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Saudi National Bank

Saudi National Bank (SNB) is a financial institution based in Saudi Arabia and was originally founded in December 1953 under the name of the National Commercial Bank (NCB). In April 2021, SNB was established on completion of the merger between NCB and the Samba Financial Group. Currently, SNB has subsidiaries and affiliates operating in several countries around the world. During the assessed period, the reported number of employees was 13 771 and total assets corresponding to USD 276.6 billion were reported.

Summary

Saudi National Bank ranks as number 291 among all companies in the Financial Sector Benchmark and as number 8 of 18 Middle Eastern and North African institutions assessed. This makes it number 137 out of 150 banks.

Saudi National Bank discloses some limited information on sustainability topics, but its overall level of disclosure related to sustainability topics is low and puts it behind many of its peers. To improve its reporting on sustainability topics, the Saudi National Bank could, for example, set time-bound and measurable targets for the provision of products, services and capital for these climate solutions. It can also include risks associated with the ILO fundamental rights at work for those impacted by its provision of products, services and capital in its risk assessment process and establish a living wages policy which considers those impacted by its provision of products, services and capital.

Ranking position: #291 /400
Total score: 4.1 /100

Industry
Banks	#137

Measurement area	Score	Rank (0-400)
Strategy, governance and stewardship	0.0 /100	#329
Respecting climate and nature	0.0 /100	#253
Environmental footprints	0.0 /100	#233
Inclusive finance	15.3 /100	#60
Responsible business conduct	1.5 /100	#304

Leading practices

The financial institution discloses the amount and/or share (in monetary terms) of products, services and capital provided to women-owned businesses. The financial institution discloses the amount and/or share (in monetary terms) products, services and capital provided to small-and medium-sized enterprises. The financial institution discloses its operation by country (e.g. by number of employees or revenue).

Risks and opportunities

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It could include anti-bribery and anti-corruption clauses in contracts with business partners. While identifying material sustainability impacts, further details on the criteria and evidence used for prioritisation across its value chain are needed. It is recommended that performance criteria for senior executive remuneration be linked to specific sustainability targets.

Although scope 1-2 emissions are disclosed, further details on scope 2 emissions should clarify whether they are market-based or location-based. Monitoring of other scope 3 categories is also recommended, along with transparency in the methodology for footprint calculations. A breakdown of clients and beneficiaries by income group should be provided. The risk assessment process should include risks related to ILO fundamental rights for those affected by its products, services, and capital, with a process for mitigating identified risks.

Additionally, the institution should identify social risks associated with its offerings in relation to the net zero transition and provide examples of conclusions and actions taken regarding salient human rights issues from assessments in the past three years.

Disclaimer

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.

See results for

2022

More about the company

Headquarters: Saudi Arabia
Ownership structure: Publicly listed
Results 2024: Total assets: USD 276.6 billion; AuM USD 70.5 billion
Number of employees: 13771
Website: https://alahli.com

This financial institution is part of the SDG2000, the 2,000 most influential companies

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