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In
November 2016, Saudi Hollandi Bank changed its name to Alawwal Bank as part of a new corporate identity that will be rolled out over the next three months, according to a statement. Alawwal, meaning “The First” in Arabic, which refers to the bank’s status as the first bank to launch in the country
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At the end of June 2010, the bank's paid-up capital amounted to SAR 3,307 million. Saudi
Hollandi Bank employs 1,417 staff with a Saudization ratio of over 87.44% and operates 43 branches, 15 Ladies Sections, 30 Preferred Banking Centres and 246 ATMs providing banking services throughout the Kingdom.
452:
In 2009, the bank opened its new operations center Al Waha, which houses the bank's centralised operations functions as well as the SHB Academy. Also in 2009, SHB was the first bank in the
Kingdom to deploy the automated Teller Cash Recycling machines (TCR), which was introduced to enhance the Open
635:
Saudi
Hollandi Bank has over 265 ATMs, 6 Business Banking Centres, 30 Preferred Banking Centres and 45 branches across the kingdom, in which 16 are women-only sections. Amongst Saudi Hollandi’s ATMs are Teller Cash Recycling machines (TCR). Preferred Banking Centers are for Saudi Hollandi’s VIP
179:
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SHB is organized into three main business segments: Corporate
Banking, Personal Banking and Treasury. In addition, the Bank provides brokerage, asset management and investment banking services through its subsidiary Saudi Hollandi Capital.
407:, and operated out of one office in Jeddah. As it was the only bank in the Kingdom at the time, it acted as the central bank, keeping the Kingdom's gold reserves and receiving oil revenues on behalf of the
617:
Saudi
Hollandi Capital: engages as principle and agent in retail equity brokerage, asset management, corporate finance and investment advisory activity, debt arrangement and securities custody services
446:(SAMA) and became the model for other foreign banks in the Kingdom. In 1977, the Saudi Hollandi Bank was established as a joint-venture company with a paid-up capital of SAR 35 million.
487:
are about to become one with a merger proposal from both sides in order to create Saudi Arabia's third largest bank. On 16 June 2019, the merger was legally completed.
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Saudi
Hollandi Real Estate Company: entirely owned in support of SHB’s Home Finance by being involved in the registration of real estate title deeds
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Saudi
Hollandi Insurance Agency Company: entirely owned as its bancassurance distribution arm with licensed in insurance activities.
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The integration was planned to completely took place in about 18 months, which will result in retention of the brand name "
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In June 2011, Saudi
Hollandi Bank Launched The First MasterCard World Credit Card With A Silver Mark in the Middle East.
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In 1954 the
Netherlands Trading Society expanded its operations in the Kingdom by opening two additional branches, in
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The branch network was expanded to include Riyadh, Jubail, Makkah, Hofuf, Madinah, Qatif and other regions.
367:. It was the first operating bank in the Kingdom of Saudi Arabia and was founded in 1926 as a branch of the
807:"Saudi Hollandi Bank Launches The First MasterCard World Credit Card With A Silver Mark in the Middle East"
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Branch concept that allows direct contact between the bank's employees and its customers.
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Wataniya Insurance Company: with 20% ownership for Saudi Hollandi Bank
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993:"SABB, Alawwal Complete Merger Creating Third-Largest Saudi Bank"
941:"SABB, Alawwal Complete Merger Creating Third-Largest Saudi Bank"
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On 14 March 2021, Alawwal was fully integrated in to SABB.
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885:"Lubna Al-Olayan to chair merged SABB and Alawwal bank"
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833:"Saudi Hollandi Bank changes name to "Alawwal Bank""
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535:. Unsourced material may be challenged and removed.
49:. Unsourced material may be challenged and removed.
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374:On 14 March 2021, Alawwal was fully merged with
859:"Saudi Hollandi changes name to 'Alawwal Bank'"
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255:Khalid Bin Abdullah Al-Mulhem (Vice Chairman)
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911:"Important update on our merger with SABB"
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595:Learn how and when to remove this message
109:Learn how and when to remove this message
483:reported that the Alawwal Bank and the
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473:Merger with Saudi British Bank (2019)
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612:Principal divisions and subsidiaries
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270:Corporate and institutional banking
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258:David Dew (Managing Director)
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1091:2019 mergers and acquisitions
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676:List of banks in Saudi Arabia
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444:Saudi Arabian Monetary Agency
391:It began as a branch of the
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1071:Companies listed on Tadawul
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430:, in the Eastern Province.
393:Netherlands Trading Society
369:Netherlands Trading Society
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723:"Alawwal Bank (merged)"
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299:$ 28 billion (May 2017)
355:, was a Saudi Arabian
1076:Banks of Saudi Arabia
395:in 1926 to serve the
529:improve this article
43:improve this article
921:on 11 February 2021
654:Saudi Arabia portal
464:Alawwal Bank (2016)
353:Saudi Hollandi Bank
305:Number of employees
153:Saudi Hollandi Bank
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865:. 27 November 2016
839:. 24 November 2016
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477:On 4 October 2018
286:insurance services
278:investment banking
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973:. 16 June 2019
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947:. 17 June 2019
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750:"Alawwal Bank"
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518:This article
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16:Saudi company
1025:. Retrieved
1022:The National
1021:
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1000:. Retrieved
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975:. Retrieved
971:The National
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949:. Retrieved
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919:the original
915:Alawwal Bank
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841:. Retrieved
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788:. 2021-03-14
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699:
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668:Banks portal
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527:Please help
522:verification
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365:Saudi Arabia
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321:.alawwalbank
294:Total assets
250:Lubna Olayan
235:Saudi Arabia
227:Headquarters
219:Merged with
158:Company type
122:Alawwal Bank
105:
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41:Please help
36:verification
33:
413:Saudi Riyal
349:البنك الأول
309:2600 (2017)
143:البنك الأول
137:Native name
1055:Categories
792:2021-03-30
682:References
555:newspapers
501:Operations
252:(Chairman)
242:Key people
99:March 2011
69:newspapers
895:4 October
889:Arab News
863:Arab News
817:25 August
786:Arab News
755:Bloomberg
636:clients.
585:June 2023
480:Arab News
469:in 1926.
438:In 1969,
405:Indonesia
399:from the
359:based in
170:Traded as
1081:ABN AMRO
640:See also
494:" only.
440:ABN Bank
266:Products
186:Industry
150:Formerly
1027:17 July
1002:17 July
977:5 April
951:5 April
925:5 April
869:4 April
843:4 April
837:Reuters
761:5 April
734:5 April
707:5 April
569:scholar
382:History
314:Website
201: (
196:Founded
190:Finance
178::
176:Tadawul
83:scholar
813:. 2011
701:Forbes
571:
564:
557:
550:
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428:Dammam
424:Khobar
403:, now
361:Riyadh
345:Arabic
231:Riyadh
209:Jeddah
162:Public
85:
78:
71:
64:
56:
811:Zawya
728:Zawya
576:JSTOR
562:books
90:JSTOR
76:books
1029:2020
1004:2020
979:2020
953:2020
927:2020
897:2018
871:2020
845:2020
819:2011
763:2020
736:2020
709:2020
548:news
426:and
376:SABB
357:bank
339:The
323:.com
216:Fate
203:1926
199:1926
180:1040
62:news
531:by
319:www
207:in
45:by
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