Foreign Banks
There are 23 foreign licensed banks in Saudi Arabia as of October 2024, which are: [1] [4]
In Saudi Arabia, a total of 37 banks are currently licensed by the Saudi Central Bank (SAMA): [1] [2] 11 local banks, [2] 23 branches of foreign banks, and 3 digital banks. [1]
There are 11 local licensed banks in Saudi Arabia: [2]
| Bank name (English) | Bank name (Arabic) | Headquarters | Founded | Stock code [3] |
|---|---|---|---|---|
| Saudi National Bank (SNB) | البنك الأهلي السعودي | Riyadh | 1953 | 1180 |
| Saudi Awwal Bank (SAB) | البنك السعودي الأول (ساب) | Riyadh | 1978 | 1060 |
| The Saudi Investment Bank (SAIB) | البنك السعودي للاستثمار | Riyadh | 1976 | 1030 |
| Alinma Bank | مصرف الإنماء | Riyadh | 2006 | 1150 |
| Banque Saudi Fransi (BSF) | البنك السعودي الفرنسي | Riyadh | 1977 | 1050 |
| Riyad Bank | بنك الرياض | Riyadh | 1957 | 1010 |
| Al-Rajhi Bank | مصرف الراجحي | Riyadh | 1957 | 1120 |
| Arab National Bank (ANB) | البنك العربي الوطني | Riyadh | 1979 | 1080 |
| Bank AlBilad | بنك البلاد | Riyadh | 2004 | 1140 |
| Bank Aljazira | بنك الجزيرة | Jeddah | 1975 | 1020 |
| Gulf International Bank | بنك الخليج الدولي | Khobar | 2017 | |
There are 23 foreign licensed banks in Saudi Arabia as of October 2024, which are: [1] [4]
There are 3 licensed digital banks in Saudi Arabia as of October 2024, which are: [5]
Saudi Arabia is the fourth largest state in the Arab world, with a reported population of 36,408,818 as of 2022. 41.6% of inhabitants are immigrants. Saudi Arabia has experienced a population explosion in the last 40 years, and continues to grow at a rate of 1.62% per year.
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
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