Al Bilad Bank

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Bank Albilad
بنك البلاد
TypePublic
Tadawul: 1140
ISINSA000A0D9HK3
IndustryFinance
Founded4 November 2004; 16 years ago (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) Edit this on Wikidata
Number of employees
2,300+
Websitewww.bankalbilad.com/en/personal/Pages/home.aspx

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

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 solutions in multiple segments like 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[]

  • 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)
  • Abdulaziz Mohammed AlOnaizan (member)
  • Adeeb Mohammed Abanumai (member)
  • Khalid Abdul Rahman AlRajhi (member)
  • Haitham Sulaiman AlSuhaimi (member)

Sharia Committee Members[]

  • His Excellency Sheikh Abdullah Al-Manea
  • His Excellency Sheikh Prof. Abdullah Al Mutlaq
  • His Eminence Sheikh Prof. Dr. Abdullah Al-Ammar
  • His Eminence Sheikh Dr. Mohammed Al-Osaimi
  • His Eminence Sheikh Prof. Dr. Yousef Al-Shubaily

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. ^ Jump up to: a b 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.
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