The best Saudi banks They are undoubtedly the banks that provide pioneering services and features to their customers in terms of speed in performance and response to any request or inquiry and achieve high revenues and profits. Accordingly, we find many people looking for the best bank in Saudi Arabia, which fulfills their banking transactions with ease and credibility, including opening a bank account, savings, deposits, loans, and so on. Whether for Saudi citizens residing within the territory of the Kingdom of Saudi Arabia and Saudi Arabia, or expatriates outside its borders. In the context of this important topic, we have prepared, through the lines of this article, a list of the best local, foreign, Islamic and other Saudi banks, and other classifications that include the preferred banks over others.
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The best Saudi banks
The best Saudi banks in terms of services and customer demand for dealing with them are included in the following list:
- Saudi Riyad Bank: To view the bank’s services, click on the link riyadbank.com.
- Al-Rajhi Bank in Saudi Arabia: To access the bank’s official website, click alrajhibank.com.
- Banque Saudi Fransi: You can visit the bank’s website by following the link alfransi.com.
- National Commercial Bank of Saudi Arabia: For more details about the bank, click on the link alahli.com.
- The Saudi Arabian British Bank (SABB): To visit the official website of the bank, you can follow the link sabb.com.
- Saudi Samba Financial Group: You can view the bank’s services from the link samba.com.
- Saudi Development Bank: The bank’s official page can be accessed from the link alinma.com.
- Saudi Arabian National Bank: To visit the official website of the bank, click on the link anb.com.
- The Saudi Investment Bank: To access the bank’s website, click on the link saib.com.
- First Bank in Saudi Arabia: For more information about the bank, you can follow the link from alawwalinvest.com.
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Ranking of the best Saudi banks
The best Saudi banks were arranged according to the total assets and services available through them, from the first to the tenth place, as follows:
- Saudi National Commercial Bank.
- Al Rajhi Bank.
- Samba Financial Group.
- Riyad Bank.
- Banque Saudi Fransi.
- The Saudi Arabian British Bank (SABB Bank).
- Saudi Arabian National Bank.
- Saudi Development Bank.
- The first bank in Saudi Arabia.
- The Saudi Investment Bank.
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The National Commercial Bank of Saudi Arabia is one of the best Saudi banks
The National Commercial Bank is considered one of the best Saudi banks through the services it provides to its clients with accuracy and speed in performance. Its establishment dates back to the year 1959 at its main headquarters located in the city of Jeddah. It also ranked first among other banks in terms of its total assets amounting to 448,717 billion Saudi riyals. In addition to the increase in the number of its clients amounting to 5 million clients.
Saudi Al-Rajhi Bank
Al Rajhi Bank of Saudi Arabia was established in 1957 in the Saudi capital, Riyadh. It also expanded its reach and opened many branches in Malaysia, Kuwait, and Jordan. It ranked second as the best Saudi bank, according to its total assets, amounting to 337,230 billion Saudi riyals. It is worth mentioning that customer deposits amounted to 271,290 billion Saudi riyals.
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Saudi Samba Financial Group
Samba Financial Group was established in 1980, and it is one of the best Saudi banks, as it ranked third among other banks, especially with a total assets value of 231.9 billion Saudi riyals. Also, the value of its customers’ deposits amounted to more than 170.4 billion Saudi riyals. In addition to owning 28 branches, mainly in Dubai, Qatar, Pakistan, and most of the Arab Gulf countries.
Riyad Bank is one of the best Saudi banks
Riyad Bank ranked fourth in the list of the best Saudi banks in terms of total assets amounting to 216,323 billion Saudi riyals. The value of its customers’ deposits amounted to more than 154,187 billion Saudi riyals. Riyad Bank is one of the oldest banks in the Kingdom of Saudi Arabia, as it was established in 1957. It also has about 6,300 employees who constantly follow the requirements of customers and auditors.
