SAMBA FINANCIAL GROUP SAUDI ARABIA

Company Profile: SAMBA FINANCIAL GROUP SAUDI ARABIA

Company Type:

Samba Financial Group was a financial services institution, specifically a commercial bank. It was neither a factory nor a trader.

Overview:

Samba Financial Group was one of Saudi Arabia's leading banking and financial services institutions. Established in 1980, it offered a comprehensive range of banking products and services to corporate, institutional, and individual clients. Samba was recognized for its strong financial performance, robust risk management practices, and innovative banking solutions across retail banking, corporate banking, investment banking, and treasury services.

Merger:

In 2021, Samba Financial Group merged with The National Commercial Bank (NCB) to form the Saudi National Bank (SNB). This merger created the largest bank in Saudi Arabia and one of the largest in the Middle East. As a result, Samba Financial Group as an independent entity no longer exists, with its operations now integrated into Saudi National Bank.

Headquarters (prior to merger):

Riyadh, Saudi Arabia.

Services Offered (prior to merger):

Retail Banking: Personal accounts, loans, mortgages, credit cards.

Corporate Banking: Corporate finance, trade finance, cash management.

Investment Banking: Asset management, advisory services, brokerage.

Treasury Services: Foreign exchange, money market operations.

SAMBA FINANCIAL GROUP SAUDI ARABIA primarily offers a range of financial products and services, including:

* Retail Banking: Accounts, loans, credit cards

* Corporate Banking: Financing, treasury services, trade finance

* Investment Banking: Advisory, asset management, brokerage services

* Islamic Banking: Sharia-compliant financial solutions

* Wealth Management: Private banking, investment advice