Saudi National Bank

Saudi National Bank
البنك الأهلي السعودي
Company typePublic
Tadawul1180
ISINSA13L050IE10 Edit this on Wikidata
IndustryFinance
Founded
  • 26 December 1953 (1953-12-26)
    (as The National Commercial Bank)
  • 1 April 2021 (2021-04-01)
    (via the merger of National Commercial Bank & Samba Financial Group)
HeadquartersRiyadh, Saudi Arabia
Number of locations
502 Branches (2021)
3,770 ATM's (2019)
Key people
ProductsFinancial services
Total assetsUS$273.9 billion (2022) [3]
Number of employees
13,058 (2021)
WebsiteSNB Website

Saudi National Bank (SNB), also known as SNB AlAhli (Arabic: البنك الأهلي السعودي), 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]

On 27 March 2023, Ammar Abdul Wahed Al Khudairy resigned as the bank's chairman citing personal reasons, two weeks after Al Khudairy stated that SNB would not be acquiring more shares in troubled Swiss bank Credit Suisse due to regulatory constraints, which caused more panic among investors.[8]

  1. ^ "Investor Relations Board of Directors". www.alahli.com.
  2. ^ "About Us Management". www.alahli.com.
  3. ^ "National Commercial Bank". Forbes.
  4. ^ Shankar, Sneha (20 October 2014). "Saudi Arabia's Largest Bank, National Commercial Bank, To Convert To Fully Islamic Bank". International Business Times. Retrieved 24 March 2018.
  5. ^ "List of Banks in Saudi Arabia 2019 - Overview of Top Banks". ADV Ratings. Retrieved 7 November 2019.
  6. ^ "Saudi Arabia achieves new milestone in banking sector". Arab News. 1 April 2021. Retrieved 1 April 2021.
  7. ^ "Fitch Affirms Saudi National Bank at 'A-' on Merger Completion; Withdraws Samba's Ratings". www.fitchratings.com. April 8, 2021.
  8. ^ "Saudi National Bank appoints Al Ghamdi as chairman". Reuters. 2023-03-27. Retrieved 2023-03-27.

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