JEDDAH: For the second year in a row, Samba Financial Group has been named the Best Foreign Exchange Bank for 2008 by Global Finance magazine. The award recognizes Samba’s leading position in Forex and interest rate transactions, its impressive performance in the local and international markets, and its consistent leadership and pioneering position in the industry.
Earlier, Euromoney magazine also named Samba as the Best Treasury Bank in the Middle East, affirming Samba’s leading performance at international level. The award was received by Dr. Shujaat Nadeem, head of Samba’s Treasury Group. Samba Financial Group was voted for both awards by a panel consisting of the magazines’ editors, with input from industry analysts, corporate executives and technology experts.
“Samba Financial Group credits the twin accolades to the group’s consistent commitment to the highest standards of excellence in all its offerings. It also validates Samba’s relentless efforts to become a leading industry innovator, designing services based on the evolving needs and aspirations of its clients,” a company statement said.