Samba Financial Group
Samba is one of the premier financial institutions in the Kingdom. Their history dates back to the middle of the last century when Citibank opened its first branch in Jeddah in 1955, and its Riyadh branch in 1966.
Samba was formed pursuant to Royal Decree M/3 dated February 12, 1980 in accordance with a program adopted by the Kingdom under which all foreign banks were required to sell a majority of equity interests to Saudi nationals. Consequently, Samba took over the two then existing Citibank branches. Since then, Samba has been an affiliate of Citibank.
In July 1999, Samba merged with United Saudi Bank and became one of the largest financial institutions in the Kingdom. It retained the name Saudi American Bank. Finally, in October 2003, Samba moved to full local management, culminating a transition plan previously agreed with Citigroup.
Even from the start, Samba has always made notable contributions to the advancement of the Saudi banking industry by pioneering the introduction of the latest banking technology, services and products to Saudi customers. Indeed, Samba was the first bank to introduce ATMs in the Kingdom.
In addition, Samba also regularly supports a wide variety of community development programs which directly benefit the communities they serve.
These achievements are well-recognized by top international publications and financial experts. Samba has been consistently named “Best Bank in Saudi Arabia” by EuroMoney, The Banker and Global Finance magazines.See more