Banque Saudi Fransi
Banque Saudi Fransi ranked fifth as the best Saudi bank, according to its total assets, amounting to 204.4 billion Saudi riyals. It also has a high value of customer deposits amounting to 158.5 billion Saudi riyals. For your information, the bank was established in 1977, and it now has nearly 3,000 employees.
The Saudi Arabian British Bank SABB Bank is one of the best Saudi banks
The Saudi Arabian British Bank (SABB Bank) ranked sixth in the list of the best Saudi banks, with total assets amounting to 182.5 billion Saudi riyals. The value of its customers’ deposits amounted to 138.5 billion Saudi riyals. The bank was established in 1978 and now has 3,200 employees. It also provides pioneering investment services, whether in Saudi Arabia or at its second branch in London.
Saudi Arabian National Bank
The Saudi Arabian National Bank ranked seventh as the best Saudi bank, with total assets of 168.427 billion Saudi riyals. It also included a good value of deposits, amounting to approximately 135.5 billion Saudi riyals. For your information, the bank was established in 1979, and it employs 4,400 employees in its five branches.
Alinma Bank is one of the best Saudi banks
The Saudi Alinma Bank was ranked eighth as the best Saudi bank, according to its total assets amounting to 105.256 billion Saudi riyals. In this regard, Al-Inma Bank is considered one of the modern banks, as it was opened in 2006. It began to practice its services as one of the Islamic banks that operate in accordance with the principles of Islamic Sharia without any interest in its banking transactions.
The first bank in Saudi Arabia
The First Saudi Bank ranked ninth among the rankings of the best Saudi banks in terms of its total assets amounting to 100,369 billion Saudi riyals and its customers’ deposits amounting to 80,297 billion Saudi riyals. It is worth noting that it was the first bank established in the Kingdom of Saudi Arabia in the year 1926. It provides its customers with the most important services that they need in their banking transactions quickly and honestly.
The Saudi Investment Bank
The Saudi Investment Bank ranked as the tenth best Saudi bank, according to its total assets, estimated at 97,546 billion Saudi riyals, and customer deposits amounting to 64.4 billion Saudi riyals. For your information, this bank was established in the year 1976 in the capital, Riyadh, and today it includes more than 1,600 employees, each with its own work to meet the demands of customers quickly.
The best Saudi Islamic banks
The best Saudi Islamic banks are represented by their compatibility with the principles of Islamic law based on halal Murabaha without any form of usury. The following are the most important of these banks:
- Islamic Development Bank: It is considered one of the best Islamic banks in the Kingdom of Saudi Arabia, as it was established in 1975 in the city of Jeddah, based on the statement issued by the finance ministers in Islamic countries. He is well known at the local and international level through his support for the economic and social causes of all Muslim peoples. Whether from Saudi citizens or citizens of other Islamic countries.
- the National Bank: Bank Albilad was established pursuant to the decree issued by the Milli Diwan in the year 2004 as one of the Saudi Islamic banks. With a capital of approximately 6 billion Saudi riyals. For your information, this bank offers many banking facilities that support social and humanitarian cases, based on everything that is compatible with Islamic principles.
- Riyad Bank: It is one of the Saudi Islamic banks, distinguished by its wide reputation within the banking and service sector among the rest of the Saudi banks. It also provides a lot of investment and service facilities to its clients without any form of usury.
- Al Rajhi Bank: It is considered one of the best leading Saudi Islamic banks in the field of banking transactions at the level of the Kingdom of Saudi Arabia, and in a number of Arab countries in which it has branches.
- Saudi Development Bank: It is one of the modern banks in Saudi Arabia and is classified among the Islamic banks that depend in its banking and investment dealings on the basis of Islamic Sharia. It started its banking activity in the year 2006 in the Saudi capital, Riyadh, in accordance with the Islamic Sharia rules and regulations.
The best foreign banks in Saudi Arabia
The Kingdom of Saudi Arabia attracts the best foreign banks, which we will list as follows:
- National Bank of Kuwait in Saudi Arabia.
