JEDDAH, 25 June 2007 — SABB has appointed Saeed Al-Mahoudi as area general manager for Eastern Province, with responsibility for all the bank’s activities in the region.
He succeeds Zaki Bin Mansour Abualsaud, who retired this month after 24 years with SABB.
Al-Mahoudi comes to SABB with more than 17 years’ experience in the banking industry in Saudi Arabia, including 14 years in senior management posts. Most recently, he spent 7 highly successful years in charge of eastern region operations for one of the country’s other leading financial institutions after moving through a variety of management positions from branch manager to a divisional head responsible for the overall business development and management of significant corporate credit portfolios.
Al-Mahoudi said: “SABB is a key financial institution in the Kingdom. I am to add to the bank’s development in Eastern Province and increase the region’s contribution to the achievement of the bank’s strategic goals. A further objective is to help drive forward SABB’s award-winning Saudization program which owes its success in part to SABB’s unique ability among banks in Saudi Arabia to develop its staff through cross-postings.”