National Commercial Bank
| National Commercial Bank
|
|
|---|---|
 |
|
| legal form | |
| founding | 1953 |
| Seat |
Jeddah , Saudi Arabia
|
| management | Abdullah Bahamdan |
| Number of employees | 4,744 (2005) |
| Branch | Banks |
| Website | www.alahli.com.sa |
The National Commercial Bank ( NCB , also known as AlAhli Bank ; Arabic البنك الأهلي التجاري, DMG al-Bank al-ahlī at-tiǧārī ) is the first bank in Saudi Arabia and - in terms of the assets it manages - the largest bank in the Arab world . She is also a pioneer in the international development of Islamic banking .
history
The National Commercial Bank was founded on December 26, 1953 by the then Saudi king and state founder Abd al-Aziz ibn Saud . On July 1, 1997, it was converted into a public limited company. Since 1999, the Saudi Arabian government has held a majority in the bank through the Ministry of Finance. At the end of 2010 there were 284 branches and 2.3 million customers. Of the approximately 5,500 employees, almost 90% were Saudis.
Business activity
The paid-up share capital is 4 billion US dollars. At the end of 2011, the company's share capital was listed at $ 9.111 billion and a profit of 18.4% was calculated.
Structure and holdings
The state of Saudi Arabia holds a stake of around 80% in the bank. NCB has a 64.68% stake in Turkiye Finans Katilim Bankasti (TFKB), the leading Islamic bank in Turkey.
Individual evidence
- ↑ Financial Times Europe, January 14, 2008