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Saudi Hollandi Bank
The Alawwal Bank ( ar, البنك الأول), previously known as Saudi Hollandi Bank, was a Saudi Arabian bank based in Riyadh, Saudi Arabia. It was the first operating bank in the Kingdom of Saudi Arabia and was founded in 1926 as a branch of the Netherlands Trading Society. On 14 March 2021, Alawwal & SABB fully integrated in historic bank merger. History Netherlands Trading Society (1926) It began as a branch of the Netherlands Trading Society in 1926 to serve the Hajj pilgrims from the Dutch East Indies, now Indonesia, 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 Saudi Arabian government. In 1928 the Saudi Riyal, a new silver coin commissioned by King Abdulaziz, became the Kingdom's first independent currency. The Netherlands Trading Society office in Jeddah assisted the government with the launch of the local ... [...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] |
Hajj
The Hajj (; ar, حَجّ '; sometimes also spelled Hadj, Hadji or Haj in English) is an annual Islamic pilgrimage to Mecca, Saudi Arabia, the holiest city for Muslims. Hajj is a mandatory religious duty for Muslims that must be carried out at least once in their lifetime by all adult Muslims who are physically and financially capable of undertaking the journey, and of supporting their family during their absence from home. In Islamic terminology, Hajj is a pilgrimage made to the Kaaba, the "House of God", in the sacred city of Mecca in Saudi Arabia. It is one of the Five Pillars of Islam, alongside Shahadah (oath to God), Salat (prayer), Zakat (almsgiving) and Sawm (fasting of Ramadan). The Hajj is a demonstration of the solidarity of the Muslim people, and their submission to God ( Allah). The word Hajj means "to attend a journey", which connotes both the outward act of a journey and the inward act of intentions. The rites of pilgrimage are performed over five to six ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1926 Establishments In Saudi Arabia
Nineteen or 19 may refer to: * 19 (number), the natural number following 18 and preceding 20 * one of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (film), a 1987 science fiction film Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album ''63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle. * "Nineteen", a song by Bad4Good from the 1992 album ''Refugee'' * "Nineteen", a song by Karma to Burn from the 2001 album ''Almost Heathen''. * "Nineteen" (song), a 2007 song by American singer Billy Ray Cyrus. * "Nineteen", a song by Tegan and Sara from the 2007 album '' The Con''. * "XIX" (song), a 2014 song by Slipknot. ... [...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] |
Saudi British Bank (SABB)
Saudi Awwal Bank (SAB - Alawwal) ( ar, البنك السعودي الأول) is a Riyadh-based Saudi joint stock company in which global banking group HSBC owns a minority stake. The bank traces its origins to the British Bank of the Middle East which was acquired by HSBC in 1959. In response to restrictions on foreign ownership of banks in Saudi Arabia, Saudi Arab British Bank (SABB) was created in 1978 to manage HSBC branches and assets in the country. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger in twenty years. The bank adopted its current name following the completion of the merger. SAB is one of the five largest Saudi banks by deposits, and has over eighty branches across Saudi Arabia and one branch in London, England. History British Bank of Iran and the Middle East (1950) The British Bank of Iran and the Middle East, which became Britis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab News
''Arab News'' is an English-language daily newspaper published in Saudi Arabia. It is published from Riyadh. The target audiences of the paper, which is published in broadsheet format, are businessmen, executives and diplomats. At least as of May 2019, ''Arab News'' was owned by Prince Turki bin Salman Al Saud, the brother of the ruling Crown Prince of Saudi Arabia Muhammad bin Salman (aka MBS). History ''Arab News'' was founded in Jeddah on 20 April 1975 by Hisham Hafiz and his brother Mohammad Hafiz. () It was the first English-language daily newspaper published in Saudi Arabia. ''Arab News'' is also the first publication of SRPC. The daily was jointly named by Kamal Adham, Hisham Hafiz and Turki bin Faisal. The paper is one of twenty-nine publications published by Saudi Research and Publishing Company (SRPC), a subsidiary of Saudi Research and Marketing Group (SRMG). The former chairman of SRMG and therefore, ''Arab News'' is Turki bin Salman Al Saud. He was succeeded by P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Arabian Monetary Agency
The Saudi Central Bank ( ar, البنك المركزي السعودي), previously known as the Saudi Arabian Monetary Authority (SAMA; ar, link=no, مؤسسة النقد العربي السعودي), established in 1952, is the central bank of the Kingdom of Saudi Arabia. After the name change in 2020, the Saudi Central Bank continued to use the same acronym (SAMA). History Prior to the establishment of the Saudi Central Bank, the Saudi Hollandi Bank, a branch of the Netherlands Trading Society from 1926 acted as a de facto central bank. It kept the Kingdom's gold reserves and received oil revenues on behalf of the Saudi Arabian government. In 1928 it assisted in the establishment of a new Saudi silver coin, commissioned by King Abdulaziz which became the Kingdom's first independent currency. The Saudi Hollandia Bank handed over its responsibilities to the SAMA when it was established in 1952 and became a model for other foreign banks in the kingdom. The building's current hea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algemene Bank Nederland
