Samba Financial Group (formerly known as The Saudi American Bank) has over 60 branches in Saudi Arabia, and branches in London, Doha, and Dubai. Samba is the third-largest bank in the country with 3,600 employees and assets totaling $53 billion.
Samba offers consumer, corporate, and commercial Islamic banking products, and has a $13.4 billion market capitalization. Samba has presence in Pakistan as a majority owned subsidiary, Samba Bank Limited (SBL), and is listed on stock exchanges in the country.
The company was founded in 1980 and is headquartered in Riyadh, Saudi Arabia. Shareholders include GOSI, Public Investment Fund, Public Pension Agency, Banque du Caire, Bank Melli Iran, and Hassana Investment Company.
Hassana is an off-shoot of GOSI that focuses on investments (real estate and commercial projects) in local, regional, and international stock markets. The CEO/Chairman is Eisa Al-Issa, who is Mohammed Al-Issa’s son, and former director of the Saudi Electricity Company. Al-Issa holds major stakes in Savola Group, Saudi Hotels & Resorts Company, and Riyad Bank.