Saudi National Bank is dominant and main shareholder that owns management control of Türkiye Finans through 67.03% share in paid-up capital.
Name Surname / Business Name | Amount of Share (TL) | Share Ratio (%) |
Saudi National Bank (SNB) | 1,742,676,447 | 67.03 |
Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. | 274,838,187 | 10.57 |
Other Shareholders | 582,485,366 | 22.40 |
TOTAL | 2,600,000,000 | 100.00 |
About Saudi National Bank (SNB)
Saudi National Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest in the Saudi Arabia and a leading financial institution in the Region. In 1999, the Government through the Ministry of Finance's Public Investment Fund (PIF) acquired a majority holding in the Bank.
SNB serves over the 12.2 million customers in Saudi Arabia, with 494 branches and more than 15,906 employees.
Saudi National Bank is one of the largest banks in the Arabian finance world. As of the end of 2022, the bank commanded SAR 9,145 billion (USD 252 billion), of assets, while it wrote a net profit of SAR 19 billion (USD 5 billion) in the same period. Its shareholders’ equity increased to SAR 167 billion (USD 44 billion), while generating a Return on Equity of 11.4%.
In 2008, the SNB undertook its first international acquisition and became the dominant partner of Türkiye Finans, one of Turkey’s leading participation banks. Saudi National Bank has been the major shareholder of Turkiye Finans by holding 67% stake in the bank.