Banque Saudi Fransi is a bank established on June 4, 1977 as a Saudi joint stock company, with its main headquarters in Riyadh. Banque Saudi Fransi has a strategic partnership with Credit Agricole Finance and Investment Bank, which owns 14.91% of the bank's capital and is considered one of the prominent members of the Credit Agricole Group, which was the first bank to be established in France, and is one of the seven largest international banks in the eurozone in terms of volume. The total volume of shareholders' equity, and the capital amounted to 12,053,571,670 Saudi riyals as of June 2016. the date Banque Saudi Fransi - a Saudi joint stock company - was established pursuant to Royal Decree No. M/23 dated Jumada II 17, 1397 AH corresponding to June 4, 1977 AD. The bank officially started its operations on Muharram 1, 1398 AH, corresponding to December 11, 1977 AD, after the operations of the Indochine and Suez Bank in the Kingdom of Saudi Arabia were transferred to it. The Bank operates under Commercial Registration No. 1010073368 dated Safar 4, 1410 AH corresponding to September 5, 1989 AD, and its branch network currently reaches 87 branches in the Kingdom of Saudi Arabia. The number of bank employees is currently 2,687 employees. activity The Bank's objectives are to provide all types of banking services, including Sharia-compliant products approved and supervised by an independent Sharia Board
