About "Al Ahli Bank of Saudi Arabia" The National Bank of Saudi Arabia is the largest financial institution in the Kingdom of Saudi Arabia, and one of the most prominent regional financial powers. It plays a major role in the economic transformation of the Kingdom with the aim of bringing about a quantum leap in the Saudi banking sector and supporting the realization of the Kingdom's Vision 2030, as its strategy is in line with the vision and its programs. And thanks to its huge financing capabilities as the largest institutional financier, the National Bank of Saudi Arabia contributes to meeting the aspirations and ambitions of future projects that support the Kingdom's Vision 2030. The bank has set its vision to provide a range of leading financial and banking services locally and regionally and has set strategic goals that enable it to achieve this vision. It seeks to be the best bank in terms of income and profits, the best in electronic services and customer service, the first choice for employees, and the best provider of banking services in compliance with Sharia. globally. The bank's relentless efforts to achieve these strategic objectives have been reflected in its outstanding results for eight consecutive years. The bank contributes to providing a new experience, a broader business scope and distinguished services, supported by the latest advanced technologies in accordance with the best international standards and practices. Cash flows to and from the Kingdom through regional and global markets. The bank provides the best digital solutions for its individual customers and residential ownership products for citizens, and support for micro, small and medium enterprises. The bank also seeks to be the most trusted partner and the biggest supporter of mega deals and projects in the Kingdom and the provider of the largest base of Sharia-compliant banking products for all sectors. The National Bank of Saudi Arabia is the largest bank in treasury and financial market activities, and it owns Al-Ahly Capital and Samba for Assets and Investment Management, which constitute the largest asset manager and provider of brokerage and investment banking services in the Kingdom. The National Bank of Saudi Arabia enjoys a strong presence in the global markets, benefiting from the spread of its branches in the Middle East, South Asia and Turkey, which serves the bank's strategic vision to expand regionally and occupy a leading global position in the field of financial services. Saudization and job localization is one of the strategic goals of the National Bank of Saudi Arabia. The bank achieved record numbers in the percentage of Saudization, and most of the members of its executive management team are Saudis. The bank is keen to empower women and give them the opportunity to assume leadership positions in the bank. Social responsibility comes within the bank's priorities, as its new strategy in social responsibility focuses on empowering individuals and non-profit organizations and providing support for all community activities. The establishment of the “Al Ahli Bank of Saudi Arabia” The National Commercial Bank of Saudi Arabia is considered an extension of two ancient banks (the National Commercial Bank and the Samba Financial Group), and the National Commercial Bank is one of the oldest Saudi banks, and it is the first Saudi bank to be established, as it began its activities according to the Royal Decree on Rabi` al-Thani 20, 1373 AH corresponding to December 26, 1953 AD, as a general partnership As a result of the merger of the largest currency banks in the Kingdom. The bank established its Sharia Board in 1996 AD, and in 1997 AD it was transformed into a joint stock company. In 1999 AD, the Saudi government represented by the Public Investment Fund entered the Bank, contributing the majority of the bank’s ownership, and the rest of the shares were divided between the General Organization for Social Insurance and a number of Saudi investors. The year 2014 was one of the most important stations in the march of the National Bank, as it witnessed an important event in the history of the bank by offering 25% of its shares for public subscription. Its growth and development over the course of sixty-eight years reflects its keeping pace with the Kingdom’s march towards modernity and progress, and today the National Bank of Saudi Arabia occupies a leading position among financial institutions with its customer base exceeding 7.4 million customers, meeting their needs through distinguished products and services and innovative solutions that harness modern technology to reach customer experience to horizons New, in addition to meeting their needs for services and products that are compatible with Islamic law. Samba Financial Group (Samba) is a leading Saudi institution in the field of banking and financial services. The year 1955 AD witnessed the opening of the first branch of the group under the name of Citi Bank, and in 1980 Citi Bank in the Kingdom of Saudi Arabia turned into a bank owned by a Saudi majority and became known as the Saudi American Bank. The United Saudi Bank was merged with Samba Financial Group in 1999, and this resulted in the formation of one of the largest financial institutions in the Middle East. In 2003, Samba Bank was transformed into full local management, and the name of the bank was changed to Samba Financial Group. For more than 40 years, Samba has provided a comprehensive range of banking products and services to its individual, corporate, private and investment clients. The group has played a fundamental role in supporting the business of small and medium enterprises in the Kingdom, and has provided banking services to international clients through a growing international network. On April 1, 2021 AD, it was announced that the historic merger between the National Commercial Bank and Samba Financial Group had been completed, and the official launch of the new pioneering bank under the name “Al Ahly Bank of Saudi Arabia”, which began providing its services in its new look, and was headquartered in Riyadh.
