SABB Tops in Equity Trading

RIYADH, 7 April 2003 — The Saudi British Bank (SABB) took the number one slot among Saudi banks in international equity trading last year, accounting for more than 24 percent of the total trading done in the Kingdom, according to a report released by the Saudi Arabian Monetary Agency (SAMA). In a press release issued here, SABB quoted David Dew, executive director and chief operating officer as saying: Having captured the top spot in international equity trading, SABB has become the number one bank in terms of total value traded in both local equities and international equities in the Kingdom. SAMA had indicated in an earlier report that SABB is the number one Saudi bank in local equity trading for 2002.