News 2010

May 2010

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Al-Eisa Briefs Tony Blair on the Latest Developments in the Saudi Economy and Banking Sector

Mr. Eisa M. Al Eisa, Chairman of Samba Financial Group, received Tony Blair, former UK Prime Minister and the Middle East Quartet Peace Envoy, at Samba's head office in Riyadh. Top Samba executives joined Al-Eisa in welcoming Mr. Blair and his team.

Mr. Blair expressed his admiration for the Kingdom of Saudi Arabia's high standing at an international level, and for the strength of the Saudi economy, which has evolved into one of the leading emerging economies in the world. Mr. Blair also commended the high standards of the Saudi banking and financial sector and its well established reputation, as recognised by the global economic organizations and evident in the top performance of Samba Financial Group.

On his part, Mr. Al Eisa extended a warm welcome to Mr. Blair and praised his vital role and continued efforts in resolving international conflicts. They exchanged cordial talks and reviewed economic developments at both a regional and international level.

Al Eisa briefed his guest on the latest developments in the Saudi economic landscape. He highlighted the development and growth experienced in various Saudi economic sectors, specifically the banking and financial industry, of which Samba continues to be a vital pillar. This industry took great strides, thanks to the wise policies of the Kingdom's leadership, which contributed to maintaining the strength of the national economy and strengthened its position, meeting the challenges that hit global financial markets. During his speech, Al Eisa addressed the successful experience of the Saudi banking sector in general, and Samba Financial Group in particular, which has gone a long way in terms of development and sophistication, in tandem with the international banking and financial institutions. Samba has been able to spread its footprint in different markets thanks to its high standards, efficient performance, and ability to innovate.

It is worth noting that this is Mr. Blair's second visit to Samba Financial Group, having made a similar visit in January of last year.