About
Alawwal Bank previously known as Saudi Hollandi Bank, is an operating bank in the Kingdom of Saudi Arabia founded in 1926. Originally, it was known as 'The Netherlands Trading Society', and operated out of one office in Jeddah. Its main business at the time was providing financial services to Haj pilgrims from Indonesia. As it was the only bank in the Kingdom at the time, it acted as the central bank, keeping the Kingdom's gold reserves and receiving oil revenues on behalf of the Saudi Arabian government. In 1928 the Saudi Riyal, a new silver coin commissioned by Late King Abdulaziz, became the Kingdom's first independent currency. The Netherlands Trading Society office in Jeddah had the honor of assisting the government with the launch of the local currency. In 1954 the Netherlands Trading Society expanded its operations in the Kingdom by opening two additional branches, in Al Khobar and Dammam, in the Eastern Province. In 1969, ABN Bank was one of the first foreign banks to impleme
Position in the VCSift Database
- • 33,888 investors in VCSift focus on the fintech sector.
- • 390 investors are based in Riyadh, Ar Riyad, Saudi Arabia.
Data sourced from 410,343 investor profiles. Updated July 2026.
Investment Focus
- Sectors
- fintech
- Location
- Riyadh, Saudi Arabia
Contact Information
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