Alawwal Bank

Alawwal Bank
Native name
البنك الأول
FormerlySaudi Hollandi Bank
Company typePublic
Tadawul1040
IndustryFinance
Founded1926 (1926) in Jeddah (as The Netherlands Trading Society)
FateMerged with SABB (Saudi bank)
HeadquartersRiyadh, Saudi Arabia
Key people
  • Lubna Olayan (Chairman)
  • Khalid Bin Abdullah Al-Mulhem (Vice Chairman)
  • David Dew (Managing Director)
ProductsCorporate and institutional banking, SME banking, retail banking, investment banking, brokerage, asset management, insurance services
Total assets$28 billion (May 2017)
Number of employees
2600 (2017)
Websitewww.alawwalbank.com
Footnotes / references
[1][2][3]

The Alawwal Bank (Arabic: 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 was fully merged with SABB.[4]

  1. ^ "Alawwal Bank". Forbes. Retrieved 5 April 2020.
  2. ^ "Alawwal Bank (merged)". Zawya. Retrieved 5 April 2020.
  3. ^ "Alawwal Bank". Bloomberg. Retrieved 5 April 2020.
  4. ^ "Alawwal & SABB fully integrate in historic bank merger". Arab News. 2021-03-14. Retrieved 2021-03-30.