RIYADH, 18 September 2005 — The Saudi British Bank (SABB) has invited applications for scholarships under the SABB Scholarship Scheme for the year 2006 from candidates wishing to pursue MBA courses in the UK and improve their career positions.

The scheme is open to all Saudi male and female graduates, including SABB staff with degrees from recognized universities, the bank announced in a press release. It said that candidates are selected whether or not they were staff, and after completion of the course they are free to decide whether to join SABB or not.

Bleihid N. Al-Bleihid, general manager for human resources at SABB, said: “The scholarship scheme underlines the bank’s commitment to the development of the Kingdom and its community, and is in line with the directions for national companies and institutions to participate in the development of national cadres who have the capability to involve themselves effectively in the different aspects of the Kingdom’s development.”

He added that the SABB scheme is one of the most prominent scholarship schemes serving the community since SABB provides the tuition fees, living expenses and tickets for the selected candidates.

SABB was the first Saudi organization to introduce such an educational program — in 1997 — enabling Saudis to obtain higher education.

Full details of the scheme as well as registration are available on the bank’s website www.sabb.com or through SABB Training Center.