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| home » Top Financial Groups of the World » Saudi American Bank |
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Saudi American Bank |
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Saudi American Bank or SAMBA commenced business on February 12, 1980 and closed its first fiscal year on December 31, 1980. On July 3, 1999 Samba or Saudi American Bank merged with the United Saudi Bank (USB) by exchanging 1 new share in Samba for each 3.25 existing shares in USB. The merged bank retained the name Samba and there was no change in the composition of the Board of Directors. The Merger did not affect the Technical Management Agreement with Citibank. This resulted in Citibank holding 22.83% of the shares of the merged bank.
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The vision of Saudi American Bank is to be the premier financial institution in Saudi Arabia providing world class solutions to their customers not only meeting their needs but serving them beyond their expectations. They also plan to invest in people who benefit the communities in which they operate delivering superior returns to their investors. The core values of Saudi American Bank strongly revolve around their resolve to provide solutions encompassing advice and choices while consistently delivering high quality services.
Saudi American Bank is relentlessly focused on quality and encourages investors all the time. Being one of the top financial groups of the world, they transcend business boundaries. Their’s is a business strategy that is responsive to market conditions with a long term prospective. An ATM at Saudi American Bank for the visually impaired has been developed in 2000 and was installed on September 7. They have put in voice guidance at the ATM and in addition to it the ATM key board, screen buttons & other outlets have been equipped with "Braille" messages / instructions to ease the ATM usage by blind people.
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