Arab National Bank · Riyadh Saudi Arabia
Company Description
View Arab National Bank Locations On A US Map
This link will open in a new window
This link will open in a new window Arab National Bank offers Shariah (Islamic law) compliant domestic and international banking services for the retail and commercial markets. Its 168 branches and about 30 "ladies sections" provide savings and checking accounts, credit and ATM cards, loans, and investment services. Its Corporate Banking Group segment serves midsized and large Saudi businesses, while its treasury branch offers customers foreign exchange services, international stock trading, international bonds, and margin trading accounts. In addition to its Saudi branches, Arab National Bank owns and operates one facility located in the UK. Arab Bank PLC (Jordan) owns a 40% stake in Arab National Bank, which was formed in 1979. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Arab National Bank Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Employees | 4,000 |
Arab National Bank Executives
10 executives listed for Arab National Bank's Riyadh, location.
| Title | Name & Bio | Contact |
| Chairman | Abdullatif Al-Jabr | Network |
| Managing Director | Robert Eid | Network |
| Head of Asset Management, ANB Invest | Haitham Al-Mubarak | Network |
Competition
Competitive Landscape for Arab National Bank
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Arab National Bank Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!