---
title: "Saudi Awwal Bank SWIFT/BIC code SABBSARIXXX · Saudi Arabia | Elucidate"
description: "SWIFT/BIC code SABBSARIXXX for Saudi Awwal Bank, Saudi Arabia. 3 branch BICs, LEI 558600TQS0WENZUC5190, addresses and Swift connectivity."
url: https://elucidate.co/directory/saudi-awwal-bank-sabbsari
---
1. [Directory](https://elucidate.co/directory)
2. [Saudi Arabia](https://elucidate.co/directory/country/sa)
3. Saudi Awwal Bank
Saudi Arabia · Financial institution
# Saudi Awwal Bank
Saudi Awwal Bank (SAB) is a Saudi joint stock company listed on the Saudi Exchange, with its head office in Riyadh. It was established by Royal Decree in 1978 to take over the Saudi operations of The British Bank of the Middle East. HSBC Group holds a minority stake and is described by the bank as its strategic partner. SAB absorbed Alawwal Bank by legal merger in June 2019 and changed its name from The Saudi British Bank on 11 June 2023.
BIC **SABBSARIXXX** LEI **[558600TQS0WENZUC5190](https://search.gleif.org/#/record/558600TQS0WENZUC5190)** Licence no. **Not on a tracked register** Connected to Swift Swift GPI live member [**3** branch codes](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#branches) [**10** respondent banks](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#respondents) [Claim this profile](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#claim)
## Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** SABBSARIXXX head office
- **Connection to Swift:** Connected to Swift
- **Swift GPI:** Live member
- **Payment schemes and systems:** No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- **Branch codes:** [3 branch codes](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#branches)
- **BIC first registered:** 1989-03-29
- **Last updated:** 2023-06-22
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#overview-sources)
Total assets
SAR 454.5bn
Group · 31 Dec 2025 · [annual report ↗](https://www.sab.com/en/about-us/investor-relations/financial-regulatory-reports/)
Employees
Not published
Ownership
Publicly listed
Ticker 1060
Institution type
Commercial bank
Trades as SAB
- **Standing:** The bank was renamed from The Saudi British Bank (SABB) to Saudi Awwal Bank with effect from 11 June 2023. Alawwal Bank merged into the bank in June 2019 and ceased to exist as a separate legal entity.
- **Ownership:** The bank is listed on the Saudi Exchange, where HSBC Holdings B.V. holds about 31% and Olayan Saudi Investment Co. Ltd. about 20.5%.
- **Major shareholders:** HSBC Holdings B.V. 31% Olayan Saudi Investment Co. Ltd. 20.499%
- **Stock listing:** Saudi Exchange (Tadawul) 1060
- **Head office:** 7383 King Fahad Branch Rd, 2338 Al Yasmeen Dist., 13325 Riyadh, Saudi Arabia
- **Company register:** Commercial Registration 1010025779 (unified number 7000018668)
- **Name in the local language:** البنك السعودي الأول
- **Former name:** The Saudi British Bank
### Business lines
- Retail banking
- Corporate banking
- Private banking & wealth
- SME banking
- Trade finance
- Markets & trading
- Transaction banking & payments
- Mortgage lending
- Cards
- Islamic banking
The bank serves personal, SME, corporate and private banking clients and offers Shariah-compliant products, with brokerage and asset management run through its subsidiary SAB Invest.
