Headquartered in Riyadh and listed on the Saudi Exchange, Bank Albilad provides shariah-compliant products and services to personal and corporate clients and micro, small and medium-sized enterprises. Through Albilad Capital, it also undertakes investment and asset management activities. The bank also owns Enjaz Payment Services Company which undertakes payment services. The bank’s vision is to be the preferred choice of innovative Islamic banking solutions, and its mission is to leverage digital transformation, network, and human capital to deliver the highest levels of customer experience and competitive value propositions in the best interests of its clients, its employees, its shareholders, and the communities it serves.

The bank comprises three main divisions, Corporate Banking focuses on financing corporate, institutional and public sector markets, financing small and medium enterprises and financial institutions. Retail Banking focuses on providing deposits-based services, savings, remittance and exchange services, personal and mortgage financing and credit cards, while Treasury’s activities are investing in capital markets, liquidity and foreign exchange, and Treasury services.

Bank Albilad has beaten the average growth in the Kingdom’s banking industry for years measured by asset growth, as well as in terms of the increase in its deposit base. This demonstrates the Bank’s successful penetration into key segments such as personal finance, consumer finance, mortgage lending and corporate lending has been well-targeted and effective. It also evidences a strong appetite to leverage the Bank’s investment capabilities and increase its market share by aligning with the evolving demands and expectations of the customers.