The National Commercial Bank is dominant and main shareholder that owns management control of Türkiye Finans through 67.03% share in paid-up capital.

About National Commercial Bank (NCB)
The National Commercial Bank (NCB) is the largest financial institution in Saudi Arabia. Since its establishment in 1953, people see the NCB as a trusted partner both in their business and private lives and as a symbol of innovation and leadership. The name NCB comes from “Alahli”, which means national, in its Arabic name “Bank Alahli”.

The NCB’s 63-year long story of growth and development is a reflection of Saudi Arabia’s progress towards contemporary civilization and continuous improvement. Today, the NCB has a significant reputation in the eyes of its customers with approximately 5 million customers and successful business partnerships. The NCB responds to the needs of its customers with a range of products and services available, innovative solutions offered to customers and the technologies that enhance customer experience.

In 2008, the NCB undertook its first international acquisition and became the dominant partner of Türkiye Finans, one of Turkey’s leading participation banks. The NCB holds a 67.03% stake in Türkiye Finans.

In 2014, the public offering of 25% of the NCB’s shares marked the start of a new era for the Bank. The Bank has now started to share its gains from a wide array of projects in the sector and from the growth with its investors.

In 2015, the NCB operates with 352 branches in Saudi Arabia and 8,067 employees in Islamic Banking. With 2,927 ATMs located throughout Saudi Arabia, the NCB successfully carries out 94% of customer transactions through alternative distribution channels.

Among the first Saudi companies to implement Corporate Governance Principles, the NCB was the first bank to obtain the “International Business Continuity Management Certificate” in Saudi Arabia. The Bank also remains a leader in Corporate Social Responsibility. Within this scope, the Bank carries out a business opportunity program in which it provides consultancy and fund support to entrepreneurs.

The NCB is one of the largest banks in the Arabian finance world, with a paid-up capital of SAR 20 billion (USD 5.3 billion). As of the end of 2016, the bank commanded SAR 441 billion (USD 118 billion) of assets, while it wrote a net profit of SAR 9.4 billion (USD 2.5 billion) in the same period. Its equity rose to SAR 60 billion (USD 16 billion), while it achieved a return on equity of 16.3%. The bank recorded earnings per share of SAR 4.66 (USD 1.24) in 2016.

Shares belonging to Board of Directors and Executive Vice Presidents in Türkiye Finans
All Board of Directors and all executive vice presidents do not have any share in Türkiye Finans.