### Online
- **Websites & references:** [sab.com ↗](https://www.sab.com/) [Wikipedia ↗](https://en.wikipedia.org/wiki/Saudi_Awwal_Bank) [Wikidata Q4166519 ↗](https://www.wikidata.org/wiki/Q4166519)
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/alawwalsab/) · [X ↗](https://twitter.com/alawwalsab/) · [Facebook ↗](https://www.facebook.com/alawwalsab/) · [Instagram ↗](https://instagram.com/alawwalsab/)
Sources · 14 pages consulted
1. [sab.com](https://www.sab.com/)
2. [sab.com/en/about-us/about-us/board-of-directors/](https://www.sab.com/en/about-us/about-us/board-of-directors/)
3. [sab.com/en/about-us/about-us/executive-top-management/](https://www.sab.com/en/about-us/about-us/executive-top-management/)
4. [sab.com/en/about-us/investor-relations/financial-regulatory-reports/](https://www.sab.com/en/about-us/investor-relations/financial-regulatory-reports/)
5. [sab.com/en/about-us/](https://www.sab.com/en/about-us/)
6. [sab.com/content/dam/sabpws/files/reports-documents/common/years/2026/SAB-1Q26-transcript.pdf.core](https://www.sab.com/content/dam/sabpws/files/reports-documents/common/years/2026/SAB-1Q26-transcript.pdf.coredownload.inline.pdf)
7. [sab.com/en/about-us/newsroom/news-year-2026/saudi-awwal-bank-delivers-sar-2086-million-net-profit](https://www.sab.com/en/about-us/newsroom/news-year-2026/saudi-awwal-bank-delivers-sar-2086-million-net-profit-for-1q26-supported-by-stable-income-and-a-robust-balance-sheet/)
8. [argaamplus.s3.amazonaws.com/d33a76d7-4179-4b29-bca5-8070e81e27b2.pdf](https://argaamplus.s3.amazonaws.com/d33a76d7-4179-4b29-bca5-8070e81e27b2.pdf)
9. [argaam.com/en/article/articledetail/id/1869022](https://www.argaam.com/en/article/articledetail/id/1869022)
10. [arabnews.com/node/2651817/corporate-and-sponsored-content](https://www.arabnews.com/node/2651817/corporate-and-sponsored-content)
11. [investing.com/news/transcripts/earnings-call-transcript-saudi-awwal-bank-posts-solid-h1-2026-profit-sha](https://www.investing.com/news/transcripts/earnings-call-transcript-saudi-awwal-bank-posts-solid-h1-2026-profit-shares-mixed-93CH-4820635)
12. [english.mubasher.info/markets/TDWL/stocks/1060/profile/](https://english.mubasher.info/markets/TDWL/stocks/1060/profile/)
13. [forbesmiddleeast.com/lists/30-most-valuable-banks-2024/saudi-awwal-bank-sab/](https://www.forbesmiddleeast.com/lists/30-most-valuable-banks-2024/saudi-awwal-bank-sab/)
14. [en.wikipedia.org/wiki/Saudi\_Awwal\_Bank](https://en.wikipedia.org/wiki/Saudi_Awwal_Bank)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#overview-sources)
- **Chief executive:** Tony Cripps Managing Director and Chief Executive Officer Confirmed 29 Jul 2026 · [sab.com ↗](https://www.sab.com/content/dam/sabpws/files/reports-documents/common/years/2026/SAB-1Q26-transcript.pdf.coredownload.inline.pdf)
- **Chair:**  Lubna S. Olayan Chair of the Board of Directors Confirmed 21 Jul 2026 · [arabnews.com ↗](https://www.arabnews.com/node/2651817/corporate-and-sponsored-content)
- **Chief financial officer:** Lama Ghazzaoui Chief Financial Officer Confirmed 29 Jul 2026 · [sab.com ↗](https://www.sab.com/content/dam/sabpws/files/reports-documents/common/years/2026/SAB-1Q26-transcript.pdf.coredownload.inline.pdf)
- **Executive:** Suliman Algwaiz Vice Chairman Confirmed 29 Dec 2025 · [argaam.com ↗](https://www.argaam.com/en/article/articledetail/id/1869022)
## Supervisors & regulators
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#overview-sources)
- **Saudi Arabia:** Saudi Central Bank (SAMA) Central bank Prudential supervisor AML supervisor Conduct
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/saudi-awwal-bank-sabbsari#overview-sources)
1. Dec 2025
Leadership
The Saudi Central Bank gave its no-objection to the reappointment of Lubna Olayan as chair and Suliman Algwaiz as vice chair.