Algemene Bank Nederland (ABN, "General Bank of the Netherlands") was a Dutch bank that was created in 1964 through the merger of the Netherlands Trading Society ( nl, Nederlandsche Handel-Maatschappij, NHM, est. 1824) with the (TB, est. 1861). In 1991, ABN merged with Amsterdamsche en Rotterdamsche Bank (AMRO Bank) to form ABN AMRO. History NHM-TB merger the Netherlands Trading Society and Twentsche Bank announced their merger to form ABN Bank on . An important reason for the merger was the international trend towards concentration. Banks were obliged to scale up their operations. The extensive international network of NTS and the strong Dutch home base of TB, notably in stockbroking and foreign exchange dealing, complemented each other perfectly. Another reason for joining forces was the past involvement of the two banks in developing the textile industry in the Twente region of the Netherlands. NTS had been sharing the running expenses of TB's branch in London (which ope ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dammam
Dammam ( ar, الدمّام ') is the fifth-most populous city in Saudi Arabia after Riyadh, Jeddah, Mecca, and Medina. It is the capital of the Eastern Province. With a total population of 1,252,523 as of 2020. The judicial and administrative bodies of the province, in addition to the administrative offices of other minor governmental departments functioning within the province, are located in the city. The word itself is generally used to refer to the city, but may also refer to its eponymous governorate. Dammam is known for being a major administrative center for the Saudi oil industry. Dammam constitutes the core of the Dammam metropolitan area, also known as the Greater Dammam area, which comprises the 'Triplet Cities' of Dammam, Dhahran and Khobar. The area has an estimated population of 4,140,000 as of 2012 and is closely linked to the city through social, economic, and cultural ties. The city is growing at an exceptionally fast rate of 12% a year – the fastest in Saudi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khobar
Khobar ( ar, ٱلْخُبَر, translit=al-Khobar) is a city and governorate in the Eastern Province of the Kingdom of Saudi Arabia, situated on the coast of the Persian Gulf. With a population of 457,748 as of 2017, Khobar is part of the 'Triplet Cities' area, or Dammam metropolitan area along with Dammam and Dhahran, forming the residential core of the region. The city was founded alongside Dammam by the Dawasir who moved there in 1923 fearing British persecution with the permission of King Abdulaziz Al Saud. Khobar experienced rapid growth during and after the discovery of oil in Saudi Arabia as it served as the port for the oil exports of Saudi Aramco in the company's early days. Traditionally, Khobar has also been a city of shopkeepers and merchants, and today has several shopping malls in and around it. The city is the newest in the Dammam metropolitan area, facing the Persian Gulf with its 16-km long Corniche Road, which runs parallel to the city's eastern coast. Khobar i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ibn Saud Of Saudi Arabia
Abdulaziz bin Abdul Rahman Al Saud ( ar, عبد العزيز بن عبد الرحمن آل سعود, ʿAbd al ʿAzīz bin ʿAbd ar Raḥman Āl Suʿūd; 15 January 1875Ibn Saud's birth year has been a source of debate. It is generally accepted as 1875, although a few sources give it as 1880. According to British author Robert Lacey's book ''The Kingdom'', a leading Saudi historian found records that show Ibn Saud in 1891 greeting an important tribal delegation. The historian reasoned that a 10 or 11-year-old child (as given by the 1880 birth date) would have been too young to be allowed to greet such a delegation, while an adolescent of 15 or 16 (as given by the 1875 date) would likely have been allowed. When Lacey interviewed one of Ibn Saud's sons prior to writing the book, the son recalled that his father often laughed at records showing his birth date to be 1880. Ibn Saud's response to such records was reportedly that "I swallowed four years of my life." p. 561" – 9 Novembe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Riyal
The Saudi riyal ( ar, ريال سعودي ') is the currency of Saudi Arabia. It is abbreviated as or SAR ''(Saudi Arabian Riyal)''. It is subdivided into 100 halalas ( ar, هللة '). The currency is pegged to the US dollar at a constant rate of exchange. History The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh. However, although the Hejaz riyal was the same weight as the Ottoman 20 kuruş, it was minted in .917 fineness, compared to .830 fineness for the Ottoman coin. Thus, because the first Saudi riyal had the same specifications as the Hejaz riyal and circulated alongside Ottoman coins, it came to be worth 22 Ottoman kuruş and was consequently subdivided into 22 ghirsh when coins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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