Saudi Awwal Bank - Company Profile
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Saudi Awwal Bank (SAB), formerly, The Saudi British Bank (SABB) offers various banking, investment, and treasury services. Adequate capital, cost efficiency and non-interest income are its key strengths, even as business performance of Treasury segment could be an area for concern. Growing market for payments channel in Saudi Arabia, strategic initiatives, and emergence of fintech could offer ample growth opportunities to the bank. However, intense competition, risks related to online identity theft and hacking, and emergence of Neobanks could affect the bank’s business performance.
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