The National Commercial Bank is one of the oldest Saudi banks, and one of the most prominent financial institutions in the region and is considered the first Saudi bank to originate as it started its activity according to the Royal Royal Order on the 20 of Rabi` Al-Thani 1373 AH corresponding to December 26, 1953 AD as a public partnership as a result of the merging of the largest currency banks in the Kingdom, namely, “Saleh and Abdul Aziz Company Kaaki ”and“ Salem Bin Mahfouz Company ”to be, after their merger, the first legally registered Saudi bank.
In 1979 the National Bank issued the first investment fund in the Kingdom of Saudi Arabia. Since then he has participated in a series of first-of-its-kind businesses in a pioneering banking boom in the Kingdom, and is committed to the provisions of Islamic Sharia in all of his dealings and services. To assure the leadership position, the bank presented many innovations related to real estate finance and auto financing, leading the way in the leadership process towards developing many financing services. In addition to being the first bank to issue credit cards, the first to introduce ATMs, the first to establish savings programs for students and the first bank to allocate branches for women.
In 1997, the National Bank became a joint stock company, and in 1999 the Saudi government entered into a public investment fund, contributing a majority of the bank’s ownership. The rest of the shares were divided between the General Organization for Social Insurance and a number of Saudi investors.
In 2014, 25% of the National Bank’s shares were offered for public subscription, indicating the start of a new era that the bank shares its results with investors through expansion operations in various sectors.
Within the scope of leadership, the bank was one of the first Saudi companies to implement the principle of institutional government, and it is considered the first bank in the Kingdom to obtain an international accreditation certificate in business continuity in addition to its leadership in the field of social responsibility, where many new programs were launched that included job opportunities programs, Support, and charitable facilities
Al-Ahli Bank is the largest in the Arab world, with a capital of 30 billion riyals, equivalent to 8 billion US dollars, and it has direct ownership of 90.71% of the shares of Al-Ahli Financial Company, the leading investment banking company. It also owns 67.03% in the Bank of Turkey Finance Kıtılim Bankisi Bank. The pioneer in the Islamic banking sector in Turkey.