National Commercial Bank

Теги: Bank, Finance, Saudi Arabia
Posted by Greg


The National Commercial Bank is the most prominent of Saudi banks and was the first bank established in Saudi Arabia. The Bank initiated business in the name of "The National Commercial Bank" under Royal Decree on 20 Rabi Thani 1373H (26 December 1953).
The initial paid-up capital for NCB was SR 30 million (US$ 8 million).