Samba Financial Group SJSC, formerly known as The Saudi American Bank, was a multinational banking firm based in Saudi Arabia. The combined institution had 66 branches in the Kingdom.[1]
Samba merged with NCB to form Saudi National Bank on 1 April 2021.[2]
History
Samba was established on 12 February 1980 with the takeover of Citibank branches in Jeddah and Riyadh under a Saudi requirement that forced all foreign banks to be at least 60% owned by Saudi nationals.[3] Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank. The former Prime Minister of Pakistan,