Bank In Saudi Arabia

Gib saudi arabia commercial registration no.

Bank in saudi arabia. 2052001920 licensed by sama under number 2007 and operating under sama s control and supervision branch 9918 unit number 9168 dhahran 34232 3605 kingdom of saudi arabia telephone 96613664000. There are 17 foreign licensed banks in saudi arabia. National bank of bahrain nbb national bank of kuwait nbk bank muscat. In terms of total assets acquired this bank stands at 8 th the total assets acquired by alinma bank at the end of march 2017 were sar 105 256 billion.

Overview of banks in saudi arabia. Sama is the central bank of saudi arabia and it was established to supervise banks and financial institutions manage monetary policy of country to oversee the insurance system and to maintain soundness in the banking system. Samba financial group formerly known as saudi american bank is a large banking group in saudi arabia established in 1980 with the takeover of citibank branches in jeddah and riyadh. The banking system of saudi arabia consists of saudi arabia monetary authority sama it is central bank of saudi arabia retail banks private investment programs specialized lending institutions and the stock market.

National bank of pakistan nbp state bank of india sbi bank business stopped upon the bank request of license in 2017. Hsbc holdings owns approximately 40 of sabb. Overall banking in saudi arabia is easily accessible across the length and breadth of this vast kingdom. As of the first six months of 2019 the country is home to 2 062 bank branches.

Saudi british bank sabb provides a complete range of products and services to retail and corporate sectors. Incorporated in 1953 national commercial bank also known as alahli bank is the largest of the banks in saudi arabia and is considered a pioneer in islamic banking. Bank aljazira gulf international bank saudi aribia gib sa. Alinma bank is one of the top banks in saudi arabia.

Riyadh has the most bank branches at 627 followed by the mecca makkah region at 436 and the eastern province 403 branches. National commercial bank or alahli bank is the largest bank in saudi arabia by total assets and the second largest by market capitalization. Foreign licensed banks in saudi market. Headquartered in jeddah it employs 8 035 staff and serves more than 5 million customers through its 374 branches.