Silver Mark in the Middle East. Alawwal Bank (2016) In November 2016, Saudi Hollandi Bank changed its name to Alawwal Bank as part of a new corporate identity that will be rolled out over the next three months, according to a statement. Alawwal, meaning “The First” in Arabic, which refers to the bank’s status as the first bank to launch in the country in 1926. Merger with Saudi British Bank (2019) On 4 October 2018 Arab News reported that the Alawwal Bank and the Saudi British Bank (SABB) are about to become one with a merger proposal from both sides in order to create Saudi Arabia's third largest bank. On 16 June 2019, the merger was legally completed. The integration was planned to completely took place in about 18 months, which will result in retention of the brand name "Saudi British Bank" only. On 14 March 2021, Alawwal was fully integrated in to SABB. Operations SHB is organized into three main business segments: Corporate Banking, Personal Banking and Treasury. In addition, the Bank provides brokerage, asset management and investment banking services through its subsidiary Saudi Hollandi Capital. Principal divisions and subsidiaries Saudi Hollandi Capital: engages as principle and agent in retail equity brokerage, asset management, corporate finance and investment advisory activity, debt arrangement and securities custody services Wataniya Insurance Company: with 20% ownership for Saudi Hollandi Bank Saudi Hollandi Insurance Agency Company: entirely owned as its bancassurance distribution arm with licensed in insurance activities. Saudi Hollandi Real Estate Company: entirely owned in support of SHB’s Home Finance by being involved in the registration of real estate title deeds Branches and ATMs Saudi Hollandi Bank has over 265 ATMs, 6 Business Banking Centres, 30 Preferred Banking Centres and 45 branches across the kingdom, in which 16 are women-only sections. Amongst Saudi Hollandi’s ATMs are Teller Cash Recycling machines (TCR). Preferred Banking Centers are for Saudi Hollandi’s VIP clients. See also List of banks in Saudi Arabia References External links Official website 1926 establishments in Saudi Arabia Banks established in 1926 Companies listed on Tadawul Banks of Saudi Arabia ABN AMRO Companies based in Riyadh 2019 mergers and acquisitions HSBC acquisitions