Samba Bank Company Profile and Leadership Insights

Samba Bank is a leading financial institution in the Middle East, with a strong presence in the region. Founded in 1979, Samba Bank has a rich history of providing innovative banking solutions to its customers.

Samba Bank's leadership team plays a crucial role in shaping the bank's vision and strategy. The bank's CEO, Suleiman Al-Rajhi, has been instrumental in driving the bank's growth and expansion.

Under Suleiman Al-Rajhi's leadership, Samba Bank has expanded its operations to become one of the largest banks in the region. The bank's commitment to innovation and customer satisfaction has earned it a reputation as a trusted financial partner.

With a strong focus on customer service, Samba Bank has established a reputation for delivering high-quality banking services to its customers.

Samba Bank Limited has seen significant growth in its geographical sales over the years, with a notable increase in Pakistan.

In 2020, the bank's sales in Pakistan reached 4.69 billion, a substantial jump from 3.86 billion in 2019.

The bank's sales in Pakistan continued to fluctuate, reaching 4.7 billion in 2021, before dropping to 3.13 billion in 2022.

However, in 2023, the bank's sales in Pakistan saw a significant rebound, reaching 7.02 billion, surpassing the 2021 figure.

Recommended read: Banking in Pakistan

The NCB Deal was a game-changer in the financial world, resulting in a mega-merger worth 15.3 billion dollars.

This massive deal led to the creation of Saudi National Bank (SNB), the Arabian Gulf's third largest bank after Qatar National Bank and First Abu Dhabi Bank.

The merger took place in April 2021, marking a significant shift in the banking landscape.

The new SNB company replaced both Samba and NCB branding within Saudi Arabia, while Samba's previous branding continues to be used outside of the country.

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As we dive into the financial performance of Samba Bank Limited, let's take a closer look at their sales by activity. Retail banking sales have been steadily increasing, reaching $3.19 billion in 2023.

The bank's retail banking sales more than doubled between 2020 and 2023, growing from $1.39 billion to $3.19 billion.

Wholesale banking sales are a more recent addition to the bank's offerings, with sales of $1.8 billion reported in 2023.

Corporate banking sales have also seen significant growth, reaching $1.29 billion in 2022.

Here's a breakdown of the bank's sales by activity for the past few years:

Global markets sales have also seen significant fluctuations, with a high of $1.78 billion in 2021 and a low of -$275 million in 2022.

The leadership team at Samba Bank Limited is comprised of experienced professionals who have been appointed to various roles within the company. Ahmad Tariq Azam serves as the Chief Executive Officer.

The bank's Executive Committee includes a Manager who oversees the administrative functions, a Chief Administrative Officer who handles day-to-day operations, and a Chief Tech/Sci/R&D Officer who is responsible for the bank's technology and research and development.

The bank's Board of Directors is composed of six members, including a Chairman who oversees the board's activities. The board members are responsible for making strategic decisions and overseeing the bank's overall direction.

Here is a list of the bank's Board of Directors:

The Executive Committee at Samba Bank Limited is responsible for making key decisions and overseeing the bank's operations. Ahmad Tariq Azam serves as the CEO, a position he has held since July 31, 2022.

One of the key members of the Executive Committee is Imran Kazim, who holds the title of Chief Administrative Officer. Unfortunately, his age and date of joining the bank are not publicly disclosed.

Another important member is Syed Ghazanfar Agha, who is responsible for ensuring the bank's compliance with regulatory requirements. His exact age and date of joining the bank are not available.

Zeeshan Kayser is the Chief Technology/Science/R&D Officer, a crucial role in today's digital banking landscape. However, his age and date of joining the bank are not publicly disclosed.

Asma Sultana has been the Investor Relations Contact since March 31, 2014. Her role involves communicating with investors and stakeholders about the bank's performance and strategy.

Here is a list of the Executive Committee members:

The Board of Directors at Samba Bank Limited is comprised of experienced individuals who bring their expertise to the table. Ilyas Mustafa serves as the Chairman, a position he took on October 26, 2022.

The Board has a total of 8 members, with several directors joining in recent years. Hussein Hassan Eid, for example, joined the Board on May 20, 2021.

The directors are responsible for overseeing the bank's operations and making strategic decisions. They are led by Chairman Ilyas Mustafa, who has been in the position since October 2022.

Here is a list of the current Board of Directors at Samba Bank Limited:

The Board has a good mix of experienced professionals, with several members joining in recent years.

Samba is a digital bank based in Brazil, founded in 2016 by two entrepreneurs, Daniel Figueiredo and Renato Chai.

The bank's headquarters is located in São Paulo, Brazil's largest city.

Samba offers a range of financial services, including checking and savings accounts, credit cards, and personal loans.

Its mobile app allows customers to manage their accounts and make transactions on the go.

Samba has a strong focus on innovation and uses artificial intelligence to personalize its services and improve customer experience.

Check this out: Banking Brazil