Home » Saudi Arabia » Saudi Arabia – Banking

Saudi Arabia – Banking

Main Local Banks in Saudi Arabia

Saudi Arabia has a robust banking sector, with several prominent local banks serving the country’s financial needs. Here are some of the main local banks in Saudi Arabia:

  1. National Commercial Bank (NCB)

  2. Riyad Bank

  3. Al Rajhi Bank

  4. Saudi British Bank (SABB)

  5. Alinma Bank

Presence of UK and USA Banks in Saudi Arabia

Several major UK and USA banks have a significant presence in Saudi Arabia, catering to the needs of both local and international clients. Here are some of them:

  1. HSBC Saudi Arabia

  2. Citibank Saudi Arabia

  3. Standard Chartered Bank Saudi Arabia

Accounts and Services for Expats

Banks in Saudi Arabia offer various accounts and services tailored to meet the specific needs of expatriates living in the country. Some of the key offerings include Non-Resident Bank Accounts, International Money Transfers, Expatriate Loans, and Foreign Exchange Services.

Typical Bank Opening Hours

In Saudi Arabia, banks generally follow a standard operating schedule, but it’s essential to be aware that Islamic prayer timings can influence their hours of operation. Typical bank opening hours are Sunday to Thursday: 8:00 AM to 4:30 PM, with some branches also open for a few hours on Saturday.

During the holy month of Ramadan, banks may have reduced working hours.

Areas of Concern for Expats

While the banking system in Saudi Arabia is generally well-regulated and secure, there are some specific areas of concern that expats should be aware of, such as Islamic Banking Principles, Residency Requirements, and potential Language Barriers.


Get Our Best Articles Every Month!

Get our free moving abroad email course AND our top stories in your inbox every month


Unsubscribe any time. We respect your privacy - read our privacy policy.


Opening A Bank Account as an Expat

Opening a bank account in Saudi Arabia as an expat involves choosing a bank, gathering documents, visiting the branch, undergoing the application process, and account activation.

In conclusion, Saudi Arabia’s banking system offers a diverse range of services to cater to the needs of both locals and expatriates. Understanding the specific banking offerings and adhering to the necessary requirements ensures a smooth banking experience in Saudi Arabia.


Latest Videos

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.  Germany's Health Insurance Update:  Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.  COVID-19 Measures Reintroduced in Cyprus:  With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.  Free Health Trials in Trieste, Italy:  Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.  Spain's New Health Advice App:  Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.  Expat Satisfaction with Healthcare in Mexico:  A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.  Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

Expat Focus 31 January 2024 10:36 am

This error message is only visible to WordPress admins

Important: No API Key Entered.

Many features are not available without adding an API Key. Please go to the YouTube Feed settings page to add an API key after following these instructions.