NATIONAL COMMERCIAL BANK

Classification: Neither a factory nor a trader. It is a financial institution and service provider.

Company Introduction:

The National Commercial Bank, also known as AlAhli Bank, was established in 1953 as the first licensed Saudi bank and is a pioneer in Islamic banking. In April 2021, NCB officially merged with Samba Financial Group to create the Saudi National Bank (SNB), which is now the largest commercial bank in Saudi Arabia and one of the most powerful financial groups in the Middle East.

Headquartered in Jeddah, Saudi Arabia, the bank provides a comprehensive range of financial services. These include retail banking, corporate banking, treasury and investment services, asset management, and brokerage services. The bank plays a crucial role in supporting Saudi Arabia's economic development and is a key driver of the kingdom's Vision 2030 initiatives.

Business Nature:

As a banking and financial services group, the company does not manufacture physical goods (factory) nor does it buy and sell physical merchandise (trader). Instead, it operates entirely in the service sector, providing financial, investment, and banking solutions to individuals, businesses, and government entities.

Saudi National Bank (formerly National Commercial Bank) offers a comprehensive range of banking and financial products and services.

Retail Banking

Checking Accounts

Savings Accounts

Personal Loans

Auto Loans

Home Loans (Mortgages)

Credit Cards

Debit Cards

Investment Products (e.g., Mutual Funds, Brokerage Services)

Insurance Products (often in partnership)

Digital Banking (Online and Mobile Banking)

Remittance Services

Corporate and Institutional Banking

Corporate Accounts

Business Loans and Financing (e.g., Working Capital, Project Finance)

Trade Finance (e.g., Letters of Credit, Guarantees)

Treasury Services (e.g., Foreign Exchange, Derivatives)

Cash Management Solutions

SME Banking Solutions

Structured Finance

Wealth Management and Private Banking

Wealth Advisory Services

Investment Management

Portfolio Management

Estate Planning

Islamic Banking Products

Murabaha Financing

Ijarah Financing

Tawaruq Financing

Sukuk (Islamic Bonds)