Profile of a major organization

Saudi National Bank (SNB)

PO Box 3555, Jeddah, 21481, Saudi Arabia, Tel +966 126464000, Fax +966 126464466
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Summary

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.

Sector

Financial Services

Sub-Sector

Commercial Banking

Type
Joint-Stock
Ownership
Government | Listed
Date of Establishment
1953-12-26
Number of Employees
13,334 (group)
Arabic Name
البنك الأهلي السعودي
Paid-Up Capital (in Millions)
Revenues (in Millions)
Senior Officers
Major Shareholders

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Interesting historical book on the subject: Major Companies of the Arab World 2104 by Graham & Whiteside

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