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. In October 2020, Saudi National Bank acquired rival Samba Financial Group. The combined entity has SAR 945.5 billion in assets (end 2022), 10 million customers, and 498 branches in Saudi Arabia, in addition to four branches in Bahrain, UAE, Qatar, and Singapore.
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