The National Commercial Bank (NCB) is a prominent Saudi Arabian bank and the leading financial institution in the region. The bank is considered the largest and the first to officially be licensed and operate in Saudi Arabia, following the Royal Decree of the 26th of December 1953, corresponding to 20th of Rabi Al-Thani 1373H. NCB was formed as a result of partnership and merger of Saudi Arabia's largest currency exchange houses at the time; Mr. Saleh and Abdulaziz Kaki, and the Mr. Salem bin Mahfouz Company.
In 1979, NCB became the first Saudi bank to launch a mutual fund product. The bank has, since then, led numerous Shariah-Compliant financial services whilst continued being a pioneer in financial innovations such as real estate and auto-lease finance. In addition, NCB asserted its leadership by being the first bank to introduce Credit Cards, the first to operate an ATM (Automated-Teller-Machine), the first to introduce students savings schemes, and the first to dedicate branches for ladies
