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In total, there are 24 licensed banks operating in Saudi Arabia. The banking system is composed of 12 Local Banks and 12 Foreign Banks (April 2023). The Saudi Arabian Monetary Authority (SAMA), effectively the central bank, controls and regulates the whole banking system in Saudi Arabia.

SWIFT/BIC Codes in Saudi
1
Al Rajhi Bank | Riyadh Update: 2022-12-19

Al Rajhi Bank (formerly Al Rajhi Banking and Investment Corporation), is one of the largest Islamic banks in the world. The Bank is one of the largest joint stock companies in the Kingdom. Al-Rajhi Bank's shareholding pattern show that the four sons of Abdul Aziz Al Rajhi (Saleh, Sulaiman, Abdullah and Mohammed) and their heirs remain the corporation's primary equity holders.
2
Alinma Bank | Riyadh Update: 2022-12-20

Alinma Bank is a Shariah law-compliant, commercial Islamic bank. The Bank provides financial solutions such as car financing, education financing, personal financing, investment and cash management, trade operations, savings, family, sadad and investment accounts, credit and debit cards, merchant, online, and other banking services to individuals, small and medium enterprises, and retail customers through a wide network of branches and ATMs across Saudi Arabia.
3
Arab National Bank | Riyadh Update: 2022-12-22

Arab National Bank (ANB) is one of the largest banks in the Middle East. ANB offers a wide range of domestic and international commercial and Islamic products and services to the retail and corporate sectors. The Bank also offers a consultancy and investment, mutual funds and assets management, local and international equity trading, foreign exchange and treasury services.
4
Bank Albilad | Riyadh Update: 2022-12-22

Bank Albilad is a full-service commercial bank operating under Islamic Sharia principles. The Bank operates in four business segments - Retail Banking, Corporate Banking, Treasury and Investment Banking - over 150 branches, five sales centers, and over 168 Enjaz remittance centers across Saudi Arabia.
5
Bank AlJazira (BAJ) | Jeddah Update: 2021-02-03

Bank AlJazira (BAJ) is one of the leading Shari'ah compliant fast growing financial institutions in Saudi Arabia, client-driven and service-oriented Saudi Financial Group which provides individuals, businesses and institutions with innovative Shari'ah compliant financial services through professional and dedicated staff.
6
Banque Saudi Fransi | Riyadh Update: 2022-12-20

Banque Saudi Fransi (BSF) is a commercial bank that provides a wide range of banking services to private and corporate clients in the Kingdom of Saudi Arabia and other markets. The Bank's offices are located in Riyadh, Jeddah, Al-Riyadh and Al-Khobar.
7
Deutsche Bank Saudi Arabia | Riyadh Update: 2012-06-20

Deutsche Bank AG Riyadh Branch is the Saudi Arabian branch of Deutsche Bank, a global banking and financial services company. The branch is regulated by the Saudi Arabian Monetary Agency (SAMA) and operates under a full commercial banking license, which was granted by SAMA in July 2004.
8
Islamic Development Bank (IsDB) | Jeddah Update: 2022-10-30

The Islamic Development Bank is an international financial institution established in pursuance of the Declaration of Intent issued by the Conference of Finance Ministers of Muslim Countries held in Jeddah in Dhul Q'adah 1393H, corresponding to December 1973.
9
Riyad Bank | Riyadh Update: 2022-12-19

Riyad Bank is one of the largest financial institutions in Saudi Arabia and the Middle East, with a strong corporate and retail banking franchise. It operates in four primary financial services sectors including Personal Banking, Corporate Banking, Treasury, and International Banking. Total assets: SAR 186,450 billion (as of March 31, 2013). Net income: SAR 3,466 million (2012).
10
SABB | Riyadh Update: 2022-12-19

SABB (formerly known as the Saudi British Bank) is a Saudi Joint Stock Company with a strong track record and a heritage that stretches back more than 30 years. The Bank provides commercial, private, and Islamic banking services to individuals and companies in Saudi Arabia.
11
Saudi Investment Bank | Riyadh Update: 2022-12-22

The Saudi Investment Bank (SAIB) is a leading Saudi Bank committed to the promotion of private industrial and commercial sectors. The Bank offers traditional wholesale, retail and commercial banking products through 51 branches in Saudi Arabia. In particular, SAIB arranges financing of quasi-government and private industrial sectors and trade finance products for facilitating imports and increasing Saudi exports.
12
Saudi National Bank (SNB) | Riyadh Update: 2022-12-20

Saudi National Bank (SNB or SNB AlAhli) is the largest commercial bank in Saudi Arabia. SNB AlAhli offers current, savings, time, and other deposit accounts, home financing, auto leases, currency exchange, money transfer, corporate loans, asset management, share brokerage, initial public offering subscription, and private banking services. The Bank was formerly known as the National Commercial Bank.

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