Sector: Banks & Financial Services
Date of Establishment: 1975
CEO and Managing Director: Naif A. Al Abdulkareem
Market Value: $4.2 billion
Shariah-compliant Bank Aljazira provides personal banking, corporate banking, investment banking, private banking, money transfer, and treasury services. The bank currently operates 78 branches in Saudi Arabia. In late 2020, the bank announced the appointment of Naif Al Abdulkareem as CEO, who previously served on the boards of HSBC Saudi Arabia and SABB Takaful. The bank recorded profits of $9 million in 2020, a drop of 96.6% compared to 2019.