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Saudi National Bank (SNB; Arabic: البنك الأهلي السعودي), also known as SNB AlAhli, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia. [4] [5] In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank. [6] [7]
Bank name (English) Bank name (Arabic) Headquarters Founded Stock code [3] Saudi National Bank (SNB) البنك الأهلي السعودي: Riyadh: 1953: 1180 Saudi Awwal Bank (SAB) البنك السعودي الأول (ساب) Riyadh: 1978: 1060 The Saudi Investment Bank (SAIB) البنك السعودي للاستثمار: Riyadh: 1976: 1030 ...
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The Alawwal Bank (Arabic: البنك الأول), previously known as Saudi Hollandi Bank, was a Saudi Arabian bank based in Riyadh, Saudi Arabia. It was the first operating bank in the Kingdom of Saudi Arabia and was founded in 1926 as a branch of the Netherlands Trading Society. On 14 March 2021, Alawwal was fully merged with SABB. [4]
The former Prime Minister of Pakistan, Shaukat Aziz, was the Managing Director of the bank in the 1990s. First National City Bank opened its Jeddah branch in 1955, and its Riyadh branch in 1966. Citibank created SAMBA, in which it took a 40% share, to take over its branches in Saudi Arabia, under a Royal Decree on 12 February 1980.
Citigroup decided to cease its operations from Qatar in 1987, allowing Ahli Bank to purchase all of its assets [2] and start operating as an autonomous entity. [3] Ahli United Bank, Bahrain's largest bank, was the largest shareholder in Ahli Bank. In 2012, Ahli United sold all but 1,000 shares of its stake in the bank. [4]
Ahli United Bank B.S.C. Arab Bank PLC; Bahrain Development Bank B.S.C. BBK; BMI Bank B.S.C (c) BNP Paribas; Citibank Bahrain; Credit Libanais SAL; Eskan Bank; Future Bank B.S.C. (c) Habib Bank Limited; HSBC Bank Middle East Limited; ICICI Bank Limited; MashreqBank psc; National Bank of Abu Dhabi (Bahrain Branch) National Bank of Bahrain BSC
In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger ...