alAhli Subsidiaries
SNB
Capital Company (SNBC)
A
Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia to manage
the Bank's investment services and asset management activities.
SNB
Capital Dubai Inc.
An
exempt company with limited liability incorporated in the Cayman Islands to
source, structure and invest in private equity and real estate development
opportunities across emerging markets.
NCB
Capital Real Estate Investment Company (REIC)
The
Company is a special purpose entity registered in the Kingdom of Saudi Arabia.
The primary objective of REIC is to hold and register the real estate assets on
behalf of real estate funds managed by SNB Capital Company.
Türkiye
Finans Katılım Bankası A.Ş. (TFKB)
A participation bank registered in Turkey that collects funds
through current accounts, profit sharing accounts and lends funds to consumer
and corporate customers, through finance leases and profit/loss sharing
partnerships.
TFKB
fully owns the issued share capital of TF Varlık Kiralama AŞ, (TFVK) and TFKB
Varlik Kiralama A.Ş., which are special purpose entities (SPEs) established in
connection with issuance of sukuks by TFKB.
Official Website:
https://www.turkiyefinans.com.tr
Real
Estate Development Company (REDCO)
A Limited Liability Company registered in the Kingdom of Saudi
Arabia. REDCO is engaged in keeping and managing title deeds and collateralised
real estate properties on behalf of the Bank.
AlAhli
Insurance Service Marketing Company
A
Limited Liability Company, engaged as an insurance agent for distribution and
marketing of Islamic insurance products in Saudi Arabia.
The
Board of Directors of the subsidiary in their meeting held on 28 January 2021
resolved to liquidate AlAhli Insurance Service Marketing Company. As at the
reporting date, the required regulatory approvals and the legal formalities in
respect of liquidation of the subsidiary are in progress.
SNB
Markets Limited
A Limited Liability Company registered in the Cayman Islands,
engaged in trading in derivatives and repos/reverse repos on behalf of the
Bank.
Eastgate
MENA Direct Equity L.P.
A
private equity fund domiciled in the Cayman Islands and managed by SNB Capital
Dubai Inc. The Fund’s investment objective is to generate returns via investments
in Sharia compliant direct private equity opportunities in high growth
businesses in countries within the Middle East and North Africa (MENA).
AlAhli
Outsourcing Company
A Limited Liability Company registered in the Kingdom of Saudi
Arabia, engaged in recruitment services within the Kingdom of Saudi Arabia.
Samba
Bank Limited, (SBL) Pakistan
A
subsidiary incorporated as a banking company in Pakistan and is engaged in
commercial banking and related services, and is listed on the Pakistan Stock Exchange.
Co-Invest
Offshore Capital Limited (COCL)
A
Limited Liability Company registered in Cayman Islands, engaged in managing
certain overseas investments through a fully owned entity, Investment Capital
(Cayman) Limited (ICCL). ICCL has invested in approximately 41.2% of the share
capital of Access Co-Invest Limited, which is also a Cayman Island Limited
Liability Company, that manages these overseas investments. As at the reporting
date, the required regulatory approvals and the legal formalities in respect of
liquidation of the subsidiary are in progress.
Samba
Real Estate Company
A
Limited Liability Company registered in the Kingdom of Saudi Arabia, engaged in
managing real estate projects on behalf of the Bank.
SNB
Global Limited
A
Limited Liability Company registered in the Cayman Islands, engaged in managing
certain treasury related transactions.
SNB
Funding Limited
A
Limited Liability company under the laws of the Cayman Islands established with
the main objective of generating liquidity for the Bank through issuance of
bonds.
