In Saudi Arabia, a total of 31 banks are currently licensed by the Saudi Arabian Monetary Authority (SAMA):[1][2] 11 local[2] banks and 20 branches of foreign banks.[1]
There are 11 local licensed banks in Saudi Arabia:[2]
List of local commercial banks
| Company name (English) | Company name (Arabic) | Headquarters | Founded | Stock code[3] |
|---|---|---|---|---|
| Saudi National Bank | البنك الأهلي السعودي | Riyadh | 1953 | 1180 |
| The Saudi British Bank (SABB) | البنك السعودي البريطاني (ساب)) | Riyadh | 1978 | 1060 |
| Saudi Investment Bank | البنك السعودي للاستثمار | Riyadh | 1976 | 1030 |
| Alinma bank | مصرف الإنماء | Riyadh | 2006 | 1150 |
| Banque Saudi Fransi | البنك السعودي الفرنسي | Riyadh | 1977 | 1050 |
| Riyad Bank | بنك الرياض | Riyadh | 1957 | 1010 |
| Al Rajhi Bank | مصرف الراجحي | Riyadh | 1957 | 1120 |
| Arab National Bank | البنك العربي الوطني | Riyadh | 1949 | 1080 |
| Bank AlBilad | بنك البلاد | Riyadh | 2004 | 1140 |
| Bank AlJazira | بنك الجزيرة | Jeddah | 1975 | 1020 |
| Gulf International Bank Saudi Arabia (GIB-SA) | بنك الخليج الدولي - السعودية | AlKhobar | 2019 |
Foreign banks
There are 20 foreign licensed banks in Saudi Arabia including:[1]
- American Express Bank
- Bank Muscat
- BNP Paribas
- Credit Suisse (Licensed - had not yet started as of 16 January 2020)
- Deutsche Bank
- Emirates NBD
- First Abu Dhabi Bank (FAB)
- Industrial and Commercial Bank of China (ICBC)
- J.P. Morgan Chase N.A
- MUFG Bank, Ltd.
- National Bank of Bahrain (NBB)
- National Bank of Kuwait (NBK)
- National Bank of Pakistan (NBP)
- Qatar National Bank (QNB)
- Standard Chartered Bank (Licensed - had not yet started as of 16 January 2020)
- State Bank of India (SBI) Bank business stopped upon the bank request of license in 2017[4]
- Trade bank of Iraq (Licensed - had not yet started as of 16 January 2020)
- Ziraat Bankası
The full and updated list can be seen on www.sama.gov.sa.[5]
See also
References
- 1 2 3 "Banking Control Foreign Banks". www.sama.gov.sa. Retrieved 2021-10-30.
- 1 2 3 "Banking Control Local Banks". www.sama.gov.sa. Retrieved 2021-10-30.
- ↑ "Home". Retrieved Mar 15, 2023.
- ↑ Cheruppa, Hassan (Aug 10, 2017). "SBI Jeddah to cease operation by 2017 end as SAMA clears the way". Saudigazette. Retrieved Mar 15, 2023.
- ↑ "Licensed Entities Banks".
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