For the third year in a row, Samba Financial Group has managed to boost its position on the list of safest 50 banks in the world, maintaining its position as the safest bank in Saudi Arabia in 2012, as part of the annual assessment conducted by the internationally renowned, "Global Finance" magazine, a leading publication that specializes in banking and finance. The survey, used to draw up the list of 50 safest banks in the world, evaluated the long-term creditworthiness of the 500 largest banks around the world, along with the strength of their assets based on their credit ratings from the leading international rating agencies such as "Moody's'', "Standard & Poor's" and "Fitch". Samba showed outstanding performance and high credit quality which enabled it to maintain a position on the list.
Samba Financial Group has concluded a training workshop for the small and medium enterprises (SME) sector, conducted under the umbrella of SME Kafalah Program for financing SMEs, in coordination with the Chamber of Commerce and Industry in Riyadh. The workshop was attended by a group of entrepreneurs from the SME sectors, who intend to start launching their businesses in various productive sectors.
SambaCapital, the investment arm of Samba Financial Group, has been awarded 'Best Islamic Investment House' by Global Finance magazine, a specialist international financial publication. The award, which will be officially presented to SambaCapital at a ceremony on Saturday, 13 October 2012 in Japan, acknowledges SambaCapital's outstanding performance in Shariah compliant offerings, from its high profile SR 10 billion innovative Islamic refinancing advisory for Mobily to being assigned as a joint lead arranger and joint bookrunner of the landmark SR 3.75 billion project finance sukuk for Saudi Aramco Total Refining and Petrochemical Company (Satorp).
The Banker magazine has named the SATORP Sukuk deal as 2012's 'Deal of the Year in the Middle East for Infrastructure and Project Finance'. The landmark SAR 3.749 billion Sukuk issuance for Saudi Aramco Total Refining and Petrochemicals Company (SATORP), for which SambaCapital acted as a Joint Lead Manager and Joint Bookrunner, represented the first project Sukuk issuance in Saudi Arabia and the region.
Samba Financial Group has maintained its position as best foreign exchange bank in Saudi Arabia for the sixth consecutive year, according to the annual survey by "Global Finance", a leading international banking and finance magazine. For the sixth consecutive year Samba was named "Best Foreign Exchange Bank in the Kingdom in 2012", in recognition of superior standards of performance and exemplary services within the industry.