HOME





SABB (Saudi Bank)
Saudi Awwal Bank (SAB; ) is a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake. The bank traces its origins to the British Bank of the Middle East which was acquired by HSBC in 1959. In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger in twenty years. On June 16, 2019, the official legal merger of Saudi British Bank and Alawwal Bank was completed, making the two banks one legal entity. The bank adopted its current name following the completion of the merger. SAB is one of the five largest Saudi banks by deposits, and has over eighty branches across Saudi Arabia and one branch in London, England. History British Bank of Iran and the Middl ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Saudi Vision 2030
Saudi Vision 2030 (, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi crown prince and prime minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". Despite efforts to reduce Saudi dependence on oil, , Saudi Arabia remains heavily dependent on oil revenue, as measured by its contribution to gross domestic product (GDP), fiscal revenue, and exports. Oil accounted for approximately 40% of Saudi GDP and 75% of its fiscal revenue. Additionally, the program is facing strong criticism from human rights advocates, with allegedly over 21,000 workers having died on the job ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Saudi Economy
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts for approximately 30% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC. In 2016, the Saudi government launched its Saudi Vision 2030 program to reduce its dependency on oil and diversify its economic resources. By 2022, Saudi Arabia had only modestly reduced its dependence on oil. Monetary policy in Saudi Arabia is anchored by the fixed exchange rate of the Saudi Riyal to the U.S. Dollar. Nearly every m ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Hongkong And Shanghai Banking Corporation
HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). HSBC traces its origin to a ''hong'' trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year. It was first formally incorporated in 1866. In 1991, the present parent legal entity, HSBC Holdings plc, was established in L ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Makkah
Mecca, officially Makkah al-Mukarramah, is the capital of Mecca Province in the Hejaz region of western Saudi Arabia; it is the holiest city in Islam. It is inland from Jeddah on the Red Sea, in a narrow valley above sea level. Its metropolitan population in 2022 was 2.4million, making it the third-most populated city in Saudi Arabia after Riyadh and Jeddah. Around 44.5% of the population are Saudi citizens and around 55.5% are Muslim foreigners from other countries. Pilgrims more than triple the population number every year during the pilgrimage, observed in the twelfth Hijri month of . With over 10.8 million international visitors in 2023, Mecca was one of the ten most visited cities in the world. Mecca is generally considered "the fountainhead and cradle of Islam". Mecca is revered in Islam as the birthplace of the Islamic prophet Muhammad. The Hira cave atop the ("Mountain of Light"), just outside the city, is where Muslims believe the Quran was first revealed t ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Muslim
Muslims () are people who adhere to Islam, a Monotheism, monotheistic religion belonging to the Abrahamic religions, Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God in Abrahamic religions, God of Abraham (or ''Allah'') as it was revealed to Muhammad, the last Islamic prophet. Alongside the Quran, Muslims also believe in previous Islamic holy books, revelations, such as the Tawrat (Torah), the Zabur (Psalms), and the Injeel (Gospel). These earlier revelations are associated with Judaism and Christianity, which are regarded by Muslims as earlier versions of Islam. The majority of Muslims also follow the teachings and practices attributed to Muhammad (''sunnah'') as recorded in traditional accounts (hadith). With an estimated population of almost 2 billion followers, Muslims comprise around 26% of the world's total population. In descending order, the percentage of people who identify as Muslims on each ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Hajj
Hajj (; ; also spelled Hadj, Haj or Haji) is an annual Islamic pilgrimage to Mecca, Saudi Arabia, the holiest city for Muslims. Hajj is a mandatory religious duty for capable Muslims that must be carried out at least once in their lifetime by all adult Muslims who are physically and financially capable of undertaking the journey, and of supporting their family during their absence from home. In Islamic terminology, Hajj is a pilgrimage made to the Kaaba, the "House of Allah", in the sacred city of Mecca in Saudi Arabia. It is one of the Five Pillars of Islam, alongside (oath that one believes there is no god but Allah), (prayer), (almsgiving), and (fasting during Ramadan). The Hajj is an annual practice when Muslim brotherhood is on display and their solidarity with fellow Muslim people and submission to God (Allah) is fulfilled. The Hajj is taken by Muslims to cleanse their souls of all worldly sins, which connotes both the outward act of a journey after death and th ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Al Khobar
Khobar () is a city and governorate in the Eastern Province of the Kingdom of Saudi Arabia, situated on the coast of the Persian Gulf. With a population of 409,549 in the city core and 658,550 in the governorate, as of 2022, Khobar forms part of the Dammam metropolitan area along with Dammam and Dhahran, making up the residential core of Saudi Arabia's Persian Gulf region. The city was founded alongside Dammam by the Dawasir, who moved there in 1923 fearing British persecution with the permission of King Abdulaziz Al Saud. Khobar experienced rapid growth during and after the discovery of oil in Saudi Arabia as it served as the port for the oil exports of Saudi Aramco in the company's early days. Traditionally, Khobar has also been a city of shopkeepers and merchants, and today has several shopping malls in and around it. The city is the newest in the Dammam metropolitan area, facing the Persian Gulf with its 16-km long Corniche Road, which runs parallel to the city's eastern c ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Jeddah
Jeddah ( ), alternatively transliterated as Jedda, Jiddah or Jidda ( ; , ), is a List of governorates of Saudi Arabia, governorate and the largest city in Mecca Province, Saudi Arabia, and the country's second largest city after Riyadh, located along the Red Sea coast in the Hejaz region. Jeddah is the commercial center of the country. It is not known when Jeddah was founded, but Jeddah's prominence grew in 647 when the Caliphate, Caliph Uthman made it a travel hub serving Muslims, Muslim travelers going to the holy city of Mecca for Islamic pilgrimage. Since those times, Jeddah has served as the gateway for millions of pilgrims who have arrived in Saudi Arabia, traditionally by sea and recently King Abdulaziz International Airport, by air. With a population of about 3,751,722 people as of 2022, Jeddah is the largest city in Mecca Province, the largest city in Hejaz, the List of cities in Saudi Arabia by population, second-largest city in Saudi Arabia (after the capital Riyadh), ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Middle East
The Middle East (term originally coined in English language) is a geopolitical region encompassing the Arabian Peninsula, the Levant, Turkey, Egypt, Iran, and Iraq. The term came into widespread usage by the United Kingdom and western European nations in the early 20th century as a replacement of the term Near East (both were in contrast to the Far East). The term "Middle East" has led to some confusion over its changing definitions. Since the late 20th century, it has been criticized as being too Eurocentrism, Eurocentric. The region includes the vast majority of the territories included in the closely associated definition of West Asia, but without the South Caucasus. It also includes all of Egypt (not just the Sinai Peninsula, Sinai) and all of Turkey (including East Thrace). Most Middle Eastern countries (13 out of 18) are part of the Arab world. The list of Middle Eastern countries by population, most populous countries in the region are Egypt, Turkey, and Iran, whil ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

England
England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It shares Anglo-Scottish border, a land border with Scotland to the north and England–Wales border, another land border with Wales to the west, and is otherwise surrounded by the North Sea to the east, the English Channel to the south, the Celtic Sea to the south-west, and the Irish Sea to the west. Continental Europe lies to the south-east, and Ireland to the west. At the 2021 United Kingdom census, 2021 census, the population was 56,490,048. London is both List of urban areas in the United Kingdom, the largest city and the Capital city, capital. The area now called England was first inhabited by modern humans during the Upper Paleolithic. It takes its name from the Angles (tribe), Angles, a Germanic peoples, Germanic tribe who settled du ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]