Latest news with #TonyCripps
Saudi Gazette
21-05-2025
- Business
- Saudi Gazette
Saudi Awwal Bank wins Euromoney Best Bank for ESG award for third consecutive year
Saudi Awwal Bank (SAB) has once again been named 'Best Bank for ESG' in Saudi Arabia by Euromoney for the third consecutive year, reaffirming the bank's leadership in driving sustainable finance and advancing ESG principles across the Kingdom's banking sector. This prestigious recognition reflects SAB's continued commitment to embedding environmental, social, and governance (ESG) values into its operations, reporting, and stakeholder engagement. The bank's sustainability strategy focuses on creating long-term value while supporting Saudi Arabia's Vision 2030 goals and the global sustainable development agenda. Tony Cripps, Managing Director & CEO of SAB, stated: 'Receiving this award for the third consecutive year is a powerful validation of our journey toward responsible banking. At SAB, sustainability is not an initiative—it is a core part of how we serve our clients, support our communities, and steward the future.' Over the past year, SAB has strengthened its ESG reporting, expanded green financing initiatives, supported community resilience programs, and partnered with leading institutions to champion sustainable innovation—including in sectors such as regenerative agriculture, clean energy, and Fintech. As part of its green finance efforts, SAB issued its inaugural USD 650 million Additional Tier 1 Green Sukuk, with proceeds dedicated to eligible environmental projects. This is the first green-labelled Sukuk issued by a bank in Saudi Arabia, as it aligns with Shariah principles and international green finance frameworks and was validated by a Second Party Opinion from S&P Global latest award follows a series of accolades SAB has earned, including but not limited to 'Sustainability Program of the Year 2024' at the Capital Markets Forum, 'Best Bank in Saudi Arabia' and 'Best Private Bank' by continues its leadership role as the first bank in the Kingdom to implement a comprehensive sustainability strategy, including commitments to achieve Net-Zero operational emissions by 2035 and Net-Zero including financed emissions by Bank also aims to allocate SR34 billion by 2025, in line with its commitment to support the Kingdom's strategic ambitions.
Arab News
12-05-2025
- Business
- Arab News
SAB named ‘best bank in Saudi Arabia' for sixth year in row
Saudi Awwal Bank has been recognized as the 'Best Bank in Saudi Arabia for 2025' by Global Finance magazine, for the sixth consecutive year. This prestigious accolade highlights SAB's leadership in the Saudi banking sector and reaffirms its ongoing commitment to delivering innovative financial services that meet the evolving needs of its customers while supporting the ambitious goals of Vision 2030. This recognition is a testament to the confidence the financial sector places in SAB. Over the past years, the bank has solidified its position as a high-performing financial institution through continuous growth in assets and profitability, expanding its customer base, and adopting cutting-edge financial technologies that enhance the customer experience. SAB was selected for this award by a panel of international financial experts, who based their decision on a comprehensive set of criteria, including financial performance, business growth, service quality, digital transformation initiatives, risk management practices, and sustainability strategies. Tony Cripps, managing director and CEO of SAB, said: 'This recognition is a testament to the dedication, commitment, and hard work of all our employees in delivering the best banking experience for our customers. It also underscores our ability to adapt to the rapid transformations taking place in the financial sector and reflects our success in implementing a strategy focused on customer-centricity and sustainable innovation.' He added: 'We remain committed to continuously enhancing and evolving our financial services to create a holistic banking experience that empowers our customers to achieve their goals, while also strengthening our contribution to the growth of the Saudi economy.' SAB continues to reinforce its position as a leading financial institution through its adoption of the latest banking technologies. Guided by a strategy aligned with national economic priorities and social responsibility, the bank plays a vital role in driving development and empowering the financial sector in the Kingdom.
