Alawwal Bank

Alawwal Bank

Alawwal Bank (formerly Saudi Hollandi Bank) offers a wide range of personal and business banking services including current and saving accounts, overdraft accounts, consumer loans, credit cards, treasury and trade services, corporate finance, structured finance, internet banking, brokerage, asset management, hedging and investment products, insurance as well as an extensive range of Shari’ah-compliant products. It also offers a broad array of ladies banking services through ladies branches. The company was established in 1926. It was the only bank in the Kingdom at the time and acted as the central bank, keeping the Kingdom's gold reserves and receiving oil revenues. Today the company employs approximately 1,700 staff and operates through a network of more than 65 branches and over 550 ATMs. As at March 31, 2017, the Bank had total assets of SAR 100.369 billion, customer deposits of SAR 80.297 billion, loans of SAR 70.481 billion and shareholders' equity of SAR 12.9 billion.

In 2016, Saudi Hollandi Bank changed name to Alawwal Bank. Alawwal, meaning "The First" in Arabic, references the company's status as the first bank to operate in the Kingdom.

 Credit Ratings

  Long-term Short-Term Outlook
Moody's A3 P-2 Stable
Fitch BBB+ F2 Stable

Alawwal Bank subsidiaries:
Alawwal Invest
Alawwal Real Estate Company (AREC)
Alawwal Insurance Agency Company (AIAC)
Wataniya Insurance Company (WIC)

Head Office address:
Al-Dhabab Street
Riyadh 11431
Kingdom of Saudi Arabia
Customer Care phone: 800 124 3332