The Saudi National Bank

The National Bank of Saudi Arabia “SNB Group” has its main office in Riyadh, the country's capital. It was founded as National Commercial Bank (NCB) in December 1953. The completion of one of the greatest mergers in the area between National Commercial Bank and Samba Financial Group in 2021 has allowed SNB to establish itself as a regional banking leader. Currently, SNB operates subsidiaries and affiliates in 8 different nations.

The National Bank of Saudi Arabia is owned by the Government of Saudi Arabia represented by the General Organization of Social Insurance (GOSI) and the Public Investment Fund. As the largest financial group and one of the most powerful nations in the region, the SNB plays a significant role in assisting economic change in Saudi Arabia by reforming the local banking industry and putting Saudi Arabia's Vision 2030 into practice.

As the biggest institutional and specialist financier in the UK, SNB uses its position to promote significant projects and historic agreements for the Kingdom in a manner that is closely aligned with Saudi Vision programs. The Bank's capabilities throughout the area and locally are strengthened by SNB's solid balance sheet, adaptable business strategy, and sound liquidity position. Additionally, it makes trade and finance transfers between the UK and national and international markets easier.

Founded: 26th December 1953
Headquarters: Riyadh, Saudi Arabia

Website: https://alahli.com/en-us/Pages/RB-SNB-Home-New.aspx