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Alawwal Bank information


Alawwal Bank
Native name
البنك الأول
FormerlySaudi Hollandi Bank
Company typePublic
Traded as
Tadawul: 1040
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.

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