SABB best bank in Saudi Arabia, recognition highlights its exceptional growth, innovation, and commitment to Vision 2030. The prestigious Euromoney award named Saudi Awwal Bank (SABB) as the “Best Bank in Saudi Arabia for 2025.”
The bank reported a net profit of SR8.07 billion ($2.15 billion), reflecting a 15 percent increase over the previous year. Operating income reached SR14 billion, supported by a 16 percent return on tangible equity. These results showcase SAB’s strong performance and effective financial strategies.
SABB also expanded its lending portfolio, with net loans and advances rising by 20 percent to SR259 billion. This growth aligns with its mission to support individuals and businesses across the Kingdom.
However, digital transformation remains a key priority for SAB. The bank increased its share of the digital payments market to 17.3 percent. It launched SAB 360°, an AI-powered platform offering real-time insights and faster onboarding. The platform reduced KYC processing time by 40 percent.
Although as one of the first Saudi banks to adopt Samsung Pay, SABB continues to improve convenience and security for its customers. These advancements strengthen its position as a digital banking leader.
Supporting Vision 2030 goals, SAB grew its mortgage portfolio to SR35 billion, helping more Saudi families achieve homeownership. In addition, the bank also financed renewable energy projects producing 4.5 GW of clean power. Shariah-compliant ESG investment solutions were introduced for private banking clients, advancing its sustainability efforts.
Tony Cripps, SAB’s managing director and CEO, described the award as proof of the bank’s innovative business model and talented team. He said SABB remains committed to shaping the future of Saudi banking while supporting the nation’s transformation.
Nevertheless, the SABB Best Bank Saudi Arabia award reinforces the bank’s role as a trusted financial partner. Its focus on long-term value benefits customers, shareholders, and the broader economic ecosystem in the Kingdom.
