The Saudi Central Bank (SAMA) announced that the Cabinet approved the licensing of EZ Bank as a new digital bank, with a capital of SAR2.5 billion (US$666 million).
EZ Bank, established as a partnership between Ajlan & Bros Holding Group and Qatar National Bank (QNB), will operate in the retail digital banking sector.
With ezbank, the goal is to introduce a new model of customer-centric banking built around innovation, efficiency, and accessibility.
The bank will use mobile-first platforms, AI-driven tools, and smart risk management to make transactions easier, increase access, and support digital economy.
