SABB Appoints Al-Yahya as General Manager Credit & Risk

RIYADH, 25 February 2007 — SABB has appointed Mohammed ibn Abdullah Al-Yahya as general manager for credit & risk in place of Chris Murray.

The appointment is in consideration of Al-Yahya’s track record, devotion to work, and academic qualifications in line with SABB’s strategy for development of Saudi cadres to assume leading positions at the bank. He has completed his secondment to HSBC Lebanon as a CEO.

Al-Yahya expressed his thanks and appreciation to the bank’s management for the confidence placed in him and for appointing him head of credit and risk at SABB. He hopes to be up to the management’s expectations, continue the development process and achieve the strategic objectives of the bank.

SABB won a number of appreciation awards for its ongoing efforts to promote Saudization plans and for the extensive training of Saudi cadres, the most prominent of which was Prince Naif Saudization Trophy in addition to the Institute of Public Administration three-year Saudization award.