John Coverdale
John Coverdale
commitment continued customers staff thank
We thank our customers for their continued support, and our staff for their commitment and contribution to the bank's success.
above built close core delivered despite due equity financial focus good growth last local momentum performance recent remains results strong volatility year
SABB has built upon the momentum generated last year and has delivered strong first-quarter results well above 2005 levels. Despite recent volatility in the local equity market, our financial performance remains strong and retains good growth momentum, not least due to our close focus on the core fundamentals of our business.
coming eastern european financial highest including investor investors middle number orders purchased
This is the highest non-Middle Eastern investor distribution by any GCC financial institution, and the highest distribution into Europe. SABB successfully widened its European investor base, with orders coming in from France, Germany, Austria, Switzerland, Luxembourg, Cyprus, Malta and the UK, including a number of investors who had never previously purchased Middle Eastern bonds.
close core despite due equity financial focus good growth local performance recent remains strong volatility
Despite recent volatility in the local equity market, our financial performance remains strong and retains good growth momentum, not least due to our close focus on the core fundamentals of our business.