Saudi National Bank (SNB)
Saudi National Bank (SNB Alahli) (previously The National Commercial Bank) was the first bank to be licensed in Saudi Arabia and is one of the largest financial institutions in the region. It was started as a general partnership, resulting from the merger of two currency houses: Saleh and Abdulaziz Kaki, and the Salem bin Mahfouz Company. In 1997, the bank was converted to a joint stock company. At the end of 2020, Saudi National Bank had total assets of SAR 599.44 billion and 431 branches. In October 2020, it acquired rival Samba Financial Group. The combined entity has over SAR 896 billion in assets.
Profiles of top companies and organizations in the Arabian Gulf
Profiles of the top companies and organizations in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman, and Bahrain, including major subsidiaries of local and multinational firms.
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