The National Commercial Bank is one of the largest Saudi institutions throughout the history of the Kingdom. Mahfouz" and "Saleh and Abdulaziz Kaaki" company, so that after they merged, they would be the first Saudi bank, and it was called the National Commercial Bank and was legally registered at that time.
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Branches and addresses of the National Commercial Bank in the Kingdom of Saudi Arabia
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Vision of the National Bank
- Since the day of its establishment, the National Bank's vision has become to become one of the pioneers in financial services in the Kingdom and to set goals and strategies to help it achieve that vision.
- It is now striving to be the best bank in electronic services, the first in customer service, the strongest in income and profits, and to become the only choice for customers.
- Those relentless efforts to achieve the bank’s strategic goals have reaped fruit, as the bank has achieved outstanding results for four consecutive years, the last of these years being 2017 AD, in which the bank’s profits increased by 2.5%, bringing the total profits to 80.9 billion Saudis.
History of the National Commercial Bank of Saudi Arabia
- The National Commercial Bank is the oldest of the banks in the Kingdom, and it is considered the first bank of Saudi origin, as the bank began its activities according to the Royal Royal Decree issued by the Royal Court on Rabi Thani 20, 1373 AH, corresponding to December 26, 1953 AD.
- In 1999, the Saudi government, represented by the Public Investment Fund, joined the majority of the bank's sukuk. The National Bank, represented by the Saudi government, has direct ownership of 90.71% of the shares of Al Ahly Financial Company, the leading investment banking company.
- The National Bank also owns 67.03% in the Turkish Bank, Finance Katilim Bankasi, the first bank in the Islamic banking sector in Turkey.
The first offering of the bank
The year 2014 witnessed one of the most important stations in the history of the bank, where 25% of the bank’s shares were offered for public subscription, and this announced the beginning of a new era in which the bank shares its results with its investors through expansion operations in various sectors and fields, and this may make the bank witness an upward growth in its profits in during the coming years.
Bank's Board of Directors
- Saeed Al-Ghamdi - Chairman of the Board of Directors
- Faisal Omar Al Saggaf - Member of the Board of Directors, Chief Executive Officer
- Rashid Ibrahim Sharif - Member of the Board of Directors
- David Jeffrey Meek - Member of the Board of Directors
- Marshall Charles Bailey - Member of the Board of Directors
- Anas Ahmed Moumina - Member of the Board of Directors
- Saud Suleiman Al-Juhani - Member of the Board of Directors
- Ziyad Muhammad Al-Tunisi - Member of the Board of Directors
- Muhammad Ali Al-Hawqal - Member of the Board of Directors
- Zaid Abdul Rahman Al-Quwaiz - Member of the Board of Directors
Awards obtained by the Bank
- “Al-Ahly Takaful” is the best Takaful company in Saudi Arabia within the awards presented by the International Finance Magazine for the year 2016.
- Best Bank in Personal Finance in Saudi Arabia (February) from The Banker Middle East
- The best bank in the Islamic card in the Kingdom of Saudi Arabia (March) from The Banker Middle East
- Best Bank for Money Management in Saudi Arabia (April) by The Banker Middle East
- The best bank providing excellent customer service in the Kingdom of Saudi Arabia (May) from The Banker Middle East
- Recognition Award for Outstanding Quality and Accuracy - for the period from 1997 to 2015, JPMorgan Bank
- Appreciation Award for Outstanding Quality and Accuracy - for the period 2009-2015 JPMorgan Bank
- Institute of Public Administration Award as the best civil institution that employs graduates from the Institute for the year 2016