[argaam.com ↗](https://www.argaam.com/en/article/articledetail/id/1869022)
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
## Identifiers
Head-office record
- **BIC:** SABBSARIXXX
- **How the BIC breaks down:** 1. SABB Bank 2. SA Country · Saudi Arabia 3. RI Location 4. XXX Branch · head office
- **Branch description:** HEAD OFFICE
- **LEI:** 558600TQS0WENZUC5190
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/558600TQS0WENZUC5190)
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
## Profile
- **Type:** Financial institution
- **Regulation:** Not on a tracked register
- **Register licences:** None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- **Country · region:** Saudi Arabia · Middle East & North Africa
- **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17
- **OFAC sanctions:** No listing cites this BIC
- **EU sanctions:** No listing matched this BIC or its LEI
- **Country sanctions:** No country programme
- **Founded:** 1978
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
## Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
## Addresses
- **Registered address:** PRINCE ABDULAZIZ BIN MOSSAID BIN JALAWI STREET RIYADH 11413 9084 SAUDI ARABIA
- **Operational address:** IBN MOSSAAD IBN JALAWI STREET AL- AMIR ABDUL AZIZ RIYADH RIYADH 11413 SAUDI ARABIA
## ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- **Identified by:** BIC, with its LEI
- **Roles in CBPR+:** Any agent, including the instructing and instructed agents
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
SABBSARIXXX
558600TQS0WENZUC5190
```
### Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
```xml
SABBSARIXXX
558600TQS0WENZUC5190
SAUDI AWWAL BANK
RIYADH
SA
PRINCE ABDULAZIZ BIN MOSSAID BIN JALAWI STREET RIYADH 11413 9084
```
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
## Network
### Branches and correspondent banking
All 3 branch BICs connect to the head office. They are all in Riyadh, and no function or registration year splits them further. 10 other banks publish 10 accounts held with this bank.
### Respondent banks
From the correspondent lists other banks publish
10 other banks publish 10 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
| --- | --- | --- | --- | --- | --- |
| SAR | [Axis Bank Limited](https://elucidate.co/directory/axis-bank-limited-axisinbb) India | SABBSARI | 003-696226-021 | — | [axis.bank.in ↗](https://www.axis.bank.in/docs/default-source/default-document-library/nostro-account-details-wire-transfer.pdf) |
| SAR | [Bank of Baroda](https://elucidate.co/directory/bank-of-baroda-barbinbb) India | SABBSARI | 001-551761-900 | Remittances other than FCNR(B) deposits | [bankofbaroda.bank.in ↗](https://bankofbaroda.bank.in/business-banking/trade-fx-and-remittances/nostro-details) |
| SAR | [Clearstream Banking S.A.](https://elucidate.co/directory/clearstream-banking-s-a-cedelull) Luxembourg | SABBSARIXXX | SA67 4500 0000 0138 6677 7021 | — | [clearstream.com ↗](https://www.clearstream.com/caas/v1/media/3718888/data/e66c7d039247f5500b27728a3e2f4057/cash-timings.pdf) dated 1 Jul 2026 |
| SAR | [DNB Bank ASA](https://elucidate.co/directory/dnb-bank-asa-dnbanokk) Norway | SABBSARI | SA6745000000003696424021 | — | [content.dnb.no ↗](https://content.dnb.no/docs/9554001/ssi-norway-02-02-2026.pdf) dated 2 Feb 2026 |
| SAR | [Doha Bank](https://elucidate.co/directory/doha-bank-dohbqaqa) Qatar | SABBSARI | SA8545000000003696549021 | — | [dohabank.com.qa ↗](https://www.dohabank.com.qa/international/financial-institutions-trade/list-of-nostro-accounts/) dated Jul 2026 |
| SAR | [Emirates Islamic Bank (Public Joint Stock Company)](https://elucidate.co/directory/emirates-islamic-bank-public-joint-stock-company-meblaead) United Arab Emirates | SABBSARI | 001-551993-021 | — | [emiratesislamic.ae ↗](https://www.emiratesislamic.ae/-/media/ei/pdfs/soc/correspondent_bank_charges_int_transfer.pdf) |
| SAR | [Jyske Bank A/S](https://elucidate.co/directory/jyske-bank-a-s-jybadkkk) Denmark | SABBSARI | SA7845000000001551340021 | FX, money market, derivatives and banknote settlement | [jyskebank.com ↗](https://jyskebank.com/financialinstitutions/foreignexchangesettlement) |
| SAR | [National Bank of Fujairah](https://elucidate.co/directory/national-bank-of-fujairah-nbfuaeaf) United Arab Emirates | SABBSARI | 001-552017-021 (IBAN SA4945000000001552017021) | Commercial | [nbf.ae ↗](https://nbf.ae/wp-content/uploads/2025/11/nbf-ssi_upload_Oct-2025-1.pdf) dated Oct 2025 |
