Sun 26 Sep 2010 07:52 AM
David Dew
29

David Dew

Industry: Banking & Finance

Designation: Saudi British Bank (SABB) came out $285m in the black for the first half of 2010.

Country: Saudi Arabia

Occupation: Saudi British Bank (SABB) came out $285m in the black for the first half of 2010.

$82,061

Saudi British Bank

Saudi Arabia

Saudi British Bank (SABB) came out $285m in the black for the first half of 2010. This reflects a decline of 25.6 percent on the year earlier period but remains a fairly solid result in the current economic climate.

Like rival lenders, Saudi's fifth-largest bank by market value has pressed on with a clean-up of its loan portfolio, booking $134.3m during the second quarter as local firms defaulted on repayments.

SABB, which is 40 percent owned by British lender HSBC, will be betting on its 3,473-strong workforce to weather the tail end of Saudi's domestic storms.

And with MD David Dew able to count on each employeee for a respectable $82,061 return, it appears this Saudi-based lender is on the path to recovery.