The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of International Annual Reports. The best of Gold awards across all categories compete for Grand Awards which are popularly dubbed the ‘Oscars’ of Annual Reports. Notably, SIB’s integrated report 2018 is the only annual report from the Middle Eastern region to receive a coveted Grand Award. This rare accolade won by a Saudi Bank is an indicator of the changing reporting landscape in the Kingdom of Saudi Arabia which is increasingly positioning itself as an attractive destination for Investment. The Grand Award that the Bank has been crowned with considers a 360 view of its annual report. That includes the robustness of the financial data, the quality and extent of the non-financial data including ESG data, the clarity and lucidity of the writing, the appropriateness of the design, and the effective use of digital channels. Chiefly, SIB’s comprehensive end-to-end HTML on-line annual report not only caters to the information needs of diverse stakeholder groups but also provides readers with a holistic understanding of the company and its performance. In addition to the Grand Award, SIB’s 2018 Integrated Report also won Gold, Silver, Bronze, and Honours awards for various specific aspects. This is the 33rd Annual International ARC Awards. It is the most sought after and prestigious international awards scheme for annual reports. This year there were over 2,000 entries from nearly 40 countries around the world. Only the top 30 percent of all entries qualify for any sort of an ARC award, given its stringent criteria and multi-level judging process using a wide array of over 30 distinguished judges from around the world. Commenting on the awards, SIB’s CEO Faisal Abdullah Al-Omran stated, “This win places SIB in the ranks of ARC Grand Awards alumni such as IBM of the USA, Daimler AG of Germany, and WPP of UK. It also gives us further motivation to elevate our standards of reporting giving equal emphasis to financial as well as non-financial reporting. We have been always conscious of communicating effectively with our stakeholders and this Grand Award validates our efforts and provides us with a sense of direction for our annual reports in the years to come.” The Saudi Investment Bank (SIB) started operations in 1977. The Bank provides conventional and Shariah-compliant banking facilities within Saudi Arabia. Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion... 5 Sep 2018 SIB’s 2017 Integrated Report Wins 5 International Awards The Saudi Investment Bank’s 2017 Integrated Report has received international acclaim when the winners of the International ARC...