First Saudi Bank wins two international awards and strengthens its leadership in banking innovation
In a step that reflects the growing role of innovation in developing the financial sector in the Kingdom, the First Saudi Bank strengthened its position in this field after receiving two awards at the Global Banking & Finance Review Awards 2026, in an achievement that confirms the continuity of its efforts in building an institutional system that supports innovation and contributes to the development of banking services.
And it won "the first" The (Excellence in Innovation Award for the First Innovation Center), which is a major platform for spreading the culture of innovation within the bank, by developing qualitative initiatives and encouraging employees to put forward new ideas and transforming them into practical solutions that contribute to supporting institutional transformation.
The bank also won, for the second year in a row, the (Most Innovative Banking Initiative Award for the Innovation Ambassadors Program 2026), which focuses on enabling employees to participate in developing innovative initiatives, and enhancing cooperation between various departments, in a way that supports building more banking solutions. development and sustainability.
This achievement gains additional importance in light of the global competition witnessed by the awards, which attracted more than 250 entries from financial institutions around the world, which reflects the level of competitiveness that the bank has achieved at the international level.
On this occasion, Saeed Asiri, CEO of Banking Innovation Affairs at Alawwal, said: "This honor represents confirmation of the success of the approach "the first" In making innovation an integral part of its corporate culture, for us it is not separate initiatives, but rather an integrated business approach that leads the decision-making process, product development, and enhancing customer experience, which contributes to providing more efficient and flexible banking solutions that meet their aspirations. We will continue to invest in national competencies, emerging technologies, and qualitative partnerships, in a way that supports the goals of the Kingdom’s Vision 2030 and contributes to accelerating financial innovation in the Kingdom."
The bank continues to invest in developing the innovation system, expanding its strategic partnerships, benefiting from emerging technologies, and empowering national competencies, thus enhancing its contribution to supporting the goals of developing the financial sector.
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