Samba Financial GroupRiyadh, Saudi Arabia

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Samba Financial Company Description

The sound of money is music to Samba Financial Group's ears. The bank offers corporate advisory, investment banking, asset management, retail banking, and related services through more than 80 branches in Saudi Arabia. A London branch caters to Saudi customers in the UK; a handful of Islamic Banking branches offer Shariah-compliant services. Its commercial segment caters to the small and midsized business sector; credit cards and car financing products are found under the "Al-Khair" brand name. Samba Financial Group was established when it took over the two Saudi branches owned by Citibank in 1980; Citibank sold off the last of its stake in the company in 2004.

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The Company Description provides a historical perspective of Samba Financial's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Samba Financial's evolution in the marketplace.

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