Saudi Gazette
11-05-2025
- Business
- Saudi Gazette
Saudi Awwal Bank named 'Best Bank in Saudi Arabia for 2025' for the 6th year in a row
Saudi Awwal Bank (SAB) has been recognized as the 'Best Bank in Saudi Arabia for 2025' by Global Finance magazine. This prestigious accolade highlights SAB's leadership in the Saudi banking sector and reaffirms its ongoing commitment to delivering innovative financial services that meet the evolving needs of its customers while supporting the ambitious goals of Vision 2030. This recognition is a testament to the confidence the financial sector places in SAB. Over the past years, the bank has solidified its position as a high-performing financial institution through continuous growth in assets and profitability, expanding its customer base, and adopting cutting-edge financial technologies that enhance the customer experience. SAB was selected for this award by a panel of international financial experts, who based their decision on a comprehensive set of criteria, including financial performance, business growth, service quality, digital transformation initiatives, risk management practices, and sustainability strategies. Commenting on the occasion, Tony Cripps, Managing Director and CEO of SAB, said: "This recognition is a testament to the dedication, commitment, and hard work of all our employees in delivering the best banking experience for our customers. It also underscores our ability to adapt to the rapid transformations taking place in the financial sector and reflects our success in implementing a strategy focused on customer-centricity and sustainable innovation." He added: 'We remain committed to continuously enhancing and evolving our financial services to create a holistic banking experience that empowers our customers to achieve their goals, while also strengthening our contribution to the growth of the Saudi economy." SAB continues to reinforce its position as a leading financial institution through its adoption of the latest banking technologies. Guided by a strategy aligned with national economic priorities and social responsibility, the bank plays a vital role in driving development and empowering the financial sector in the Kingdom. Saudi Awwal Bank is one of the largest banks in the Kingdom and traces its origins in Saudi Arabia to more than 90 years, during which time it has been an active partner supporting the Kingdom's economic growth and social development. SAB is one of the leading corporate and institutional international banks in the Kingdom with a top Wealth & Personal Banking proposition. SAB is also a leader in Saudi Arabia and the region in trade finance, foreign exchange, debt wholesale banking, digital service innovation, and ESG, paving the way for transformation and excellence. SAB offers integrated financial and banking services, including corporate banking, investment, private banking, and treasury. SAB paid-up capital is SR20.5 billion, after the legal merger with Alawwal Bank on 14th March 2021, when it was legally known as the Saudi British Bank (SABB). Saudi Awwal Bank is a licensed financial institution operating under the supervision of and regulated by the Saudi Central Bank, and a partner of the HSBC Group.
Arab News
09-03-2025
- Business
- Arab News
Saudi Awwal Banks wins the Sustainability Program Award
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum, organized by the Saudi Stock Exchange Group (Tadawul). This achievement makes SAB the first bank in the Kingdom to receive this prestigious recognition and acknowledges its leading efforts and prominent role in advancing environmental, social, and corporate governance practices within the Saudi economy and market. The winners were selected by independent committees composed of a distinguished group of sector experts, carefully chosen by the CFA Society Saudi Arabia and the Middle East Investor Relations Association. Competitors were evaluated according to stringent criteria to ensure the highest levels of excellence in their respective fields. Tony Cripps, managing director & CEO of SAB, said: 'Receiving this prestigious award reflects our steadfast commitment to applying best practices and reinforces our focus on responsible banking. Our sustainability strategy is a core part of our operations, and we are dedicated to contributing to continued progress and development in alignment with Saudi Vision 2030.' He added: 'This recognition further strengthens our position in the banking sector, and we will continue working to enhance the environmental and social impact of sustainability, solidifying our role as a key contributor to achieving related national goals.' SAB continues its leadership role as the first bank in Saudi Arabia to implement a comprehensive sustainability strategy, including commitments to achieve net-zero operational emissions by 2035 and net-zero financed emissions by 2060. The bank has also allocated SR 34 billion for sustainable financing by 2025 in line with Saudi Green Initiative. Additionally, SAB chairs the advisory committee on sustainable banking under the supervision of the Saudi Central Bank further cementing its position as a leader in sustainable finance.
Leaders
09-03-2025
- Business
- Leaders
Sustainability Pioneer: SAB Clinches 2024 Award at Capital Markets Forum
Saudi Awwal Bank (SAB) secured the Sustainability Program of the Year 2024 award at the Capital Markets Forum (CMF), hosted by the Saudi Stock Exchange Group (Tadawul). This milestone marks the first time a Saudi bank has received this prestigious honor. The award recognizes SAB's leadership in advancing environmental, social, and governance (ESG) practices across the Kingdom's economy. Independent committees, comprising sector experts from CFA Society Saudi Arabia and the Middle East Investor Relations Association, selected winners based on strict criteria. Leadership in Sustainable Finance Tony Cripps, SAB's Managing Director and CEO, highlighted the bank's commitment to responsible banking. 'This award reflects our dedication to sustainability as a core operational pillar,' he said. 'We align our strategy with Saudi Vision 2030 to drive national progress.' He emphasized SAB's role in shaping sustainable finance. 'We will continue enhancing our environmental and social impact to support national ESG goals,' Cripps added. SAB leads Saudi Arabia's banking sector with ambitious sustainability targets. The bank aims to achieve net-zero operational emissions by 2035 and net-zero financed emissions by 2060. It has also allocated SR 34 billion for sustainable financing by 2025, supporting the Saudi Green Initiative. Additionally, SAB chairs the Advisory Committee on Sustainable Banking (EBAC) under the Saudi Central Bank (SAMA). This reinforces its role as a pioneer in sustainable financial practices. SAB's Legacy of Financial Excellence With over 90 years of operations, SAB ranks among Saudi Arabia's largest banks. It delivers top-tier corporate, institutional, and personal banking services while excelling in trade finance, foreign exchange, and digital innovation. Following its 2021 merger with Alawwal Bank, SAB now operates with SAR 20.5 billion in paid-up capital. The bank remains a key HSBC Group partner and SAMA-regulated institution, driving economic growth and ESG innovation. Short link : Post Views: 1
