RIYADH, 30 September 2007 — Samba was the recipient of three accolades from Euromoney during a ceremony held recently in Abu Dhabi to celebrate the winners of the magazine’s annual Awards for Excellence among the banks and financial institutions in the Middle East.
Samba bagged the prestigious “Best Bank in Saudi Arabia, 2007”, “Best Investment Bank in the Middle Ease and Africa 2007”, and “Best Equity House in the Kingdom 2007”.
“We are so glad to win these awards after a short time of winning 3 other awards, one from Emerging Markets and 2 from Global Finance. We consider (these) as one more affirmation of our high reputation and position on the local, regional and global levels,” Eisa Al-Eisa, managing director and chief executive officer of Samba, said here yesterday in a statement to Arab News.
Samba has won these accolades from this global trade finance magazine after a review of more than one hundred submissions from regional banks and brokerage companies. The judges and industry experts selected Samba for the three accolades based on several factors aside from qualitative and quantitative criteria applied by a dedicated survey team including consultants and judges who allocate detailed points for performance criteria such as financial ratios, volume of deals and innovation and creativity during the last 12 months.
Al-Eisa said “the rating results signify the supremacy of our banking vision in developing our financial and banking services which we render in world class professional style.
The accolades have been decided by editors, global professionals, experts and financial analysts who selected Samba for its overall strong performance locally and regionally thanks to our high quality standards of financial and banking services that are matching with global standards.”
“The supremacy of our banking performance as reflected in the many accolades we annually win is becoming deeper and wider every day. The many awards we have won so far in 2007 is a mere indication of our well-planned approach that sprung from our understanding of the local community and its evolving needs coupled with our world class outlook, which boosts our local and regional preeminence,” he further said, adding that “our performance, service standards, and staff dedication elevate Samba to new heights.”
For 15 years now, Euromoney has been giving annually its prestigious awards for excellence to banks and brokerage companies in the global banking industry.