The Saudi National Bank

Saudi Stock Exchange 1180.SR

The Saudi National Bank Shareholders' Equity for the year ending December 31, 2023: USD 46.84 B

The Saudi National Bank Shareholders' Equity is USD 46.84 B for the year ending December 31, 2023, a 6.22% change year over year. Shareholders' equity are the residual interest in the assets of a company after deducting liabilities, representing the shareholders' ownership claim.
  • The Saudi National Bank Shareholders' Equity for the year ending December 31, 2022 was USD 44.10 B, a 2.21% change year over year.
  • The Saudi National Bank Shareholders' Equity for the year ending December 31, 2021 was USD 43.14 B, a 104.13% change year over year.
  • The Saudi National Bank Shareholders' Equity for the year ending December 31, 2020 was USD 21.13 B, a 15.26% change year over year.
  • The Saudi National Bank Shareholders' Equity for the year ending December 31, 2019 was USD 18.34 B, a 6.41% change year over year.
Key data
Date Shareholders' Equity Minority Interest Total Equity Total Stockholders Equity and Liabilities
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Saudi Stock Exchange: 1180.SR

The Saudi National Bank

CEO Mr. Tareq Abdulrahman Al-Sadhan
IPO Date Nov. 12, 2014
Location Saudi Arabia
Headquarters The Saudi National Bank Tower
Employees 16,084
Sector Finance
Industries
Description

The Saudi National Bank provides various banking products and services in Saudi Arabia. The company operates through four segments: Retail, Wholesale, Capital Market, and International. The Retail segment provides banking services, including lending and current accounts, as well as products in compliance with Shariah rules to individuals and private banking customers. The Wholesale segment offers various conventional credit-related products and financing products to small sized businesses, medium and large establishments, and companies, as well as various treasury and correspondent banking products and services comprising money market and foreign exchange; carries out investment and trading activities; and manages liquidity, market, and credit risks related to investments. The Capital Market segment offers wealth management, asset management, investment banking, and shares brokerage services. The International segment provides banking services outside Saudi Arabia. It also distributes and markets Islamic insurance products; operates as a private equity and hedge fund; issues bonds; invests in and manages real estate development projects; engages in trading in derivatives and repos/reverse repos activities; and provides recruitment and trade finance services. In addition, the company offers debit and credit cards; online and mobile banking services; safe deposit boxes; and cash management and currency exchange services. It operates through 506 branches, 12 retail service centers, 7 corporate service centers, and 130 QuickPay remittance centers in Saudi Arabia, as well as four overseas branches in the Kingdom of Bahrain, the United Arab Emirates, Qatar, and the Republic of Singapore. The company was formerly known as The National Commercial Bank and changed its name to The Saudi National Bank in April 2021. The Saudi National Bank was founded in 1953 and is headquartered in Riyadh, Saudi Arabia.

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StockViz Staff

January 15, 2025

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