Bank Albilad

Bank Albilad (Arabic: بنك البلاد) is an Islamic Saudi bank established in 2004.

Bank Albilad
بنك البلاد
TypePublic
Tadawul: 1140
ISINSA000A0D9HK3
IndustryFinance
Founded4 November 2004 (2004-11-04)
HeadquartersRiyadh, Saudi Arabia
Key people
Nasser Mohammed Al-Subeaei (Chairman), Abdulaziz bin Mohammed Al-Onaizan (CEO)
ProductsFinancial services
Total assets86,075,431,000 Saudi riyal (2019) 
Number of employees
2,300+

History

Bank Albilad is a Saudi joint stock company, headquartered in Riyadh. It was established with a Royal Decree 48/M on 21/9/1425H (corresponding to 4 November 2004) with a corporate capital of 7.5 billion Saudi Riyals.[1]

Enjaz Banking Services is the remittance department of Bank Albilad.[2]

In February 2021, Nasser Mohammed Al-Subeaei was appointed chairman of the board of directors and Fahd Abdullah Bindekhayel as Vice Chairman.[3]

Services

Bank Albilad offers sharia compliant products and services. The bank provides retail banking products, business products, investment products through the bank investment arm “Albilad Capital ”, international remittance services through the bank Remittance Arm “Enjaz ”.[4]

Board of Directors
  • Abdulaziz bin Mohammed Al-Onaizan (Chief Executive Officer)
  • Nasser bin Mohammed Al-Subeaei (Chairman of the Board of Directors)
  • Fahd bin Abdullah bin Dakhil (Vice Chairman of the Board)
  • Samir Omar Baeisa (member)
  • Khalid Abdul Aziz AlMukairin (member)
  • Ahmed Abdul Rahman Al-Hussan (member)
  • Zeyad Othman Alhekail (member)
  • Adeeb Mohammed Abanumai (member)
  • Khalid Abdul Rahman AlRajhi (member)
  • Haitham Sulaiman AlSuhaimi (member)

Objective and Market focus

The objective of Bank Albilad is to provide all Islamic Sharia compliant banking services. The bank has, as part of its organizational structure, a Sharia Department to be in charge of the follow-up and monitoring of the implementation of the Sharia decisions issued by the Sharia Committee.[1]

See also

References
  1. Tadawul. "Bank Albilad". www.tadawul.com.sa. Retrieved 2019-01-30.
  2. Ali Khan, Ghazanfer (December 18, 2017). "No VAT on expat remittances in Saudi Arabia, say bankers". Arab News.
  3. "Bank Al-Bilad appoints Nasser Al-Subeaei as chairman, Fahd Bindekhayel as vice chairman". Arab News. 2021-02-07. Retrieved 2021-02-07.
  4. "Bank Albilad Remittance Services". The Economic Times. 3 December 2015. Retrieved 25 July 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.