Company Profile
The Saudi National Bank, through its subsidiaries banks and investment management services in the Kingdom of Saudi Arabia and globally. The company offers current, Al Wessam, gold, commercial enterprise, and corporate accounts.
Its portfolio also includes Shariah-compliant financing solutions, financial solutions to MSMEs, point-of-sale Merchant Financing, personal and lease finance, and residential finance, and corporate finance solutions Including Ijara, Musharaka financing, Project and Structured Finance, Syndications and Placements, and Tawarruq, as well as deposit, prepaid, and credit cards.
Its portfolio also includes cash management services, such as dividend distribution, payroll, escrow account management, deposit, and debit services, guarantees, fleet leasing, investment products, and digital banking, treasury services, such as foreign currency exchange, money markets, and shariah compliant products, payments and transfers, and trade finance
Including documentary collection, export and import letter of credit, letter of guarantees, documentary collection, letter of credit program for Saudi industrial development fund clients. Additionally, it operates as a private equity fund.
Its portfolio also includes keeps and manages title deeds and collateralized real estate properties, trades in derivatives and repos/reverse repos activities, sells POS equipment and devices, manages liquidity, market, and credit risks, and provides recruitment services, safety deposit boxes, private banking services, wealth management, asset management, investment banking, and shares brokerage services
Correspondent banking products and services, including money market and foreign exchange. Founded in 1950 and headquartered in Riyadh, the Kingdom of Saudi Arabia, The Saudi National Bank was formerly known as The National Commercial Bank before rebranding in April 2021.