Company Salary Range
Monthly Salary Range
$2,000-5,966$67,928-83,023
$27,284-33,347
$10,121-12,370
$9,849-12,038
Intelligence Generated by Bayt.com
Samba Financial Group hires employees from the below companies often:
Many of Samba Financial Group's employees come from the below universities and educational backgrounds:
Top Universities
Top Educational Backgrounds
Many of Samba Financial Group’s employees are residing in the following locations:
Most common skills at Samba Financial Group for this job role are:
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Most entry-level professionals at Samba Financial Group have the below job roles:
7.31%
Females
92.69%
Males
22.60%
Under the age of 35
11.10%
Above the age of 50
Systems Analyst / Programmer
Operation Manager
Office Manager to CEO/Chairman
Country General Manager
Customer Ser. and Teller
Samba Financial Group was formed pursuant to Royal Degree dated 26/3/1400 H. (February 12, 1980) to take over the then existing branches of Citibank, N.A. in Riyadh and Jeddah. Citibank had opened its Jeddah branch in 1955 and its Riyadh branch in 1966. SAMBA was formed in accordance with a program adopted by the Kingdom in the mid-1970s under which all foreign banks were required to sell majority equity interests to Saudi nationals. SAMBA commenced business on February 12, 1980 and closed its first fiscal year on December 31, 1980. The principal terms and conditions of the deal were: 44.5% of the equity was sold to the Saudi public for cash, under rules which favored the allocation of shares to small subscribers. Share allocations were made to nearly 166,000 individual subscribers. An additional 15.5% of the equity was sold for cash to a selected group of Saudi founders, including the original Saudi members of the Board of Directors. Thus, 60% of the total share capital was held by Saudi nationals. The remaining 40% of the equity was acquired by Citibank in exchange for the assets of its Riyadh and Jeddah branches. Citibank entered into a Technical Management Agreement under which it agreed to manage the new bank. This agreement provided that Citibank would second staff to the new bank and provide technical support and that it would not receive compensation for these services (other than as a shareholder) except for reimbursement of actual expenses. Towards the end of 1991, Citibank sold part of its equity ownership in SAMBA to two Saudi national agencies for social welfare. As a result, 70% of the share capital of SAMBA was held by Saudi nationals and institutions and Citibank retained 30% ownership of the share capital of SAMBA.