| SAR | [The Commercial Bank (P.S.Q.C)](https://elucidate.co/directory/the-commercial-bank-p-s-q-c-cbqaqaqa) Qatar | SABBSARI | 003-696531-021 SA1845000000003696531021 | settlement (SSI) | [cbq.com.qa ↗](https://www.cbq.com.qa/en/personal/ways-to-bank/correspondent-bank-list) |
| SAR | [U.S. Bank National Association](https://elucidate.co/directory/u-s-bank-national-association-usbkus4t) United States | SABBSARI | SA1945000000013875109021 | FX settlement | [usbank.com ↗](https://www.usbank.com/dam/en/documents/pdfs/customer-services/fx-usbank-standard-settlement-instructions-list.pdf) |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
### Branch codes
| BIC | Branch | City | Address | LEI | Updated |
| --- | --- | --- | --- | --- | --- |
| [SABBSARIAIS](https://elucidate.co/directory/saudi-awwal-bank-sabbsari-ais) | ALAWWAL INVEST | Riyadh | IBN MOSSAAD IBN JALAWI STREET AL- AMIR ABDUL AZIZ RIYADH RIYADH 11413 SAUDI ARABIA | — | 2023-06-22 |
| [SABBSARIAWI](https://elucidate.co/directory/saudi-awwal-bank-sabbsari-awi) | ALAWWAL INVEST | Riyadh | IBN MOSSAAD IBN JALAWI STREET AL- AMIR ABDUL AZIZ RIYADH RIYADH 11413 SAUDI ARABIA | — | 2023-06-22 |
| [SABBSARITSO](https://elucidate.co/directory/saudi-awwal-bank-sabbsari-tso) | TREASURY OPERATIONS | Riyadh | IBN MOSSAAD IBN JALAWI STREET AL- AMIR ABDUL AZIZ RIYADH RIYADH 11413 SAUDI ARABIA | — | 2023-06-22 |
[See every BIC in Saudi Arabia →](https://elucidate.co/directory/country/sa#bics)
## Related institutions
### Largest institutions in Saudi Arabia
- [Bank Al-Jazira BIC BJAZSAJE Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 558600FGNP3JML7WY215](https://elucidate.co/directory/bank-al-jazira-bjazsaje)
- [Aramco Trading Company BIC SAPCSADH Non-financial corporate Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 213800JDGK6R55U59G76](https://elucidate.co/directory/aramco-trading-company-sapcsadh)
- [Banque Saudi Fransi Head Office BIC BSFRSARI Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 558600N07EDF4ATYR106](https://elucidate.co/directory/banque-saudi-fransi-head-office-bsfrsari)
- [The Saudi National Bank BIC NCBKSAJE Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 5586006ZEFQ542K7CY16](https://elucidate.co/directory/the-saudi-national-bank-ncbksaje)
- [Bank Al Bilad BIC ALBISARI Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 558600YCBMF3KW9QH647](https://elucidate.co/directory/bank-al-bilad-albisari)
- [Merrill Lynch Kingdom of Saudi Arabia BIC MLSASARI Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · LEI 549300BNY5WIXXEEZ634](https://elucidate.co/directory/merrill-lynch-kingdom-of-saudi-arabia-mlsasari)
- [Deutsche Bank AG, Riyadh Branch BIC DEUTSARA Financial institution Not on a tracked register Saudi Arabia · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/deutsche-bank-ag-riyadh-branch-deutsara)
- [Deutsche Bank AG, Riyadh Branch BIC DEUTSARI Credit institution Prudential licence Saudi Arabia · On the FSB G-SIB list · LEI 558600SY4RZNJTDP3H57](https://elucidate.co/directory/deutsche-bank-ag-riyadh-branch-deutsari)
[See every BIC in Saudi Arabia →](https://elucidate.co/directory/country/sa#bics)
Claim this profile
## Work at Saudi Awwal Bank?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
[Read the methodology →](https://elucidate.co/directory/methodology)
Credits for this page
- **Wikidata**—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- **Overview, leadership, regulators and events**—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- **Images**—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: Saudi Awwal Bank · Public domain · [Wikimedia Commons](https://commons.wikimedia.org/wiki/File:SAB_logo_\(since_2023\).svg) · [original](https://thumb.wikimedia.org/wikipedia/commons/thumb/5/52/SAB_logo_%28since_2023%29.svg/330px-SAB_logo_%28since_2023%29.svg.png?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail); Lubna S. Olayan: [arabnews.com](https://www.arabnews.com/corporate-and-sponsored-content/sab-delivers-sr44-billion-net-profit-for-the-first-half-of-2026-2651817) (official website) · [original](https://assets.maestronewsroom.com/media/30f6532d-717b-4366-9158-9c455299fcd9/arabnews-import/2026/07/proxy/4733582-767357329.webp).
## Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
[Book a demo](https://elucidate.co/demo-request)
Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.