The Saudi National Bank (1180.SR) SAU

38.50

-0.12(-0.31%)

Updated at October 19 03:16PM

Currency In SAR

The Saudi National Bank

Address

The Saudi National Bank Tower

Riyadh, Riyadh Province 13519

Saudi Arabia

Phone

966 11 299 9666

Sector

Financial Services

Industry

Banks - Regional

Employees

15679

First IPO Date

November 12, 2014

Key Executives

NameTitlePayYear Born
Mr. Tareq Abdulrahman Al-SadhanChief Executive Officer & Director976,712N/A
Mr. Ahmad Ali Eid Al-DhabiGroup Chief Financial Officer0N/A
Mr. Saleh Mohammed SalehHead of Group Shared Services & Group Chief Operating Officer0N/A
Mr. Waleed Bin Hassan AbdulshakoorGroup Chief Legal Counsel01968
Mr. Wael bin Abdulaziz RaiesHead of Group Strategy and Innovation0N/A
Mr. Saud Abdulaziz BajbairGroup Head of Retail Business0N/A
Mr. Abdulbadie AlyafiHead of Investor Relations0N/A
Mr. Fuad Bin Abdullah Al HarbiGroup Chief Compliance Officer01971
Mr. Hasan Faisal HammadGroup Chief Human Resources Officer0N/A
Ms. Sara Abdullatif NugaliHead of Group Strategy & Business Development0N/A

Description

The Saudi National Bank provides various banking products and services in Saudi Arabia. The company operates through four segments: Retail, Wholesale, Capital Market, and International. The Retail segment provides banking services, including lending and current accounts, as well as products in compliance with Shariah rules to individuals and private banking customers. The Wholesale segment offers various conventional credit-related products and financing products to small sized businesses, medium and large establishments, and companies, as well as various treasury and correspondent banking products and services comprising money market and foreign exchange; carries out investment and trading activities; and manages liquidity, market, and credit risks related to investments. The Capital Market segment offers wealth management, asset management, investment banking, and shares brokerage services. The International segment provides banking services outside Saudi Arabia. It also distributes and markets Islamic insurance products; operates as a private equity and hedge fund; issues bonds; invests in and manages real estate development projects; engages in trading in derivatives and repos/reverse repos activities; and provides recruitment and trade finance services. In addition, the company offers debit and credit cards; online and mobile banking services; safe deposit boxes; and cash management and currency exchange services. It operates through 506 branches, 12 retail service centers, 7 corporate service centers, and 130 QuickPay remittance centers in Saudi Arabia, as well as four overseas branches in the Kingdom of Bahrain, the United Arab Emirates, Qatar, and the Republic of Singapore. The company was formerly known as The National Commercial Bank and changed its name to The Saudi National Bank in April 2021. The Saudi National Bank was founded in 1953 and is headquartered in Riyadh, Saudi Arabia.