We were the first bank to operate in the Kingdom, opening our doors in 1926 and issuing the first Riyal two years later.
Over the years we have played an integral role in supporting the leaders of the Kingdom and the growth of the Saudi economy. We have always put our customers first and remain committed to improving their individual banking experiences by delivering service excellence and increasingly advanced technologies. We introduced the first smart credit card to the market, and continue to integrate new technologies at our branches and operations.
Our customers always feel secure in the knowledge that their money is in safe hands. Having maintained a strong capital base for the past 90 years, we are consistently among the Kingdom’s leading banks in earnings growth and return on average equity.
Today, we are rapidly evolving to solidify our position as an industry leader and a force for positive change across the Kingdom. With ambitious plans in place to redefine what banking can be for businesses and individuals, the future is bright for Alawwal Bank, our people and our customers.
Award-Winning Personal Banking
Alawwal Bank provides personal banking services designed to meet the unique needs of our customers, and our rapid growth in retail banking is a testament to our trusted expertise. Our accounts, credit cards and award-winning financing solutions are personalized to our General, Priority, Preferred and Private Banking customers, who all benefit from our outstanding Tedallal Rewards program.
With over 65 branches and more than 554 ATMs throughout the Kingdom, as well as state-of-the-art mobile and internet banking platforms, our people, products and services are always close at hand. Our Shariah-compliant home finance and personal finance products help make our customers’ dreams a reality, featuring streamlined processes and innovative financing models to deliver the fastest and easiest financing in the Kingdom.
Groundbreaking Business Banking
Alawwal Bank has almost a century of success working with many of the Kingdom’s leading businesses and families. In order to best serve the distinct needs of SMEs, mid-sized corporates and the largest institutional businesses, our Corporate Banking Services Group has formed separate teams with the expertise and products to cater to each sector.
From strong treasury investment portfolio management and skillful proprietary trading to Shariah-compliant financing, securities and investment banking, we work hard to advise and support the growth of our clients’ businesses.
Responsible Corporate Citizenship
We care about the difference we can make to our employees, customers, shareholders and the wider community. We have developed ground-breaking educational programs for young Saudi nationals, fostering their skills and creative capabilities while opening doors to new opportunities through partnerships with like-minded companies and academic institutions.
We have also launched initiatives to boost the employment of Saudi nationals of all ages through financial training and education, while our commitment to SMEs extends beyond financial services to providing advice and technical assistance, which are vital to economic growth and job creation in the Kingdom.
Article of Association and Bylaws