Sector: Banks & Financial Services
Date of Establishment: 2004
CEO: Abdulaziz Mohammed Alonaizan
Market Value: $7.5 billion
Bank Albilad offers Islamic Shariah-compliant banking services across Saudi Arabia. It provides investment products through Albilad Capital and international remittance services through Enjaz. In 2020, the bank achieved 11.2% growth in its total assets. In March 2021, Bank Albilad and five other Saudi-based banks signed Saudi’s largest ever financing deal in aviation, valued at around $3 billion. The bank also donated over $266,500 to the National Campaign for Philanthropy in April 2021.