The Saudi British Bank (SABB) has been recognized by Euromoney Magazine as the Best Cash Management Provider in Saudi Arabia for 2014. The award was offered to SABB for the 7th consecutive year in a row.

The Euromoney Cash Management Award is based on feedback from CFO's, treasurers, cash management managers and financial officers in Saudi Arabia on their banks' ability and track record in providing cash management solutions through their product and service offerings.

A common highlight was the rare combination of SABB’s technical strength, extensive footprint in the Kingdom and the global reach offered through association with HSBC.

SABB provides a comprehensive range of integrated products and services: Payments, collections, and liquidity management solutions, coupled with market-leading integrated electronic channels to help clients maximize their working capital positions through dedicated sales, product management, implementation and client service teams.

Winning the Euromoney award is a testament to the importance SABB attaches to delivering superior and timely service to its customers, as well as its emphasis on continuously developing its offerings to meet client expectations.

Commenting on the Euromoney award, Majid Algwaiz, GM of commercial banking at SABB, said: "The award clearly demonstrates that SABB’s approach to payments and cash management continues to be well received in the Kingdom. We are committed to delivering the best in class services, and are focused on creating value and tailored solutions that help our clients achieve their business objectives and comply with regulatory requirements.”