SABB to launch new identity, change commercial name to Saudi Awwal Bank

04/04/2023 Argaam

SABB to launch new identity, change commercial name to Saudi Awwal Bank

Logo of Saudi Awwal Bank

Saudi British Bank (SABB) announced that it will launch a new identity under “SAB” brand. It also plans to change its commercial name from "Saudi British Bank" to " Saudi Awwal Bank".

 

In a statement to Tadawul, the bank said the proposed change is subject to obtaining the relevant regulatory and shareholder approvals, including that of the extraordinary general meeting (EGM).

 

All developments in this regard will be announced in due course, the bank added. 

 

In June 2019, the merger of SABB and Alawwal Bank came into force. Alawwal Bank ceased to exist with its assets and liabilities fully transferred to SABB. Alawwal Bank was delisted from Tadawul, Argaam earlier reported. 

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