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Sarasen Group have brokerage accounts in Al Ahli National Bank

Founding and Legal Structure:

The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest in the Saudi Arabia and a leading financial institution in the Region. The Bank initiated its business under the name of ‘‘The National Commercial Bank’’ following the Royal Decree on 20 Rabi Thani 1373H (26 December 1953). 

In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank. 

The National Commercial Bank owns 90.71% of NCB Capital, its investment arm the Premier Investment bank in the Kingdom, and owns 67.03​% of Türkiye Finans Katılım Bankası (TFKB), the leading participation bank in Turkey.​​

 

Financial Indicators:

NCB is one of the largest Bank in the Arab world. The Bank’s paid-up capital is SR 20,000 million (US$ 5,333 million)​

Total assets at year-end 2014 totaled SR 434,878 million (US$ 115,967 million)

Net profit for year 2014 totaled SR 8,655 million (US$ 2,308 million). 

Shareholders’ equity at year-end 2014 totaled SR 45,214 million (US$ 12,057 million) 

Return on average Shareholder’s equity for fiscal year 2014 amounted to 20.1%

Earning per share for year 2014 amounted to SR 4.34 (US$ 1.16)​​

Key Facts & Figures:

At year-end 2014, the Bank operated 342 branches throughout the Kingdom, dedicated exclusively to Islamic Banking services 

At year-end 2014, the Bank’s customers surpassed more than 4 million clients.

At year-end 2014, the Bank employees throughout the Kingdom reached a total manpower of 7,515, 94.5% of which are Saudis.

At year-end 2014, the Bank has operated 2,643 Automated Teller Machines throughout the Kingdom. 

Over 91% of customer transactions had been successfully executed through alternative delivery channels during year 2014.

NCB is considered from among the first Saudi companies that implemented the principle of Corporate Governance and the first bank in Saudi Arabia to receive International Certification on Business Continuity Management.

The Bank also maintained its leadership in corporate social responsibility. A number of new programs were launched to enhance NCB’s strategic partnerships and geographic coverage. Various initiatives included job opportunity programs that provided entrepreneurs with knowledge, support, and benevolent loans.​