Snaps of Alawwal bank’s success journey
Enjoy watching our 90 year history in a short interesting video
Foreign Minister Prince Faisal bin Abdulaziz (later King Faisal) travels to the Netherlands on a diplomatic mission.
The Bank (then the Netherlands Trading Society) opens its first office in Jeddah.
The Bank finances the first bacteriological laboratory in Jeddah.
The Bank serves the financial needs of the more than 52,000 Dutch East Indies pilgrims that arrive at Jeddah port.
The Kingdom’s first independent currency
The Bank’s Jeddah office assists the government in issuing its first independent currency
Official registration in Makkah
The Bank (still the Netherlands Trading Society) is officially registered in Makkah Al Mukarrama and certified on the 21st of Ramadan 1347 AH (March 2, 1929).
Financing imported Ford cars
The Bank provides finance for the importation of Ford cars.
First branch opens in Makkah
The Bank opens its first office in Makkah, run by Mr. Hussein Al Attas.
Establishment of the Ministry of Finance
The Ministry of Finance is established by Abdullah Suleiman.
First oil deal
A royalty contract is signed between Saudi Arabia and the Standard Oil Company of California, and the first oil payment is received.
Crown Prince Saud visits the Netherlands Trading Society
HRH Crown Prince Saud bin Abdulaziz (later King Saud) visits the Netherlands Trading Society in Amsterdam.
First oil export
On May 1, 1939 an oil tanker carrying the first shipment of Saudi oil departs the Kingdom, marking the beginning of a new era of growth and development.
Importing gold to Saudi Arabia
Aramco imports millions of gold sovereigns into Saudi Arabia through the Bank.
Jeddah building boom
Jeddah experiences an unprecedented building boom following the demolition of the city wall.
The Saudi economy enters a new age with the establishment of the Saudi Arabian Monetary Agency (SAMA). The Agency assumes the organization of financial establishments in the Kingdom, issuing coins and paper currency.
Khobar and Dammam branches
The Bank opens its first two branches in the eastern area, at Khobar and Dammam, under one management.
Construction of first building in Jeddah
The Bank signs an agreement to construct a four-story building (Al Attar Building) on King Abdulaziz Street in Jeddah.
Public bank merger
The Bank merges with Twentsche Bank and is renamed Algemene Bank Nederland (ABN).
Transfer of ownership to Saudi Arabian investors
A majority stake in the Bank is transferred to Saudi Arabian shareholders, representing a model for other foreign banks.
First Chairman, Hussein Al Attas
The Bank appoints Mr. Hussein Al Attas as its first Chairman.
Training center established
The Bank creates a private center in Jeddah to train young bankers in the Kingdom.
Expansion into international markets
The Bank enters global markets and participates in international loan syndications and bond issues.
Head office opens in Jeddah
The Bank inaugurates its head office in Jeddah.
The Bank’s first ATM is installed in Dhahran Airport, while the main Jeddah branch establishes a Corporate Banking department.
The Bank adopts a new logo.
Expansion of branch network
The branch network expands to 39 branches and 45 ATMs and starts offering its point of sale (POS) service. It also introduces mutual investment funds and a program for VIP customers.
Adoption of new technologies
The Bank launches state-of-the-art share trading facilities as well as other retail products and services.
The Bank helps finance two Arabsat satellites to provide telecommunication services across the Arab world.
The Bank opens the first ladies branches in Riyadh.
First investment fund
The Bank launches the Saudi Banks Equity Fund, the first fund of its type in the Kingdom.
First smart credit card
The Bank issues the first smart credit card in the Kingdom.
Launch of Preferred Banking
The Bank launches Preferred Banking for its VIP customers to better reflect their lifestyles and aspirations.
First bond issue
The Bank becomes the first to comply with SAMA legislation and successfully issue a regulatory subordinated bond worth SR 700 million.
Launch of Shariah-compliant products
The Bank launches a range of finance and investment products under the “Al Yusr” brand.
The Bank reaches 1,341 employees, 83% of whom are Saudi nationals.
Financing the new Jamarat bridge
The Bank leads a consortium of eight Saudi banks in financing the Jamarat bridge project in Makkah Al Mukarrama.
The Bank adopts a new logo
The Bank becomes the first Saudi bank in the Kingdom to introduce Teller Cash Recycler (TCR) technology in its branches, allowing customers to be served from an open desk free of barriers.
The first business banking center
The Bank opens the first business banking center for the SME segment.
Real Estate Development Fund agreement
The Bank signs an agreement with the Real Estate Development Fund to help citizens receive home financing in addition to the REDF loan.
Launch of the Business Owner Toolkit website
The Bank launches a website to support SMEs by providing a broad selection of essential information, tools, templates, recommendations and insights to meet their business requirements and help them grow.
Re-launch of “Tedallal” rewards program
The Bank re-launches its rewards program to be the first and most comprehensive in the market, rewarding customers for their total relationship with us.
Launch of Alfursan credit card
The Bank Launches Alfursan credit card with Saudi Airlines, the most powerful in terms of miles rewards and travel benefits.
Launch of mobile banking new generation
The Bank launches Alawwal Mobile, the new generation of mobile banking application, to provide our customers with easier and more convenient services.
A year of outstanding performance
The bank achieves outstanding results, where the Bank’s net profit for the year exceeds SR 2 billion for the first time in its 90-year history. Branch and ATM network reached 60 and 500 respectively.
Launch of Home & Cash with co-borrower feature
The Bank launches the financing program Home & Cash for individuals, with the unique feature of co-borrower, allowing maximum borrowing amount for Home and Personal Finance for each applicant.
Launch of electronic banking application through Apple Watch
For the first time in KSA, our customers can pay their due bills, traffic violations, view their balances and more, from their Apple Watch application.
The Bank rebranded from Saudi Hollandi Bank to Alawwal Bank.
The Bank launched its first digital branch IBDA.