Saudi National Bank

What Saudi National Bank does

Saudi National Bank (SNB), originally established as National Commercial Bank in 1953 under Royal Decree and rebranded in 2021, is Saudi Arabia's largest bank by assets and operates as a Saudi Joint Stock Company with paid-up capital of SAR 60 billion (~USD 16 billion), listed on Tadawul under ticker 1180. Headquartered on King Fahd Road in Riyadh, SNB runs over 450 branches and the largest ATM network in the Kingdom, supported by a workforce of 10,000+ employees. All products and services are structured in accordance with Islamic Shariah principles and supervised by SAMA.

SNB operates across four primary segments: Personal Banking (current and savings accounts, Sharia-compliant credit cards, personal/residential/lease finance, Elite Program, and digital banking through AlAhli Online, SNB Mobile, SNB Token, Apple Pay, and Samsung Pay); Business Banking (cash management, POS merchant financing, trade finance, Kafala-backed SME financing, payroll); Corporate Banking (Ijara, Musharaka, Tawurruq, project finance, syndications, supply chain finance, and treasury services); and Wealth/Investment Banking via the SNB Capital subsidiary, the SNB UAE and SNB Singapore regional subsidiaries, and the Private Banking/Elite franchise.

The bank's revenue model is anchored in net interest income from spread-based Islamic financing products (Murabaha, Ijara, Musharaka), supplemented by fee and commission income (trade finance, cash management, brokerage via AlAhli Tadawul and SNB Capital), investment banking fees, and one-off capital markets issuance such as sukuk. Customer acquisition runs through an enterprise field-sales motion targeting corporates and HNW clients alongside an omni-channel self-serve model for retail and SME segments. SNB monetizes scale through large-scale corporate syndicates (e.g., SAR 16 billion Saudi Electricity, SAR 12 billion KAFD DMC) and a growing digital payments and lifestyle ecosystem via strategic partnerships with Checkout.com and Almosafer.

Name

Saudi National Bank

Legal name

The Saudi National Bank

Website

https://www.alahli.com

Company type

Public

Founded year

1953

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Saudi National Bank is Saudi Arabia's largest bank by assets, providing Sharia-compliant retail, SME, corporate, and investment banking services through 450+ branches, digital platforms, and regional subsidiaries (SNB Capital, SNB UAE, SNB Singapore).

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Retail banking services
• Corporate banking solutions
• Islamic finance products
• Wealth management services
• Digital banking platforms

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from loans and financing products minus interest paid on deposits. The bank provides personal finance, home finance (murabaha), lease finance, and corporate financing, generating spread income.
2. Fee and Commission Income: Fees from banking services including account management, transactions, trade finance, cash management, and brokerage services through SNB Capital.
3. Investment Banking: SNB Capital provides investment banking services including IPO participation, capital markets activities, and asset management.
4. Sukuk and Debt Issuance: Capital raising through sukuk (Islamic bonds) issuance, such as the SAR 1.73 billion additional Tier 1 sukuk issue with 6% fixed return.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels5 records

Core offering

Saudi National Bank (SNB) is Saudi Arabia's largest bank by assets, providing Sharia-compliant banking services across five segments: Personal Banking (accounts, credit cards, personal/home/lease finance), Business Banking (cash management, trade finance, SME financing), Corporate Banking (structured Islamic finance, project finance, syndications), Treasury and Global Markets, and Wealth Management through Private Banking and SNB Capital investment banking. The bank distributes these offerings through over 450 branches, the largest ATM network in Saudi Arabia, and digital channels including AlAhli Online and the SNB Mobile app.

Product overview

Saudi National Bank operates as a diversified financial services institution offering a comprehensive portfolio of Islamic-compliant banking products and services. The bank's offerings are organized across five primary segments: Personal Banking (retail accounts, credit cards, personal and residential finance, lease finance, and digital banking platforms including AlAhli Online and SNB Mobile); Business Banking (commercial accounts, cash management, trade finance, SME financing through Kafala Program, and POS merchant services); Corporate Banking (structured Islamic finance solutions including Ijara, Musharaka, Project Finance, Tawurruq, syndications, and supply chain finance); Treasury and Global Markets (foreign exchange, money markets, and Sharia-compliant treasury products); and Wealth Management through Private Banking and SNB Capital investment banking subsidiary. The digital banking infrastructure includes online, mobile, and phone banking channels with security features such as SNB Token authentication and mobile wallet integrations with Apple Pay and Samsung Pay. The bank also provides a loyalty ecosystem including the Elite Program for affluent customers and LAK Rewards for credit card holders.

Differentiator

Problem solved

Functional benefit

Brands

• SNB Capital: Investment banking arm of SNB providing capital markets, asset management, and corporate finance services
• SNB UAE
• SNB Singapore
• AlAhli Online
• AlAhli Tadawul
• AlAhlieCorp
• SNB SME App
• SNB UAE Online

