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Saudi National Bank

Banking & Finance

Saudi National Bank Overview

Founded in 1953 under the name of the National Commercial Bank, Saudi National Bank is the result of one of the largest mergers in the region, between NCB and Samba Financial Group in 2021.

Saudi National Bank (SNB) – also know as also known as SNB AlAhli – is based in Riyadh, with subsidiaries and affiliates operating in eight countries around the world.

Subsidiaries include SNB Capital, Türkiye Finans, NCB Capital Real Estate Investment Company, Real Estate Development Company, AlAhli Outsourcing Company, Samba Real Estate Company, SNB Singapore and SNB UAE.

As the largest financial group in Saudi Arabia, SNB says it is supporting economic transformation in Saudi Arabia and the delivery of Saudi Arabia’s Vision 2030.

In 2014 an IPO was made for 15 percent of SNB’s share capital, and an additional 10 percent was allocated to the Public Pension Agency.

The bank’s shares have been trading on the Saudi Stock Exchange (Tadawul) since November 2014.

Saudi Arabia’s Public Investment Fund is a major shareholder.

Saudi National Bank News

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Lending income underpins record Q1 for Saudi banks

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HSBC dominates as Mena investment banking fees soar

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International investors target Saudi IPOs and smaller caps

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Saudi Arabia’s biggest bank wants wealthy depositors back

Saudi Arabia’s largest bank by assets is trying to woo back wealthy customers after losing many since a merger in 2021. SNB, or Saudi National Bank, is a merger of National Commercial Bank and Samba Financial Group, formerly known as the Saudi American Bank. It has underperformed against its major domestic rivals, reporting comparatively lower […]

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