List of Local Banks in Saudi Arabia

M. AMEENLast Updated: September 23, 2023

Introduction

Saudi Arabia is home to a number of banks, both local and international, that offer a range of banking and financial services to individuals and businesses. In this article, we will provide a list of top banks operating in Saudi Arabia, including both traditional and Islamic banks. We will also give a brief overview of each bank and its services, helping you to better understand the banking landscape in the country.

Recommended for You: List of Foreign Banks Operating in Saudi Arabia

Local Banks in Saudi Arabia

Here is a list of local banks:

Saudi National Bank (SNB)

SNB is the largest commercial bank in Saudi Arabia and one of the largest in the Middle East. It was founded in 1953 in the name of National Commercial Bank and currently offers a range of banking and financial services, including retail banking, corporate banking, and investment banking. The bank has over 500 branches in Saudi Arabia.

Don’t Miss This: How to Open an Account with SNB Online

Al Rajhi Bank

Al Rajhi Bank is another major Saudi bank with a strong focus on Islamic banking. It was founded in 1957 and offers a range of banking and financial services, including retail banking, corporate banking, and investment banking. The bank has over 600 branches throughout the kingdom.

Explore More: Opening an Account with Al Rajhi Bank Online

Saudi British Bank (SABB)

SABB is one of the five largest Saudi banks by deposits, and it has over 80 branches throughout the kingdom. It was established in 1978 and offers a range of banking and financial services, including retail banking, corporate banking, and investment banking.

Riyad Bank

This is a major Saudi Arabian bank that was founded in 1957. It offers a range of banking and financial services, including retail banking, corporate banking, and investment banking.

Must-Read: How to Open an Account with Riyad Bank

Banque Saudi Fransi (BSF)

BSF was established in 1977 and currently has a network of 120 branches in the kingdom. It offers a range of banking and financial services, including retail banking, corporate banking, and investment banking.

Arab National Bank (ANB)

ANB is a major Saudi Arabian bank that was founded in 1979. The bank is headquartered in Riyadh and has more than 156 branches across the kingdom. ANB is among the top 10 largest banks in the middle east. It offers a range of banking and financial services, including retail banking, corporate banking, and investment banking.

Alinma Bank

This Saudi Arabian bank was founded in 2007. It is headquartered in Riyadh and operates a network of branches and ATMs across the country. The bank offers a range of banking and financial services, including retail banking, corporate banking, and investment banking. Alinma Bank is known for its focus on digital banking, with a range of online and mobile banking services available to customers.

Keep Reading: Easy Steps to Open an Account with Alinma Bank Online

Bank AlJazira (BAJ)

BAJ is a Saudi Arabian bank that was founded in 1975. It is headquartered in Jeddah and operates a network of branches and ATMs across the country.

Bank AlBilad

Bank AlBilad is a Saudi Arabian bank that offers a range of sharia-compliant products and services, including retail banking products, business products, and investment products through its investment arm, “Albilad Capital.” The bank also offers international remittance services through its remittance arm, “Enjaz.” Founded in 2004 and headquartered in Riyadh, Bank AlBilad operates a network of branches and ATMs across the country

Saudi Investment Bank (SAIB)

SAIB began its operation in 1976. It has a network of 52 branches, including 10 ladies’ branches, throughout the Kingdom. The SAIB offers various banking services, including private banking, commercial banking, corporate banking, and E-Banking.

Conclusion

Overall, Saudi Arabia has a well-developed and diverse banking sector, offering a range of banking and financial services to both individuals and businesses. Whether you are looking for a traditional bank or an Islamic bank, you will find a number of options to choose from in the country. Whether you are a resident or a visitor, it is important to do your research and find the right bank for your needs. This list of banks in Saudi Arabia will provide you with a good starting point as you begin your search for the perfect financial partner.

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