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National Commercial Bank (Saudi Arabia)
Saudi National Bank (SNB), also known as SNB AlAhli ( ar, البنك الأهلي السعودي, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia. In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank. SNB Group The Saudi National Bank “SNB Group” “Arabic: البنك الأهلي السعودي” is a Saudi bank headquartered in Riyadh, the capital city of Saudi Arabia. The bank was founded in December 1953 under the name of the National Commercial Bank “NCB”. In 2021, SNB has emerged as a banking champion after completing one of the largest mergers in the region between the National Commercial Bank and Samba Financial Group. Currently, SNB has subsidiaries and affiliates operating in 8 countries around the world. The Saudi National Bank is overwhelmingly owned by the Saudi Government represented by the Public Investment Fund and the General Organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Vision 2030
Saudi Vision 2030 ( ar, رؤية السعودية ٢٠٣٠ ''ruʾyah al-suʿūdiyah'') is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. Key goals include reinforcing economic and investment activities, increasing non-oil international trade, and promoting a softer and more secular image of the Kingdom. It also consists of increasing government spending on the military, as well as manufacturing equipment and ammunition. The first details were announced on 25 April 2016 by Crown Prince Mohammed bin Salman. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". In 2021, ''The Guardian'' wrote despite Saudi Arabia's commitment to diversify its economy, the government was still 75 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1953
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabian Companies Established In 1953 , the ruling family of Saudi Arabia
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Saudi may refer to: * Saudi Arabia * Saudis, people from Saudi Arabia * Saudi culture, the culture of Saudi Arabia * House of Saud The House of Saud ( ar, آل سُعُود, ʾĀl Suʿūd ) is the ruling royal family of Saudi Arabia. It is composed of the descendants of Muhammad bin Saud, founder of the Emirate of Diriyah, known as the First Saudi state (1727–1818), and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Jeddah
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Of Saudi Arabia
Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's Planned economy, command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry. The country plans to reduce oil-based revenues to 42% by 2023. A considerable proportion of Saudi companies are owned by families, including the House of Saud, royal family. Public companies are listed on the Tadawul. For further information on the types of business entities in this country and their abbreviations, see "Types of business entity#Saudi Arabia, Business entities in Saudi Arabia". Largest firms This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2017. Only the top five firms (if available) are included as a sample. Notable firms This list includes notable company, companies with primary headquarters located in the country. The i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1953 Establishments In Saudi Arabia
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a Estonian government-in-exile, government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Socialist Federal Republic of Yugoslavia, Yugoslavia. ** The Central Intelligence Agency, CIA-sponsored Robertson Panel first meets to discuss the Unidentified flying object, UFO phenomenon. * January 15 – Georg Dertinger, foreign minister of East Germany, is arrested for spying. * January 19 – 71.1% of all television sets in the United States are tuned into ''I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record has yet to be broken. * January 20 – Dwight D. Eisenhower is First inauguration of Dwight D. Eisenhower, sworn in as the 34th President of the United States. * January 24 ** Mau Mau Upr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Saudi Arabia
In Saudi Arabia, a total of 31 banks are currently licensed by the Saudi Arabian Monetary Authority (SAMA): 11 local banks and 20 branches of foreign banks. National-Licensed commercial Banks in Saudi Market There are 11 local licensed banks in Saudi Arabia: List Foreign-Licensed Banks in Saudi Market There are 20 foreign licensed banks in Saudi Arabia including: *Emirates NBD *National Bank of Bahrain (NBB) * National Bank of Kuwait (NBK) *Bank Muscat *Deutsche Bank * BNP Paribas *J.P. Morgan Chase N.A *National Bank of Pakistan (NBP) * State Bank of India (SBI) Bank business stopped upon the bank request of license in 2017 * T.C.ZIRAAT BANKASI A.S. * Industrial and Commercial Bank of China (ICBC) * Qatar National Bank (QNB) * MUFG Bank, Ltd. * First Abu Dhabi Bank (FAB) * Trade bank of Iraq (Licensed - had not yet started ) * Standard Chartered Bank (Licensed - had not yet started ) * Credit Suisse (Licensed - had not yet started ) The full and updated list can be se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) ( ar, بنك أبوظبي الأول) is the largest bank in the United Arab Emirates. It was formed following a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD). FAB offers financial solutions, products and services through its Corporate and Investment Banking and Personal Banking franchises. Headquartered in Abu Dhabi in Khalifa Business Park, the bank has a presence in five continents: Asia Pacific (APAC), Europe, Americas, Middle East and Africa (EAMEA). History First Abu Dhabi Bank was formed as a result of a merger between FGB and NBAD. On 3 July 2016, the two UAE banks announced that their boards of directors had voted unanimously on the recommendation to shareholders for the merger of the two entities. The transaction was approved by the respective shareholders on 7 December 2016. The transaction was executed through a share swap, with FGB shareholders receiving 1.254 NBAD shares for each FGB share they held. The mer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QNB Group
Qatar National Bank (QNB Group) ( ar, بنك قطر الوطني) is a Qatari multinational commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning three continents. The bank's ownership is evenly divided between the Qatar Investment Authority and members of the public. History QNB was founded on 6 June 1964 as the country's first domestically-owned commercial bank. It had 35 employees in its first year and was initially headquartered in a government-owned building in Qatar's capital city, Doha. The two currencies in circulation at the time were the Indian rupee and British pound. As Qatar's population continued increasing through the century, QNB started establishing branches in other parts of the country. In 1974, the first branches outside of Doha were opened in Al Khor and Mesaieed. The bank installed its first ATMs in 1988 in its Doha branches, and, in the next year, introduced VISA cards f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Organization For Social Insurance
The General Organization for Social Insurance (GOSI) is a Saudi Arabian government agency concerned with social insurance Social insurance is a form of social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of social assistance, individuals' ... in the country. GOSI is supervised by a board of eleven directors from government departments, employers and insured persons. Calculations of GOSI are based on earning of an employee (basic salary + housing allowance) of a particular organization. Calculations are divided into 3 categories: # GOSI for Saudi National # GOSI for GCC (Corporation Council for Arab States) Nationals # GOSI for Non-Saudi Nationals {{authority control Government agencies of Saudi Arabia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
