SNB AlAhli ATM - Al Khaleej

The National Commercial Bank is one of the oldest Saudi banks, and one of the most prominent financial institutions in the region. It is considered the first bank of Saudi origin, as it started its activities under the Royal Decree on Rabi Al Thani 20 1373 AH corresponding to December 26 1953 AD as a general partnership resulting from the merging of the largest currency banks in the Kingdom, namely “Saleh and Abdul” Aziz Kaaki and Salem Bin Mahfouz Company, to be after their merger the first legally registered Saudi bank. In 1979, the National Bank of Egypt issued the first investment fund in the Kingdom of Saudi Arabia. Since then, he has participated in a series of first-of-its-kind businesses in a pioneering banking boom in the Kingdom, and is committed to the provisions of Islamic Sharia law in all of his dealings and services. To confirm the leadership, the bank introduced many innovations related to real estate and auto financing, thus leading the pioneering path towards developing many financing services. In addition to being the first bank to issue credit cards, the first to introduce ATMs, the first to create savings programs for students, and the first bank to allocate branches for women. The National Bank was transformed in 1997 into a joint stock company, and in 1999 the Saudi government represented by the Public Investment Fund entered into a shareholding majority of the bank’s ownership, and the rest of the shares were divided between the General Organization for Social Insurance and a number of Saudi investors. In 2014, 25% of the National Bank’s shares were offered for public subscription. The bank was one of the first Saudi companies to implement the principle of institutional government, and it is considered the first bank in the Kingdom to obtain an international certification of business continuity in addition to its leadership in the field of social responsibility, as many new programs were launched that included job opportunities programs, support, and charitable facilities. The National Bank is the largest in the Arab world, with a capital of 30 billion riyals, equivalent to 8 billion US dollars, and owns direct ownership of 90.71% of the shares of Al-Ahly Financial Company, the leading investment banking company, and also owns 67.03% in Turkey Finance Katilim Bankasi Bank. The leader in the Islamic banking sector in Turkey