Samba Financial Group
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Samba Financial Group — overview
Assets Under Management
Type
Bank
Location
Riyadh Saudi Arabia
Alternative Asset Classes
-
About
Samba Financial Group (Samba) was established in 1980 to take over the then-existing Citibank branches in Riyadh and Jeddah. It was the first bank to offer priority banking, phone banking, credit shield, saving linked insurance, cash deposit through ATMs, speed cash remittance service, and automated signature verification. It was also the first bank to establish a dedicated investment department, introduced the first local equity fund, and the first fund, SAIF, open to overseas investors and listed on the London Security Exchange.
Saudi National Bank has completed a merger between NCB and Samba Financial Group on January 2022.
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