Sector: Banks & Financial Services
Date of Establishment: 2021
Group CEO and Managing Director: Saeed Alghamdi
Market Value: $67.8 billion
SNB was formed on April 1, 2021, by the merger of the National Commercial Bank, which was Saudi’s biggest bank in terms of assets, and the Samba Financial Group, which evolved from Citibank. It is now the largest commercial bank in Saudi and the most valuable bank in the Middle East in terms of market cap. It also owns both NCB Capital and Samba Capital & Investment Management, which together form the biggest asset manager, brokerage, and investment bank in Saudi Arabia.