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Banks in Saudi Arabia

 

Middle East > Saudi_Arabia > Business_and_Economy > Finance > Banks

 

1     Saudi Arabian Monetary Agency (SAMA)

Central bank of Saudi Arabia; functions: issues national currency, acts as a banker to the government, supervises commercial banks, manages foreign exchange reserves, conducts monetary policy; site has info about currency or money museum

 

2     Al Rajhi Banking and Investment Corporation

One of the largest banking companies in Saudi Arabia; offers products and services in personal and corporate banking like credit cards, treasury services, ladies banking, phone banking, deposit boxes, private banking, mutual funds, local shares etc

 

3     Banque Saudi Fransi

Saudi Arabian joint stock company affiliated with Calyon of France; it is a full service commercial bank that provides comprehensive financial services and products in Saudi Arabia and other markets; offers several Islamic banking products

 

4     National Commercial Bank

First bank established in Saudi Arabia; operates more than 250 branches across the country including more than 100 dedicated exclusively to Islamic banking services; offers personal and business banking services including private banking

 

5     Riyad Bank

Retail & corporate bank with a network of nearly 200 branches and 618 automated teller machines across the Kingdom

 

6     SABB (formerly The Saudi British Bank)

Commercial bank with a network of 73 branches across Saudi Arabia (13 exclusive ladies' sections/branches); associate company of the HSBC Group; head office is in Riyadh; activities: personal banking, investment banking, Islamic banking, treasury etc

 

7     Samba Financial Group

Bank established in 1980 to take over the then existing Citibank branches in Riyadh and Jeddah; site has info about the services and products it offers

 

8     Saudi Hollandi Bank

First bank in Saudi Arabia, originally set up to serve pilgrims from the Dutch East Indies (now Indonesia); today it is a Saudi joint stock company, 40% owned by ABN Amro; offers personal banking and corporate banking services and mutual funds

 

9     Saudi Hollandi Bank (SHB)

Full-service bank headquartered in Riyadh, with 40 branches nationwide & a network of ATMs; affiliated with ABN AMRO; provides personal & corporate banking services, including Islamic banking

 

10     Saudi Investment Bank (SAIB)

Commercial bank whose activities include personal banking, Islamic banking, corporate banking, investment banking, treasury & electronic banking; shareholders include J.P. Morgan Chase, Mizuho Corporate Bank & Saudi investors

 

 

 

 

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