Banque Saudi Fransi

Banque Saudi Fransi is a Saudi bank listed as a public joint stock company in the Saudi stock market 'Saudi Tadawul.' It is one of the oldest Saudi banks, operating since 1977 from its headquarters in the capital, Riyadh. The bank's capital is SAR12.05 billion. All its banking transactions are supervised and controlled by the Saudi Central Bank's Banking Supervision Department.

The shares of Banque Saudi Fransi are traded on the main market of Saudi Tadawul within the banking sector under the name (BSFR), symbol (1050), ISIN (SA0007879782).

Banque Saudi Fransi was established as a Saudi joint stock company by Royal Decree No. M/23 dated June 4, 1977. The bank officially initiated its activities on December 11, 1977, after the operations of Banque de l'Indochine et de Suez were transferred to the Kingdom. The bank operates under Commercial Register No. 1010073368 issued on September 5, 1989. Its branch network consists of eighty-seven branches in the Kingdom. The bank aims to provide all types of banking services, including Islamic Sharia-compliant products that are certified and supervised by an independent Sharia board.

Banque Saudi Fransi offers its conventional commercial banking services locally and internationally within the personal and business banking sectors, as well as wealth management, and Islamic banking products and services that are compatible with Islamic Sharia and approved by the bank’s own Sharia board.

Personal products offered by the bank include: Murabaha Home Finance, Murabaha Personal Finance, Ijarah Personal Finance, Tawarruq Personal Finance, Tawafoq Credit Card, and JANA Rewards Program. Business products include: Murabaha Investment, Tawarruq Finance, Murabaha Trade Finance, and Financing of Infrastructure Projects.

In 2020, Banque Saudi Fransi launched the digital signature service for customers (Emdha), which is one of the services that complement the bank’s digital transformation of its personal and business services.

Five companies are affiliated with Banque Saudi Fransi: Saudi Fransi Capital (100 percent ownership) specialized in investment services, asset and wealth management, and brokerage services; Saudi Fransi Insurance Agency (100 percent ownership) engaged in insurance brokerage; Saudi Fransi for Leasing Finance (100 percent ownership) active in financing and leasing; Sakan Real Estate Financing Company (95 percent ownership) specialized in real estate financing; and Allianz Saudi Fransi, established in 2007, as a result of a partnership between Allianz International Group and Banque Saudi Fransi.