1060 fundamentals

Saudi Awwal Bank engages in the finance sector. It operates through the following segments: Wealth and Personal Banking, Corporate and Institutional Banking, Treasury, Capital Markets, and Others. The Wealth and Personal Banking segment caters mainly to the banking requirements of personal and private banking customers. The Corporate and Institutional Banking segment focuses on the banking requirements of corporate and institutional banking customers. The Treasury segment manages the group's liquidity, currency, and special commission rate risks. It is also responsible for funding the group’s operations and managing the group’s investment portfolio and liquidity position. The Capital Markets segment includes activities of the group’s investment in its subsidiary for investment banking and brokerage, Alawwal Invest. The Others refers to activities of the group’s investment in its associate, HSBC Saudi Arabia, and equity investments. It also includes elimination of inter-group income and expense items. The company was founded on January 21, 1978 and is headquartered in Riyadh, Saudi Arabia.