https://arab.news/rczgu
Saudi Awwal Bank has been honored with two prestigious awards at the Sustainable Finance Awards 2024 by Global Finance. SAB received recognition as the “Best Bank for Sustainable Infrastructure Finance in the Middle East” and the “Best Bank for Sustainable Finance in Saudi Arabia.”
As part of its dedication to sustainability, SAB has implemented ESG initiatives across its business operations, ensuring that sustainability is embedded in its product and service offerings.
Yasser Albarrak, chief corporate and institutional banking officer at SAB, said: “This recognition serves as a powerful validation of our unwavering commitment to building a more sustainable future. We are incredibly proud of the progress we have made in integrating sustainability into every aspect of our business, and these awards motivate us to continue pushing the boundaries of what is possible in the realm of sustainable finance.”
He added: “SAB’s corporate and institutional banking division has introduced sustainable financing products and established internal certification processes. These initiatives aim to provide solutions and support to corporate and institutional banking customers, enabling them to align their financial activities with sustainable practices.”
Albarrak emphasized that ESG considerations are integral to SAB’s success and the prosperity of both the Kingdom and the global economy. He said that SAB’s ESG vision focuses on mobilizing finance to facilitate an inclusive, diverse, and equitable transition toward a more sustainable economy.