Saudi Awwal Bank (SAB), a leading financial institution, has won the esteemed ‘Gold Award’ from the Chartered Institute of Procurement & Supply (CIPS) under its global Procurement Excellence Programme (PEP).
The award highlights SAB’s commitment to governance, ethical sourcing and sustainable procurement, all central to SAB’s broader vision of operational excellence and innovation.
With this achievement, the bank becomes the first Saudi entity and the 11th worldwide to receive this prestigious recognition. The Gold Award by CIPS is an esteemed certification that honors organizations with procurement excellence, effective business integration and strong performance management aligned with global best practices.
“This is a proud moment for SAB and a milestone for the wider procurement profession in the Kingdom. SAB’s achievement of the CIPS Gold Award is a clear indication of its commitment to placing procurement at the center of business strategy and transformation. This award recognizes SAB’s excellence in governance, strategic alignment, and operational delivery.”
Ghada Al Jarbou, Chief Operating Officer at SAB, added that, “The CIPS Advanced Gold Certification validates the strength of our procurement transformation. It reflects our focus on building robust governance, enhancing operational efficiency and ensuring our procurement function supports long-term innovation and resilience. This achievement demonstrates SAB’s commitment to operational excellence and strategic growth, which in turn strengthens our ability to deliver sustainable value to our employees, customers and shareholders.”
The Procurement Excellence Programme by CIPS is an internationally recognized framework used by public and private sector organizations worldwide to benchmark, assess and enhance their procurement functions. It evaluates performance across leadership, strategy, people, process, and systems, offering a roadmap for continuous improvement.
