The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest bank in Saudi Arabia and is 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 26 December 1953). In 1979, NCB became the first Saudi bank to launch a mutual fund, and has led innovations in real estate and auto finance. Since then, NCB has pioneered the development of many Shariah compliant financial services that now meet the needs of clients. In 2014, NCB offered 25% of its Shares for public subscription, marking the beginning of another new era in which the bank provides Saudi investors with the opportunity to participate in its expansion across all sectors.
