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Dubai: Saudi Arabia’s newest bank is now open… Created from the merger of two banking giants, the Saudi National Bank immediately starts off as being the ‘largest’ in the Kingdom. It sure has the numbers. • Total assets – 896 billion riyals ($239 billion) • Combined net profit – 15.6 billion riyals ($4.2 billion) • Shareholders’ equity – 127 billion riyals ($34 billion) • Combined market share – 30 per cent “With the legal completion of the merger, Saudi National Bank is in prime position to compete regionally and locally, ultimately creating a positive impact for all of our stakeholders,” said Ammar Alkhudairy, Chairman of Saudi National Bank. Customer facing Customers should continue to bank as normal with their respective banks and will not experience any difference to their banking services, the new entity said in a statement. In case of any updates to products, services, or if any action is required from a customer, the bank w

Saudi arabiaUnited arab emiratesAr riyaAmmar alkhudairySaudi stock exchange tadawul onSaudi national bankNational commercial bankNational commercialImage creditSaudi nationalSaudi stock exchangeசவுதி அரேபியாஒன்றுபட்டது அரபு அமீரகங்கள்ஆர் ரியாசவுதி தேசிய வங்கிதேசிய வணிகரீதியானது வங்கி