Founded in 1978, SAB is one of Saudi Arabia’s leading commercial banks. In 2019, it merged with Alawwal Bank, and in April 2023, it changed its name to Saudi Awwal Bank. It operates through a network of 100 branches with total assets of $121.2 billion as of December 2025. In 2025, SAB reported a net profit of $2.3 billion, and issued two green-labelled bonds totalling $1.9 billion.