RIYADH, 20 February 2007 — SABB (The Saudi British Bank) recently hosted the Hong Kong financial and real estate services delegation during their visit to Saudi Arabia. The delegation was sponsored by the Hong Kong Trade Development Council (HKTDC), with whom SABB has had close ties for many years, as an associate of the HSBC Group.
The high level delegation, many of whom were visiting the Kingdom for the first time, was led by Frederick Ma Si-Hang, JP, secretary for Financial Services and the Treasury, and was seeking to explore investment opportunities in the finance and real Estate sectors.
As part of their visit, the senior management of SABB hosted a function which included a presentation by SABB’s chief economist, who briefed the delegates on the current state and prospects for the Saudi economy. The visit, and the event hosted by SABB, reflects the existing strong economic ties between the Kingdom of Saudi Arabia, and the Hong Kong Special Administrative Region.