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Dec 2009

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emeafinance has chosen Samba Dubai to win the "Best New Bank in the UAE award"

Samba Dubai has won the emeafinance's "Best New Bank in the UAE Award" for its achievements and success since obtaining its banking license and launching the business in Dubai, UAE, irrespective of the global financial turmoil. emeafinance is an international magazine specializing in monitoring and analyzing banking and financial businesses in Europe, the Middle East and North Africa.

The editorial coverage of this award will be published in the December - January 2010 edition of emeafinance. The awards panel included economic editors, financial analysts and consultants. The nominees included a number of leading banks and financial institutions operating in the MENA region. The results concluded that Samba Dubai has demonstrated high efficiency and proficiency in managing and providing financial and investment services since launching in the UAE market. It has also managed to gain the trust of its corporate and retail customers, building on the deep and broadexperience and expertise of Samba Financial group within the industry.

Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group, commented on the accolade, saying that: "This award complements Samba's rally in harvesting awards and high ratings that have been given to the Group in 2009, spanning all banking and investment areas, and including 16 different awards. It also embodies the appreciation from high profile international financial, banking and research institutions, reflecting Samba's dynamic performance and the success of its expansion strategy. This includes its well-established presence in Dubai, being the first Saudi Bank with a full presence in the UAE, where it has successfully reaped the rewards of its proven excellence and ability to maintain its standards in all of the geographies where it operates."

Samba Dubai was officially inaugurated in the UAE in November 2008 under the patronage of His Highness Sheikh Maktoom Bin Mohammad Bin Rashid Al Maktoom, Deputy Governor of Dubai, who opened Samba Financial Group's Head Office in Dubai, as the first Saudi bank to establish a full presence in the UAE marketplace. Samba Dubai's value propositions include an integrated selection of banking and financial services, such as corporate advisory and financing services, retail services, private banking, treasury and wealth management services.