Saudi Awwal Bank SJSC. Stock Analysis 1060.SR

Saudi Awwal Bank engages in the finance sector. The company is headquartered in Riyadh, Riyadh and currently employs 5,465 full-time employees. The company provides a range of banking services as well as Shariah approved products. The company operates under the following segments: Retail Banking, which caters mainly to the banking requirements of personal and private banking customers including deposits, current and savings accounts, personal finances and credit cards; Corporate Banking, which caters mainly to the banking requirements of commercial and corporate banking customers including deposits, current accounts, loans, finances and other credit facilities; Treasury, which caters mainly to capital markets, foreign currency transactions and trading in financial derivatives, as well as Others, which includes activities of the Bank’s investment in a joint venture and an associate. In addition the Treasury segment caters to management of the Bank’s liquidity, currency and special commission rate risks, and it is responsible for funding the Bank’s operations.