Banks in Saudi Arabia

Al-Ahli Bank Al Rajhi bank Bank Al-Jazira Arab National Bank Banque Saudi Fransi Islamic Development Bank
Al Ahli Al Rajhi Al Jazira Anb Saudi Fransi IDB
Riyad Bank Samba Bank Saudi British Bank Saudi Investment Bank Alawwal Bank
Riyad Bank Samba Group Saudi British Bank SAIB Alawwal

Alawwal Bank (formerly known as Saudi Hollandi Bank) is the first bank opened in the Kingdom of Saudi Arabia. With about 70 branches and 550 ATMs, it has a market capitalization of US$3.6 billion (January 7, 2018).

Arab National Bank (ANB) – One of the ten largest banks in the country. It was established in 1979 and has about 150 domestic branches and one branch in London. As of March 2017, the customer deposits and total assets reached US$36 billion and US$46 billion, respectively.

Al Rajhi Bank – One of the world's largest Islamic banks. It has the largest branch and ATM network in Saudi Arabia. As of December 4, 2017, the company had a market capitalization of US$28 billion.

Alinma Bank offers a full range of Shariah-compliant retail, corporate and investment banking services through a network of about 80 branches in the Kingdom of Saudi Arabia. As of December 4, 2017, it had a market capitalization of US$7.2 billion.

Bank Al-Jazira (BAJ) – One of the leading financial institutions in Saudi Arabia. It offers innovative sharia compliant financial products and services. As of March 31, 2017, it had total assets of approximately US$18 billion and employed about 2,200 people.

Banque Saudi Fransi (BSF) – A full service commercial bank headquartered in Riyadh. It is a leading provider of financial products and services in the KSA and other markets.

Islamic Development Bank (IDB) was established by Finance Ministers of Muslim countries. The purpose of IDB is to foster the economic development and social progress in according to Islamic principles.

National Commercial Bank (NCB) (Al-Ahli Bank) – The first Saudi Arabian bank. NCB is the largest bank in terms of capital in the Arab world and one of the pioneers in Islamic banking.

Riyad Bank – One of the largest financial institutions in the Middle East. The Bank's network includes over 300 local branches and 2,700 ATMs as well as international offices in London, Houston, and Singapore.

Samba Financial Group (formerly known as Saudi American Bank) is a large banking group in Saudi Arabia, established in 1980 with the takeover of Citibank branches in Jeddah and Riyadh.

Saudi British Bank (SABB) provides a complete range of products and services to retail and corporate sectors. HSBC Holdings owns approximately 40% of SABB.

Saudi Investment Bank (SAIB) – A Saudi Arabian joint stock company established in 1976. SAIB offers a wide of range of banking products and services including deposit accounts, mortgages, insurance, letters of credit, trade finance, loan syndications, foreign exchange, treasury and advisory services, hedging solutions, asset management, credit card related products and other services.

United Saudi Bank (USB) merged with Samba in 1999 by an exchange of shares to form one of the largest banks in Saudi Arabia and the Middle East.

Top Banks in Saudi Arabia

Following are the largest banks in Saudi Arabia according to their assets.

Rank Company Total assets (SAR b, March 2017) Total assets (US$b, March 2017)
1 National Commercial Bank (NCB) 448.717 121.470
2 Al Rajhi Bank 337.230 91.290
3 Samba Financial Group 231.935 62.780
4 Riyad Bank 216.323 58.560
5 Banque Saudi Fransi 204.358 55.320
6 Saudi British Bank (SABB) 185.264 50.150
7 Arab National Bank 168.427 45.590
8 Alinma Bank 105.256 28.058
9 Alawwal Bank 100.369 27.170
10 Saudi Investment Bank (SAIB) 97.546 26.410
11 Islamic Development Bank (IDB) * 96.110 25.624
12 Bank AlJazira 65.114 17.630

* IDB assets for FY 2016