January 2009
Samba Financial Group has been named "Best Bank for Risk Management in the Middle East in 2009" by Global Finance Magazine, in the context of its annual Treasury and Cash Management Awards. Samba was chosen for the award by a panel consisting of the magazines' editors, with input from industry analysts, corporate executives and consultants. Various subjective and objective criteria were used to select the winners. Key factors considered included: profitability; market share and reach; customer service; competitive pricing; product innovation; and the extent to which treasury and cash management banks have successfully differentiated themselves from their competitors around core treasury and cash management service provision.
Mr. Eisa M. Al Eisa, Managing Director and Chief Executive Officer of Samba Financial Group noted that this accolade demonstrates once again the strength of the Bank's treasury and cash management performance. It also follows previous awards in this arena, such as "Best FX Bank in Saudi Arabia", also received from Global Finance Magazine and awarded for three consecutive years, as well as "Best Treasury Bank" from Euromoney Magazine, and many others.