al Eisa, Managing Director & CEO of Samba Financial Group, received Tony Blair, the Middle East Quartet Peace Envoy and former UK Prime Minister, at the Samba head office in Riyadh. Top Samba executives joined Al-Eisa in welcoming Blair who was accompanied by his team.

Al-Eisa extended a warm welcome to his prominent guest who was visiting the region on a humanitarian mission. Blair expressed admiration for the high standards of banking in Saudi Arabia, citing its strong fundamentals and the strength of the Saudi economy with its huge manufacturing and financial sectors.

Al-Eisa took the opportunity to brief Blair on Samba's leading role in the local and regional financial services sector, citing Samba's innovative products and services, its remarkable regional expansion and its dominance in local and international finance deals. Al-Eisa talked about the strong performance of Samba's investment portfolios which were anchored on prudent risk management policies to optimize local and global opportunities. Al-Eisa also cited Samba's strong performance which benefitted from the strong commitment of the local management to world class banking standards.

Al-Eisa credited the underlying strength of the Saudi economy for its resilience against the global financial crisis. He praised the government's support for mega-projects and its efforts to enhance the regulatory environment. This has contributed significantly to economic stability and continued growth in the face of the global turmoil. In turn, this has created an attractive environment for foreign investments filled with prosperous prospects for the future.