Al Eisa: Global Finance Magazine Awards Samba 'Best Bank in Saudi Arabia' for the fifth year in a row
Mr. Eisa M. Al Eisa, Chairman of Samba Financial Group, announced today that Global Finance magazine, a specialised international magazine for the banking and financial industry, has awarded Samba Financial Group the title of 'Best Bank in Saudi Arabia in 2010'. This is the fifth consecutive year that Samba has won this accolade. The selection commission for the awards is composed of editors, top industry analysts and specialists in the banking sector. The selection process targeted the highest performing banks in the emerging markets across 13 countries in the Middle East and comprises of a series of standards, such as growth of assets, profitability, strategic relationships, innovative products and competitive rates, through which Samba showed leadership amongst its peers and high performance across all activities.
To mark the occasion, Al Eisa said "this international recognition by an eminent specialist magazine confirms the leading position of Samba, given the success of its strategy in managing its banking and financial activities". Al Eisa added "Winning this accolade urges us to build on this positive performance and to launch more value propositions across all business sectors which have contributed significantly to the premiership, excellence and reputation Samba enjoys today."
Samba received more than 20 international awards throughout 2009; these include; 'Best Bank in Saudi Arabia' and 'Best Bank in Risk Management in the Middle East' awarded by Global Finance magazine, 'Best Equities Deal in the Middle East' (Sambacapital) by the Banker, 'Best Investment Bank in Saudi Arabia (Sambacapital) by Global Finance and Emeafinance and 'Best Retail Bank in Saudi Arabia' by Asian Banker magazine.