The Bank operates over 105 branches across the Kingdom of Saudi Arabia, as well 7 sales centres and over 152 remittance centres operated by our subsidiary Enjaz. The Bank provides Sharia- compliant services to personal, corporate and SME clients, supporting the latter through spe- cialized centres in a number of cities throughout the Kingdom.
It is headquartered in Riyadh,
Kingdom of Saudi Arabia, and listed (ALbILAD) on Tadawul, the Saudi Stock Exchange.
Our History
Established in 2004, Bank Albilad was the Kingdom’s 11th bank.
The original shareholders to invest in the Bank were 8 of the country’s leading money exchangers: Mohammad & Abdullah AlSubaiei Exchange Co., Heirs of Abdulaziz bin Sulaiman AlMugairin, AlRajhi Trading Exchange Est., AlRajhi Trading Est., Mohammad Salih Sayra¬ Est., Abdulmohsen AlOmari Est., Yousef Abdulwahab Numatallah Co., and Ali Hazaa’ & Partners for Trading & Exchange.
These shareholders contributed SAR 1.5 billion towards Bank Albilad, while the public also paid SAR 1.5 billion. The shareholders’ experience and expertise have proven extremely beneficial for the Bank’s progress.
Since listing, it has expanded substantially through deposits, ¬financing, and remittances. The Bank owns Albilad Investment Company (Albilad Capital), which carries out investment and asset management activities, in addition to Albilad Real Estate Company, which carries out registration procedures related to real estate guarantees obtained by the Bank from its customers, in addition to Enjaz Payment Services Company, which operates the payments activity, and the bank is a major shareholder in a number of joint stock companies.
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Awards & Honors
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