National Commercial Bank
• The National Commercial Bank was the first bank established in Saudi Arabia and was formed in 1953 pursuant to a Royal Decree by the late King Abdulaziz Bin Abdul Rahman Al Saud to convert the partnership of Saleh & Abdulaziz Kaki and Salem Bin Mahfouz into the National Commercial Bank.
• The Bank was constituted as a General Partnership from its founding in 1953 until July 01, 1997, when it was reconstituted as a Joint Stock Company.
With the changes in the Bank's ownership in 1999, a new Board of Directors was formed under the Chairmanship of Mr. Abdulla Salem Bahamdan. This marked a clear separation between ownership and management of the Bank. Since then, NCB recorded appreciable changes in the quality of customer service, product offerings and financial performance indicators. Mr. Abdulla Bahamdan was reelected Chairman of the Board of Directors for the current term. On October 1, 2005, Mr. Abdul Kareem Abu Al Nasr was appointed as General Manager, and appointed the bank's first Chief Executive Officer (CEO) on January 1, 2006.
- National Commercial Bank (Alahli
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