Who we are
The Saudi Arabian Capital Market Authority (CMA), the regulator of the stocks exchange and capital markets, has given its approval to HSBC and SABB to establish the first full-service, independent investment bank in the kingdom of Saudi Arabia licensed under the new Capital Market Law.
HSBC, through a wholly -owned subsidiary, holds 60 per cent of the equity in the new company and SABB, in which HSBC has a 40 per cent shareholding, will hold the remaining 40 per cent.
The joint venture is known as HSBC Saudi Arabia Limited, established as a limited liability company headquartered in Riyadh.
Our Commitment
At the Investment Banking Joint Venture between HSBC and SABB, we place the greatest importance on customer satisfaction and as such we are committed to:
Global Presence
HSBC Group, one of the world’s largest Financial Service Organisations, with over 10,000 offices worldwide and more than 125 million customers located in 83 countries and territories. In Saudi Arabia, the HSBC-SABB Joint Venture operates through SABB's network of 75 branches, including 12 exclusive ladies’ branches/sections.