The National Commercial Bank’s inclusion in the MSCI Emerging Markets Index helps the bank attract investors, strengthens its strong financial position and vision to be a leading financial and banking services group in the region.
As the biggest bank in Saudi Arabia and one of the large financial institutions in the Arab banking sector, NCB realizes its responsibility to adhere to the highest regulatory standards and best practices in the area of investor relations.
Over the past six years, NCB has consolidated its leadership of Saudi Arabia’s banking sector, maintaining its success in increasing annual profits and continuing to hold strong international credit ratings, finance portfolio, and liquidity volume. The number of customers reached 6.7 million by the end of 2018, with the number of branches growing to 401 to reach customers everywhere.
Tadawul’s MSCI inclusion enables Saudi Arabia to diversify its economy and achieve its long-term strategic aspirations. The inclusion process was done in two phases during 2019; May 28th and August 29th consecutively, with 50% in each phase.