Bank Albilad is a Saudi joint stock company, established by Royal Decree in 1425H
1425H
(corresponding to 2004) with a current corporate capital of 12,500,000,000. It is headquartered in Riyadh, Kingdom of Saudi Arabia, and listed (ALBILAD) on Tadawul, the Saudi Stock Exchange.
The Bank
operates by 107 branches across the Kingdom of Saudi Arabia, The Bank provides Sharia-compliant services to personal, corporate, and SME clients, supporting the latter through specialized centers in a number of cities throughout the Kingdom.
The Bank operates by
107
branches
across the Kingdom of Saudi Arabia
Capital of
12.5
billion
The Bank provides Sharia-compliant services to personal, corporate, and SME clients.
Shareholders contributed
18.5billion
towards Bank Albilad
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 AlSubeaei 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.
Established in 2004, Bank Albilad was the Kingdom’s 11th bank.
These shareholders contributed 1.5 billion towards Bank Albilad, while the public also paid 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.
Bank Albilad owns Albilad Investment Company, which undertakes investment and asset management activities. It also owns Albilad Real Estate Company Ltd, which provides real estate-related services for customers. In addition to Enjaz Payment Services Company, which is fully licensed by the Saudi Central Bank as a Major Electronic Money Institution.
12.5
18.5billion
