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| Samba office in Khobar |
Samba Financial Group (formerly Saudi American Bank) is one of the leading financial institutions in the Middle East and one of the most profitable retail banks in Saudi Arabia. Samba was established in 1980 with the takeover of Citibank branches in Jeddah and Riyadh, that were established in the Kingdom in 1955. After the merger with United Saudi Bank (USB) in 1999, it become one of the largest and most profitable banks in the Middle East with capital of SAR 6 billion and about 3,000 staff. The Bank currently boasts 72 branches, 25 ladies sections, over 500 ATMs and 30 speed cash centers within the Kingdom. It also has international branches in the UK, Qatar, Pakistan and Dubai. In 2010, Samba opened its first branch in Doha, becoming the first Saudi bank to establish a presence in the State of Qatar. Samba was also the first Saudi Bank to operate in Dubai (UAE) in 2008. Samba is listed on the Saudi Stock Exchange and is one of the largest listed financial services companies in Saudi Arabia. Samba Financial Group employs over 3,500 people and has SAR 231.9 billion in total assets, SAR 170.4 billion in customer deposits and SAR 124 billion in loans as of March 31, 2017. The market capitalization is SAR 49 billion (July 6, 2017).
Samba Group subsidiaries:
Samba Capital and Investment Management Company
Samba Bank Limited, Pakistan (SBL)
Co-Invest Offshore Capital Limited (COCL)
Samba Real Estate Company
Samba Global Markets Ltd
Headquarters address:
King Abdulaziz Road
Al Malaz District
Riyadh, 11421
Saudi Arabia
Phone number: +966 11 479 7400
Website: www.samba.com
Samba Bank Limited
Samba Bank Limited is a subsidiary of Samba Financial Group. The Bank is based in Karachi, Pakistan and was formerly known as Crescent Commercial Bank. Samba Financial Group holds about 84.5% stake in Samba Bank. With about 500 employees, it has a network of 37 branches and about 30 ATMs.