Executive Summary
Saudi National Bank (SNB) came into existence from 1st April 2021 following the merger of National Commercial Bank and Samba financial group. The merger has resulted in the creation of the third-largest bank in the GCC region. As with any merger, there is a risk of the synergies not working out as expected. With SNB holding a large portion of its total assets in the corporate side, there would be a pronounced effect on profitability and asset quality compared to banks that are more retail-focused if oil prices are lower.
Company Report Series
Over the past decade, Marmore MENA Intelligence has published a wealth of economic and industry intelligence for research professionals interested in the MENA region. Our comprehensive reports have provided detailed analysis of growth opportunities, evolving trends, competitive landscape, regulatory developments and their effects on business organizations.As part of our latest offerings, Marmore is publishing a series of company reports that enables one to understand a company's business proposition and challenges. These reports are presented in a way that make them accessible for a broader audience who are looking to get a quick understanding of a company's business model and its risks. Our analysis goes beyond what is stated in the websites and annual/quarterly reports and provide a clear sense of what the businesses do, the challenges that they face in a format that is pleasing to read.
All reports in the Company Series follow the same outline as below:
- Business Description
- Geography of Operations
- Ownership Details
- What we like about their Business
- Key Risks
- Potential Future Outcome
- Financials and key ratios for past seven years
