Best Bank In Saudi Arabia

National commercial bank national commercial bank or alahli bank is the largest bank in saudi arabia by total assets and the second largest by market capitalization.

Best bank in saudi arabia. 13 local banks and 17 branches of foreign banks. Opening a bank account in saudi arabia one of the first and most important tasks for expats in saudi arabia is to get their bank accounts open and understand. However there are certain dos and don ts that every migrant needs to know about banking in saudi arabia. The best saudi arabia broker is etoro.

National commercial bank incorporated in 1953 national commercial bank also known as alahli bank is the largest of the banks in saudi arabia and is considered a pioneer in islamic banking. There are 13 local licensed banks in saudi arabia. Top 10 banks in saudi arabia. Alahli serves over 8 million customers through about 460 branches and 3 600 atms across the kingdom.

Currency in saudi arabia. It is also one of the largest islamic banks in the world. The health system in saudi arabia if you are planning to live and work in saudi arabia healthcare is definitely something to look into. As of march 31 2017 it had total assets of approximately us 18 billion and employed about 2 200 people.

Bank al jazira baj one of the leading financial institutions in saudi arabia. Currency of saudi arabia. Saudi riyal is the official currency of saudi arabia and is abbreviated as sr. Banque saudi fransi bsf a full service commercial bank headquartered in riyadh.

It offers innovative sharia compliant financial products and services. We consider etoro one of the best saudi arabia brokers because etoro is actively used by over 12000000 active traders. National licensed commercial banks in saudi market. In saudi arabia a total of 30 banks are currently licensed by the saudi arabian monetary authority sama.

As it is an islamic bank it is a full sharia compliant and it also offers the whole gamut of retail banking services. Overall banking in saudi arabia is easily accessible across the length and breadth of this vast kingdom. Etoro ia regulated by tier 1 financial regulators including financial conduct authority fca cyprus securities and exchange commission cysec. We will look at the top 10 banks in saudi arabia 1.

As of the first six months of 2019 the country is home to 2 062 bank branches. Alinma bank is one of the top banks in saudi arabia. In terms of total assets acquired this bank stands at 8 th the total assets acquired by alinma bank at the end of march 2017 were sar 105 256 billion. Riyadh has the most bank branches at 627 followed by the mecca makkah region at 436 and the eastern province 403 branches.

Headquartered in jeddah it employs 8 035 staff and serves more than 5 million customers through its 374 branches. Banks provide most basic services to expats and are willing to provide more on request.