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In Saudi Arabia, a total of 37 banks are currently licensed by the Saudi Central Bank (SAMA): [1] [2] 11 local banks, [2] 23 branches of foreign banks, and 3 digital ...
Alinma Bank (Arabic: مصرف الإنماء) is a Saudi joint stock company formed in accordance with Royal Decree No. M/15 dated 28 March 2006 and Ministerial Resolution No. 42 dated 27 March 2007. The bank was established with share capital of SAR 20 billion, consisting of 1.5 billion shares with a nominal value of SAR 10 per share.
The following is a list of banks in the Arab World. The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country. Today Arab banks are among the most pioneering in Developing countries , and some are competitors to major international banks.
Banks Riyadh: 1957 Islamic bank P A Alawwal Bank: Financials Banks Riyadh: 1926 Bank, formerly Saudi Hollandi Bank P A Aldrees Petroleum and Transport Services Company: Oil and gas Exploration & production Riyadh: 1962 Petroleum marketing P A Alinma Bank: Financials Banks Riyadh: 2006 Bank P A Almarai: Consumer goods Food products Riyadh: 1977 ...
In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger ...
The Saudi Investment Bank (SAIB) (Arabic: البنك السعودي للاستثمار) was established as a Saudi joint stock, pursuant to Royal Decree No. M/31 of 25 Jumada al-Thani, 1396H (corresponding to June 23, 1976) in Saudi Arabia. [2] The bank started operations in March 1977. [citation needed]
Banque Saudi Fransi (BSF; Arabic: البنك السعودي الفرنسي) is a Saudi Arabian bank established by Royal Decree No. M/23 dated June 1977. BSF has a banking network of about 83 Full-Fledged branches, 4 ladies section, 563 ATM's and 45031 POS across the Saudi Kingdom and employs over 3,000 staff. [ 4 ]
meem (meem م) is the retail banking arm of Gulf International Bank B.S.C. (GIB), [2] offering retail banking services to Bahraini and Saudi customers. It is intended to target the technophile customer base by offering Sharia-compliant, non-traditional banking services licensed by the Saudi Arabian Monetary Agency.