The Saudi British Bank (Sabb) has been named the "Best Trade Finance Bank" in Saudi Arabia for 2011 by Global Trade Review (GTR), one of the world’s leading international trade finance magazines.

This is the third year in succession that Sabb has won this coveted award. GTR selects the best financial institutions around the world based on a customer poll conducted for each market.

These awards have become recognized and acknowledged by business communities around the world as standards of excellence.

Sabb offers a comprehensive suite of conventional and Shariah-compliant trade products, with ability to structure solutions to meet complex requirements of customers, using local expertise and resources backed by HSBC’s global presence.

“We are delighted with the appreciation we have received from GTR in recognition of our leading role in financing trade in Saudi Arabia,” said David Dew, managing director of Sabb.

“The award reflects the excellent progress that our Trade and Supply Chain (TSC) have continued to make in 2011. We remain committed to helping our customers with their international trade needs through innovative trade facilitation and finance products backed by a seamless customer service proposition,” he added. – TradeArabia News Service