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Arab National Bank

Banking & Finance

Arab National Bank Overview

The Arab National Bank (ANB) is based in Riyadh, Saudi Arabia and is listed on the Saudi Stock Exchange.

Arab National Bank is among the top 10 largest banks in the Middle East, with more than 150 branches in Saudi Arabia and around two million customers.

ANB was established in 1979 by royal decree taking over the existing operations of Arab Bank in Saudi Arabia.

Jordan’s Arab Bank owns 40 percent of the bank and about 5,000 Saudi shareholders own 60 percent.

ANB’s headquarters are in Riyadh and it has regional offices in Jeddah, Khobar and a network of branches throughout the kingdom. ANB also has an international branch in London, UK.

In May 2023, Arab National Bank said it would invest $38.2 million to set up a new bank in Iraq.

ANB says it “caters to the banking requirements of public sector companies (government and semi-government entities) alongside government economic initiatives to support the achievement of Vision 2030”.

Arab National Bank News

A rendering of the 47,000-seat stadium by Roshn and Aramco in Khobar. Roshn's credit facility has been provided by six Tadawul-listed lenders

PIF-backed Roshn raises $2.4bn for expansion

Saudi Arabian giga-project developer Roshn has secured a new SAR9 billion ($2.4 billion) credit facility from a consortium of locally-listed banks. The loan will support the developer’s expansion and growth plans over the next five years, state-run Saudi Press Agency reported. “We intend to use these funds to further advance our ambitious strategy in the […]

Computer, Electronics, Laptop Iraq's central bank has conducted thorough studies before establishing the regulatory framework for licensing digital banks Iraq bank

Iraq reviews 70 digital bank applications

Iraq’s central bank is reviewing applications for 70 digital banks to drive fintech growth. Digital banks are prevalent worldwide, managing financial transactions between $5 to $7 trillion annually, state-run Iraqi News Agency reported, citing Central Bank of Iraq governor Ali Al-Alaq. He said Iraq has conducted thorough studies before establishing the regulatory framework for licensing […]

Saudi cultural Music is one of the sectors to benefit from funding as part of Saudi Arabia's Vision 2030 programme

Five Saudi banks to finance cultural development fund

Five Saudi banks have agreed to provide financing for a new arts fund managed by Saudi Arabia’s Cultural Development Fund, which has been leading government support for the arts since 2021.  The agreement with Al-Rajhi Bank, Alinma Bank, Banque Saudi Fransi, Arab National Bank and Bank Aljazira will provide support to private sector projects in […]

Neom credit Video length: 07:03

Neom secures $2.7bn as minister admits ‘adjustments’

Saudi Arabia’s $500 billion giga-project Neom has secured new funding as the kingdom’s officials admit some of its Vision 2030 projects may have to be scaled back. The SAR10 billion ($2.7 billion) revolving credit facility, obtained from nine Saudi-listed banks, will support short-term financing requirements for projects such as Trojena, The Line, and Oxagon, Neom said […]

Cenomi Said retail

Cenomi Centers gets $1.4bn to support growth plans

Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […]

Saudi banks remain well capitalised, said one analyst

Saudi’s top 10 banks post 3.8% rise in profits

Saudi Arabia’s 10 largest listed banks saw net income rise 3.8 percent to SAR18 billion ($4.8 billion) in the third quarter of 2023, driven by higher loan growth and interest income.  In light of the Saudi Arabian Interbank Offered Rate (Saibor) increasing by 13 basis points in the third quarter, aggregate total interest income increased by […]

MBC is one the largest media and entertainment companies in the Mena region, with its content reaching over 150 million people every week

Saudi media company MBC Group to float 10% in IPO 

Saudi media major MBC Group plans to launch an initial public offering (IPO) on the Saudi Exchange (Tadawul). The announcement comes after the Capital Market Authority (CMA) approved the company’s plan to offer 33.25 million ordinary shares, representing 10 percent of its share capital. The offering price will be determined at the end of the […]

Arab National Bank Saudi Arabia ANB

Saudi’s ANB invests $38.2m in new Iraqi bank

Saudi Arabia’s Arab National Bank (ANB) will invest $38.2 million to set up a new bank in Iraq, as it looks to boost trade exchange for its customers and expand into new markets. ANB, one of the kingdom’s largest lenders with assets of SAR214.04 billion ($57 billion), will own a 20 percent stake in the […]

NEOM’s IPO plans welcomed by global wealth funds

The Saudi Exchange inched upwards in trading today, following positive reaction to plans by the crown prince to list all companies linked to the sovereign wealth fund in the coming years, part of a wider strategy to turn Tadawul into one of the top stock markets in the world. Saudi crown prince Mohammed bin Salman […]