Saudi Hollandi Bank
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Saudi Hollandi Bank البنك السعودي الهولندي |
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Type | Public |
Founded | 1926 |
Headquarters | Riyadh, Saudi Arabia |
Key people | Sulaiman A.R. Al Suhaimi (Chairman) |
Industry | Finance |
Products | Financial Services |
Employees | 1300 |
Website | www.shb.com.sa |
The Saudi Hollandi Bank (Arabic: البنك السعودي الهولندي) was the first bank founded in Saudi Arabia. The bank was established in 1926 as the Netherlands Trading Society with one office in Jeddah to serve the pilgrims from the Dutch East Indies, now Indonesia. The Saudi Hollandi Bank once served as Saudi Arabia's central bank, holding its gold reserves and processing early oil related transactions.