Saudi National Bank (SNB), the largest financial institution in Saudi Arabia, has announced the launch of "NEO" Digital Banking, featuring an unprecedented digital banking experience, as part of its strategy to enhance digital transformation as one of the strategic priorities of Vision 2030.

The Saudi National Bank has successfully entered the Taiwanese Formosa market marking the first Saudi bank to ever access this market.

The Saudi National Bank announces its Board of Directors resolution to accept the resignation of Mr. Talal Ahmed Al khereiji as the acting CEO of the Bank, effective from 30 April 2024 due to his personal circumstances. The Board expresses its gratitude and appreciation to Mr. Talal Al khereiji for his efforts during his career with the Bank which lasted for more than twenty years and wish him all the best and continued success in his new endeavors.

Saudi National Bank (SNB), which is considered the largest bank in Saudi Arabia by assets, its net profit has increased to five billion Saudi Riyals at the end of the first quarter of the year 2024, and this increase is 0.4% with comparison to the corresponding quarter in the year 2023. On a quarterly basis, SNB’s net profit escalated to by 1.5% compared to the fourth quarter of the year 2023.

The Saudi National Bank announced a net income after Zakat and income tax of SAR 20.0 billion by the end of 2023, representing an increase of 8% compared to SAR 18.6 billion in 2022. This followed the announcement of the annual financial results for the period ending on 31-12-2023.

The Saudi National Bank has successfully issued a new USD 850 million senior unsecured sukuk issuance under its Sustainable Finance Framework, marking its second public ESG labeled issuance following its inaugural offering in 2022. This issuance demonstrates SNB's commitment to becoming a regional financial powerhouse that contributes to the Kingdom's sustainability goals.