Saudi Awwal Bank 2023 AR2
The report highlights Saudi Awwal Bank's (SAB) strong financial and operational performance in 2023, delivering a 45% increase in net income to SAR 7.0 billion and a return on tangible equity of 15.3%. SAB successfully rebranded from SABB to SAB and inaugurated its new smart headquarters in Riyadh, which achieved SmartScore Platinum and LEED Gold certifications. In sustainability, the bank joined the UN Global Compact and became the first Saudi bank to sign the UN Principles for Responsible Banking, facilitating SAR 12.6 billion in sustainable finance and investments. Additionally, SAB made significant progress toward its 2035 operational net-zero target and planted 60,000 trees as part of its commitment to the Saudi Green Initiative.
Company: Saudi Awwal Bank
Sector: Finance & insurance
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 254
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Saudi Awwal Bank
Annual Report
The report highlights Saudi Awwal Bank's (SAB) strong financial and operational performance in 2023, delivering a 45% increase in net income to SAR 7.0 billion and a return on tangible equity of 15.3%. SAB successfully rebranded from SABB to SAB and inaugurated its new smart headquarters in Riyadh, which achieved SmartScore Platinum and LEED Gold certifications. In sustainability, the bank joined the UN Global Compact and became the first Saudi bank to sign the UN Principles for Responsible Banking, facilitating SAR 12.6 billion in sustainable finance and investments. Additionally, SAB made significant progress toward its 2035 operational net-zero target and planted 60,000 trees as part of its commitment to the Saudi Green Initiative.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Women in Management
Net Zero Target
Employees