Samba Financial Group SJSC has been in the news recently due to its merger with the National Commercial Bank (NCB) in Saudi Arabia. The merger, which took place on 1 April 2021, resulted in the formation of the Saudi National Bank, creating one of the largest banking institutions in the region. This significant development has drawn attention to Samba's strategic moves in the banking sector and its impact on the financial landscape of Saudi Arabia.
Formerly known as The Saudi American Bank, Samba Financial Group SJSC was a prominent Saudi multinational banking firm headquartered in Saudi Arabia. The institution operated with 66 branches across the Kingdom, offering a wide range of financial services to its customers. With a strong presence in the banking industry, Samba played a key role in the economy of Saudi Arabia before merging with NCB to establish the Saudi National Bank.