15 Best Banks In Saudi Arabia -There are a total of 24 banks in Saudi Arabia. Out of these 24, 12 are local banks, and the rest are the branches of foreign banks.

The Saudi Arabian Monetary Authority (SAMA) controls and regulates the whole banking system in Saudi Arabia. It is the central bank of Saudi. Therefore, it ensures the smoothness of operations and the stability of the exchange rate. At the same, it also issues Saudi Rial, which is the currency of Saudi Arabia.

15 Best Banks In Saudi Arabia:

Even if there are two types of banks, we can further sub-categorize them into another four – commercial banks
, real estate banks, industrial banks, and agricultural banks.

The banking sector in Saudi Arabia offers a diverse range of options to meet the financial needs of individuals and businesses. Among the top banks in the country, you will find a mix of local and international institutions, each with its unique strengths and services. Whether you seek conventional or Islamic banking solutions, these 15 best banks in Saudi Arabia provide comprehensive financial services, reflecting the vibrant and dynamic economy of the country.

1. National Commercial Bank (NCB)
2. Al Rajhi Bank
3. Riyad Bank
4. Saudi British Bank (SABB)
5. Arab National Bank (ANB)
6. Samba Financial Group
7. Banque Saudi Fransi (BSF)
8. Saudi Investment Bank (SAIB)
9. Alinma Bank
10. Bank AlJazira
11. Bank Albilad
12. Alawwal Bank (formerly known as Saudi Hollandi Bank)
13. HSBC Saudi Arabia
14. Citibank Saudi Arabia
15. Gulf International Bank (GIB)