Saudi Awwal Bank, one of the leading banks in Saudi Arabia, has been awarded the “Corporate Innovation Award 2024” from Qorus, for the second year in a row for its “SAB Innovation Excellence Initiative.” The award was presented during the Qorus reinvention award ceremony in Dubai on Tuesday, October 22, 2024.

Competing with over 700 organizations, SAB secured its place, reflecting its ongoing commitment to developing and implementing the bank strategies aligned with its vision. The “SAB Innovation Excellence Initiative” aims to honor the bank’s innovative projects and their teams. This award is a recognition for SAB’s continues efforts to accelerate financial innovation sector in line with Saudi Vision 2030, a strategic framework aimed at building a diverse and sustainable economy.

Saeed Assiri, Chief Innovation Officer at SAB, stated: “Receiving this award reflects our unwavering commitment to fostering innovation, a cornerstone of our strategy. It also highlights our investment in research and development, as well as our adoption of cutting-edge technologies to drive financial innovation. We believe innovation is the key to progress and success, and we will continue to deliver more advanced and effective financial solutions for our customers.”

This recognition further solidifies SAB's position as a leading financial institution as it works toward achieving its vision: “We bring a world of financial opportunities to an ambitious Kingdom.” With its innovative services, global reach, and deep market understanding, the bank continues to provide its customers with the best banking experience.