Saudi Arabia’s Largest Bank Established Through National Commercial Bank and Samba Financial Group Merger

On the 6th of January 2022, The National Commercial Bank (NCB), also known as AlAhli Bank, has concluded the final phase of its merger with Riyadh-based Samba Financial Group to become The Saudi National Bank (SNB).

Why it Matters?

According to a bourse filing, SNB is now believed to be the largest bank in Saudi Arabia, with assets exceeding SAR 900 billion (USD 240 billion) and capital amounting to SAR 44.7 billion (USD 11.92 billion). The new entity will support social prosperity and economic transformation in Saudi Arabia, supported by a market share of 31% and its 12,000 employees in the country and over 4,000 employees in its subsidiaries, according to SNB Chairman, Ammar A. Alkhudairy. Completing the merger also represents a new stage of developmen...