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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 banks. [ 1 ] Local Banks
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.
Jeddah: 1932 Newspaper P A Al-Muhaidib: Conglomerates - Dammam: 1946 Food, retail, industrials, financials, energy P A Al-Rajhi Bank: Financials 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 ...
Al Jazeera Bank; Al-Bilad Bank; Alinma Bank; According to scholar of international finance, Ibrahim Warde, the two largest Islamic banking groups, Dar al-Maal al-Islami and al-Baraka Bank, have not been able to obtain licenses to operate commercial banks in Saudi Arabia, despite the fact that they are both owned by prominent Saudis. In 1985 ...
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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.
The British Bank of Iran and the Middle East, which became British Bank of the Middle East (BBME), opened branches in Jeddah and Khobar in 1950. The Jeddah branch in particular depended for its profits on the Hajj, the Muslim pilgrimage to Makkah (Mecca). Hongkong and Shanghai Banking Corporation acquired BBME in 1959.
The Arab National Bank (anb; Arabic: البنك العربي الوطني) is a major bank based in Riyadh, Saudi Arabia and listed on the Saudi Stock Exchange. [2] It is among the top ten largest banks in the Middle East and has received an 'A' rank from Standard and Poor's. It has 156 branches in Saudi Arabia. [3]