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The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is the largest in Saudi Arabia and a leading financial institution in the Region. The Bank initiated its business under the name of ‘‘The National Commercial Bank’’ following the Royal Decree on 20 Rabi Thani 1373H (26 December 1953). In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank.
Investor insights
Funding rounds participated in
$1.6B sweet spot round size
Investor type
Public Company
Basic info
Industry
Banking
Sectors
Banking
Date founded
1953
Funding rounds raised
Total raised
$1.6B
from investors over 1 rounds
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The National Commercial Bank - AlahliNCB raised $1.6B on December 21, 2024