In Saudi Arabia, there are 24 licensed banks, 12 of which are local and 12 of which are foreign-owned. The SAMA is the country’s central bank, responsible for managing monetary policy, printing currency and retaining reserve assets. It also has jurisdiction over banking supervision and regulation. Below is a list detailing each bank in Saudi Arabia.
List of Top 5 banks and their location in Saudia
Below you will find the contact information for some of the most popular banks around the world.
1 – Saudi National Bank
Foundation year: 1953
Headquarter: Jeddah
Address: Al-Baghdadiyah Al-Gharbiyah, Jeddah 22231, Saudi Arabia, +966 12 672 7188
2 – National Bank of Kuwait
Foundation year: 1952
Headquarter: Jeddah
Address: Prince Saud Al Faisal, Al Khalidiyyah, Jeddah 23422, Saudi Arabia, +966 12 603 6300
Location: National Bank of Kuwait
3 – SNB AlAhli
Foundation year: 1999
Headquarter: Jeddah
Address: F5QJ+7V Al-Baghdadiyah Al-Gharbiyah, Jeddah, 22233, Saudi Arabia, +966 12 646 4999
Location: SNB AlAhli
If you have an Al Ahli account, here are some steps on how to update your current Iqama
4 – Arab National Bank
Foundation year: 1930
Headquarter: Jeddah
Address: Al-Ruwais, Al Andalus, Jeddah 23213, Saudi Arabia
Location: Arab National Bank
5 – Alinma Bank
Foundation year: 2006
Headquarter: Riyadh
Address: Al Anoud Tower, King Fahad Road, Riyadh 11586
Location: طريق الملك فهد الفرعي، العليا، الرياض 12214
Some other notable Banks
1 – Alawwal Bank: The first bank to ever exist in the KSA was Alawwal Bank (formerly known as Saudi Hollandi Bank). It has a current market value of US$3.6 billion.
Foundation year: 1926
Headquarter: Riyadh
Address: Dhabab Street Riyadh, 11431 Saudi Arabia; PHONE. 966-7888-406, PO Box 1467
2 – Banque Saudi Fransi (BSF): It is a full-service commercial bank based out of Riyadh. It has an excellent record in providing quality service to its clients all over the Kingdom and other markets.
Foundation year: 1977
Headquarter: Jeddah
Address: MPQ9+G3، طريق الملك عبدالعزيز، Al Wizarat, Riyadh 12622, Saudi Arabia, +966 11 874 4000
3 – Samba Financial Group: Saudi American Bank is a banking conglomerate based in Saudi Arabia. Founded in 1980 with the acquisition of Citibank, SABA has grown to include over 50,000 employees worldwide.
Foundation year: 1980
Headquarter: Riyadh
Address: Al Madinah Al Munawwarah, Dhahrat Al Badi’ah, Riyadh 12974, Saudi Arabia
Another list of banks in Saudia
| Bank name | Foundation | Headquarter |
| Saudi Investment Bank | 1976 | Riyadh |
| The Saudi British Bank (SABB) | 1978 | Riyadh |
| Bank AlJazira | 1975 | Jeddah |
| Riyad Bank | 1957 | Riyadh |
| Al Rajhi Bank | 1957 | Riyadh |
| Banque Saudi Fransi | 1977 | Riyadh |
| Bank AlBilad | 2004 | Riyadh |
| Gulf International Bank | 2019 | AlKhobar |
| Banque Saudi Fransi | 1977 | Riyadh |
Main branches of foreign banks in the Kingdom of Saudi Arabia
- Qatar National Bank (QNB)
- J.P. Morgan Chase N.A
- National Bank of Pakistan (NBP)
- MUFG Bank, Ltd.
- Emirates NBD
- Bank Muscat
- Deutsche Bank
- Trade bank of Iraq
- Standard Chartered Bank
- National Bank of Bahrain (NBB)
- First Abu Dhabi Bank (FAB)
- BNP Paribas
- Industrial and Commercial Bank of China (ICBC)
Frequently asked Questions
1 – What are the major categories of Saudi banks?
There are banks which specialize exclusively in commercial dealings.
Other banks that handle industrial-related businesses
There are many banks out there who specialize in agricultural business.
Other banks that are also involved in property investment
2 – Is there a central bank in Saudia?
The Saudi Central Bank was founded in 1952 by royal decree after being assigned a variety of duties by various regulations and laws.
3 – What is the name of Saudi Arabia’s central bank?
The Central Bank of Saudi Arabia (CBA) is SAMA. Founded in 1952, it has been located in Riyadh ever since it first opened its doors.
