National Commercial Bank

National Commercial Bank (also known as AlAhli Bank) is Saudi Arabia’s largest bank by assets and has a 20 per cent market share in the Kingdom.

The majority state-owned bank was established in 1953 as one of the Arab world’s first finance institutions.

The bank’s government stake is held between two state funds, with 69.3 per cent controlled by the Public Investment Fund and 10 per cent by the General Organisation for Social Insurance.

The remaining stock is privately held, according to Fitch Ratings, which affirmed National Commercial Bank’s rating at A+ in December 2012.