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Bank Albilad

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Banking & Finance

Bank Albilad Overview

Bank Albilad is a joint-stock banking company with headquarters in Riyadh, Saudi Arabia.

Established in 2004, Bank Albilad’s first shareholders were eight of the leading money exchangers in the country.

Bank Albilad offers products and services compliant with sharia law.

Through its investment arm, Albilad Capital, Bank Albilad provides retail banking, business and investment products. Its remittance arm Enjaz provides international remittance services.

Bank Albilad operates more than 110 branches across Saudi Arabia, with 33 sections for women as well as five sales centres and over 170 Enjaz remittance centres.

Bank Albilad’s subsidiaries include Albilad Investment Company, Albilad Real Estate Company and Enjaz Payment Services Company.

Bank Albilad News

Roshn was established to deliver 400,000 homes under the Vision 2030 goal of reaching 70 percent homeownership; ownership was at 64 percent in 2023

Banks vying to fund Roshn’s Saudi expansion

Saudi real estate developer Roshn, a subsidiary of the Public Investment Fund (PIF), is reporting strong interest from banks eager to finance its projects, and demand is so high that some lenders have been turned away, according to a senior executive. In contrast to this momentum, Saudi Arabia’s other giga-projects face financing constraints, with resources […]

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 […]

India has attracted more than half of Gulf wealth fund investments in recent years and ADIA alone has invested hundreds of millions of dollars

Partnerships prove central as ADIA looks to India and beyond

Abu Dhabi Investment Authority, the UAE’s largest sovereign wealth fund, is increasingly forming consortiums to make its deals – and focusing on purchases in India. After a string of acquisitions in Asia, ADIA is now leading a consortium with CVC Advisers with a view to bidding for UK investment platform Hargreaves Lansdown. In June the […]

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 […]

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 […]

The new project will contribute to Saudi Arabia’s plan to host 30 million Umrah performers and six million pilgrims by 2030

$2.9bn fund to develop 2,600 properties in Mecca

The Royal Commission for Makkah City and Holy Sites has launched a SAR10.93 billion ($2.91 billion) fund to develop real estate in the holy city of Mecca. The fund will develop the Al Kidwa area close to Holy Masjid in partnership with Riyadh-based developer Thakher Development Company and investment bank Albilad Capital, the government-owned commission […]