Products and services

• SNB Credit Cards Portfolio of Sharia-compliant credit cards including Titanium, Platinum, Cashback, Prepaid, Alfursan, LAK Rewards, Flexi, and UEFA Champions League co-branded options for personal and corporate customers.
• Personal Finance Sharia-compliant personal financing products for individuals including new finance, top-up finance, finance for expats, retiree finance, short-term finance, dual income finance, and investment account finance.
• Residential Finance (Home Finance) Sharia-compliant home financing products including Murabaha-based residential finance, 2-in-1 programs, developer offers, and Madoum residential finance under Saudi Vision 2030 initiatives.
• Lease Finance (Car Finance) Vehicle leasing and financing solutions including AlAhli Lease Finance, 50/50 Lease Finance, Pre-Owned Lease Finance, Electric and Hybrid Lease Finance, Wessam Lease Finance, and Fleet Leasing.
• Accounts and Deposits Personal banking deposit accounts including Current Account, Saving Account, Gold Account, Wessam Banking accounts, and Safe Deposit Box services for individual customers.
• Corporate Banking Finance Solutions Islamic finance solutions for corporate clients including Ijara (lease-based), Musharaka (partnership), Project Finance, Structured Finance Solutions, Syndications and Placements, and Tawurruq (commodity Murabaha).
• Business Banking Finance Solutions Business financing products for SMEs including Kafala Program (SME credit guarantee), POS Merchant Financing, and Fleet Leasing for business vehicles.
• Trade Finance International and domestic trade services including Documentary Collection, Export and Import Letters of Credit, Letters of Guarantee, and LC for SDIF Clients for business and corporate clients.
• Cash Management Business cash management services including Direct Debit, POS services, Escrow Account Management, SNB Payroll Service, ePay electronic payments, and Point of Sales terminals.
• SNB Investments Investment and brokerage services including IPO and Capital Increase subscriptions, International Brokerage, Khayrat AlAhli (charitable donations), and Local Brokerage through AlAhli Tadawul.
• Private Banking Wealth management services for high-net-worth individuals including exclusive benefits, concierge services, tailored investment solutions, and the Elite Program.
• SNB Capital Investment banking arm of Saudi National Bank providing capital markets, advisory, asset management, and syndicated loan services.
• Supply Chain Finance Supply chain financing solutions enabling reverse factoring to optimize working capital for corporate clients.
• Treasury and Global Markets Foreign currency exchange, money markets operations, and Sharia-compliant treasury products for corporate and institutional clients.
• Elite Program Premium banking loyalty program offering exclusive benefits, preferential rates, and priority services for elite and affluent customers.
• Flexi Credit Card Credit card allowing customers to split purchases into 4 installments with 0% annual percentage rate.

Quantifiable outcome

• Q3 2025 net profit increased 20% year-over-year, exceeding analyst expectations
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• CheckoutcoreStrategic or Co-development Partner · 24 June 2026SNB and Checkout announced a strategic partnership to boost digital payments and enable e-commerce growth in the Kingdom. The partnership aims to enhance payment infrastructure and provide merchants and consumers with advanced digital payment solutions.
• AlmosafercoreGTM or Marketing Partner · 18 May 2026SNB and Almosafer signed a strategic partnership to elevate the travel experience for bank clients. The partnership provides SNB customers with exclusive travel benefits and booking advantages through Almosafer's platform.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Al Rajhi Bank: Al Rajhi is Saudi Arabia's largest Islamic bank by market cap and SNB's closest competitor in retail, corporate, and Sharia-compliant financing. Both serve individuals, SMEs, and corporates across the Kingdom with similar Murabaha/Ijara product suites and Vision 2030 project exposure.
• Riyad Bank: Riyad Bank is one of Saudi Arabia's largest conventional and Islamic banking players, offering retail, corporate, and investment banking services. It directly competes with SNB in syndicated project finance, corporate lending, and retail digital banking.
• Saudi British Bank (SABB): SABB is a major Saudi bank offering retail, corporate, and treasury services, with significant HSBC lineage. It competes head-to-head with SNB in corporate banking, trade finance, and project finance for Saudi mega-projects.
• Banque Saudi Fransi: Banque Saudi Fransi is a major Saudi commercial bank with strong corporate and investment banking franchises, competing with SNB in syndicated lending, treasury, and capital markets via its BSFR Capital arm.
• Arab National Bank (ANB): Arab National Bank is a mid-to-large Saudi bank serving retail, SME, and corporate segments with comparable Islamic and conventional product offerings. It overlaps with SNB in retail lending and mid-market corporate banking.
• Alinma Bank: Alinma Bank is a fast-growing Saudi Islamic bank offering retail, corporate, and treasury services fully compliant with Sharia. It directly competes with SNB in Islamic retail finance, Murabaha-based corporate lending, and digital banking.
• Bank AlBilad: Bank AlBilad is a Saudi Islamic bank with strong retail and SME digital banking capabilities. It competes with SNB in Sharia-compliant personal finance, Murabaha home financing, and digital onboarding.
• National Commercial Bank (legacy/pre-merger): Legacy NCB is the predecessor entity now rebranded as SNB post the Samba Financial Group merger. Historical NCB-Samba combination creates the largest Saudi balance sheet, providing direct like-for-like historical comparability for SNB's evolution.

Broad incumbents

• Kuwait Finance House (KFH): KFH is a major GCC Islamic bank with significant Saudi operations through KFH Capital, competing with SNB in Sharia-compliant corporate finance, sukuk issuance, and investment banking across the region.

Regional players

• Emirates NBD: Emirates NBD is a leading UAE-based regional bank offering retail, corporate, and Islamic banking services (via Emirates Islamic). Comparable to SNB in scale, product breadth, and GCC ambitions, though primarily UAE-focused rather than Saudi.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/snbalahli
• YouTubeyoutube.com/snbalahli
• Facebookfacebook.com/SNBAlAhli
• LinkedInlinkedin.com/company/snbalahli
• Instagraminstagram.com/snbalahli/?hl=en
• TikToktiktok.com/@snbalahli?_t=8efTbQMqRQG&_r=1

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments42 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi National Bank