- Qatar National Bank in Saudi Arabia.
- Bank Muscat in the Kingdom of Saudi Arabia.
- Bank of Bahrain in Saudi Arabia.
- Emirates NBD Bank in Saudi Arabia.
- Abu Dhabi Bank in Saudi Arabia.
- Deutsche Bank in Saudi Arabia.
- JPMorgan Chase Bank in Saudi Arabia.
- National Bank of Pakistan in Saudi Arabia.
- Bank M Yum Fg in Saudi Arabia.
- Iraqi Trade Bank in Saudi Arabia.
- Central Bank of India in Saudi Arabia.
- Industrial and Commercial Bank of Saudi Arabia.
- Credit Suisse Saudi Arabian Bank.
- BNP Paribas Bank in Saudi Arabia.
- Standard Chartered Bank in Saudi Arabia.
The best bank in Saudi Arabia for savings
The Arab National Bank is considered one of the best Saudi banks for savings, as it provides its customers with all the services and features that guarantee their financial rights. In addition to being distinguished by a set of positive advantages in the field of savings transactions, as follows:
- Customers can easily open savings accounts remotely via the bank’s website here.
- The Arab National Bank also performs all money withdrawal and deposit transactions in an easy and fast manner without any obstacles.
- The bank deals with all currencies, whether local or foreign, including US dollars, euros and others.
- The bank also provides customers with its own application for smart devices, which can be downloaded via the Internet. In order to follow all banking transactions from anywhere.
- In addition to the service of paying bills every month through the bank accounts of customers in the bank.
- It also allows its customers to open savings accounts for their children, if they wish.
The best bank in Saudi Arabia for trading
The National Commercial Bank ranked first in the ranking of the best Saudi banks specialized in trading services and products, especially its services provided via the Internet. Not only that, but the bank has gained wide reputation and high demand from customers due to its distinction in the following points:
- It provides commercial operations of buying and selling with ease and speed through its official website from here.
- It also works to provide trading applications for smart phones, which save time and effort for customers.
- He also informs his clients of all that is new in the world of prices and their permanent fluctuations.
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The best electronic bank in Saudi Arabia
The best Saudi electronic banks are characterized by their credibility and their endeavor to facilitate banking transactions for customers with speed and simplicity, the most important of which we mention the following:
- Secrell Online Electronic Services Bank.
- Online BackNetler for remote banking transactions.
- Paypal Bank for electronic banking services.
- Payoneer online bank.
The best Saudi banks for personal loans
The Saudi Arabian British Bank is one of the best Saudi banks that offer personal finance loans. As it seeks to meet the requirements of its clients and help them secure the money needed to complete their private and living projects. Accordingly, it offers several options of personal loans, including marriage loans, furniture installments, and travel loans, with somewhat reasonable interest.
The best bank in Saudi Arabia for salary transfer
The National Bank of Saudi Arabia was ranked first as the best Saudi bank that provides the advantage of transferring salaries to its beneficiaries. This is done by an electronic mechanism distinguished by its speed and high reliability. In addition, this mechanism is compatible with the WPS Payroll Protection System. Which contributes to the delivery of wages to employees directly and without any procedures.
Also read: The best bank that gives interest on deposits in Saudi Arabia
The best Saudi banks without salary transfer
The best Saudi banks that do not require salary transfer as collateral in order to provide personal loans are as follows:
- Saudi Al-Rajhi Bank.
- The Saudi Credit and Saving Bank.
- Saudi Riyad Bank.
- Saudi Finance Company.
At the conclusion of our article, this was the most important information about the best bank in Saudi Arabia The best Saudi banks. Through which we have included everything you are looking for, dear reader, from local, foreign and Islamic Saudi banks. We also reviewed the best banks for savings, salary transfer or without it, and electronic banks. Let us put it in your hands and leave you the freedom to choose according to your needs and banking transactions.
