The bank was founded in December 1953 under the name of the National Commercial Bank (NCB). In 2021, SNB emerged as a banking champion after completing one of the largest mergers in the region between the National Commercial Bank and Samba Financial Group. SNB is a Saudi bank headquartered in Riyadh, the capital city of Saudi Arabia.
The Saudi National Bank, through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally. It provides deposit, prepaid, and credit cards; 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. SNB is the largest financial group in Saudi Arabia and one of the largest powerhouses in the region, playing a vital role in supporting economic transformation in Saudi Arabia.
SNB employs over 10,000 professionals and is a significant economic force. SNB's 2024 revenue was $20.0 billion. Currently, SNB has subsidiaries and affiliates operating in 8 countries around the world. Tareq Abdulrahman Al Sadhan serves as the CEO of the Bank, effective from 1 May 2024.
Facts compiled by Executive Moves from publicly available news and press releases on 26 May 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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