National Commercial Bank
The National Commercial Bank (NCB, also known as AlAhli Bank; Arab البنك الأهلي التجاري, DMG al - Bank al -Ahli at- tiǧārī ) is the first bank in Saudi Arabia, and - in terms of the assets it manages - the largest bank in the Arab world. She is also a pioneer in the international development of Islamic banking.
The National Commercial Bank was incorporated on December 26, 1953 by the then Saudi king and founder of the state ibn Abd al- Aziz Saud. On 1 July 1997, it was converted into a public limited company. Since 1999, the Saudi Arabian government is concerned about the Treasury with a majority of the bank. The end of 2010 there were 284 branches and 2.3 million customers. Of the approximately 5,500 employees, almost 90 % Saudis.
The paid up share capital amounts to 4 billion U.S. dollars. At the end of 2011, the share capital was reported to be 9.111 billion U.S. dollars and calculated a gain of 18.4%.
Structure and investments
The government of Saudi Arabia has a share of about 80 % in the bank. NCB is with 64.68 % equity interest of Turkiye Finans Katilim Bankasti ( TFKB ), the leading Islamic bank in Turkey.