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National Commercial Bank (NCB) or Al-Ahli Bank is the largest financial institution in Saudi Arabia and the biggest bank in terms of capital in the Arab world. The company provides a comprehensive range of financial products and services including retail, corporate, investment and Islamic banking as well as mobile, phone and online banking. NCB was established by royal decree in 1953 and was converted to a joint stock company in 1997. It was the first bank established in Saudi Arabia and today it is the largest bank in the country with 3,200 ATMs and more than 370 branches including 109 ladies section. Some of its branches are dedicated exclusively to Islamic banking services. The company also has overseas branch in Bahrain. In 2016, NCB closed branches in Beirut, Lebanon. National Commercial Bank named Best Bank in Saudi Arabia by Euromoney and The Banker (2016). As March 31, 2017, the company had SAR 448.717 billion (US$121 billion) in total assets.
Some Facts:
• Total assets – SAR 448.717 billion (03/2017)
• Customer deposits – SAR 313.646 billion (03/2017)
• Paid-up capital – SAR 20.0 billion (03/2017)
• Shareholders equity – SAR 61.862 billion (03/2017)
• Customers – over 5.0 million
• Employees – 8,035
Significant subsidiaries:
NCB Capital Company
NCB Capital Dubai Inc
Türkiye Finans Katılım Bankası A.S.
Real Estate Development Company (REDCO)
Alahli Insurance Service Marketing Company
NCBC Investment Management Umbrella Company
Eastgate MENA Direct Equity L.P
Saudi NCB Markets Limited
AlAhli Esnad Company
Major Shareholders (July 2017):
Public Investment Fund - 44.29%
Public Pension Agency - 10.04%
The General Org.for Social insurance - 10%
Headquarters address:
King Abdul Aziz Street
P.O. Box 3555
Jeddah 21481, Saudi Arabia
Phone (Customer Service): +966 9 2000 1000
Website: www.alahli.com
Bahrain Branch:
Diplomat Tower Block 317 Floor 1
315 Road 1705 Diplomatic Area
Manama, Bahrain