As part of D&B’s commitment in enhancing the availability of information on Saudi Arabian’s economy, D&B has launched the first Business Optimism Index on Saudi Arabia in partnership with the National Commercial Bank. D&B’s Business Optimism Index is a measure of business confidence in an economy, which is measured on a quarterly basis. The survey is conducted amongst a sample of the country’s business community, representing key sectors of the country’s economy.
The Business Optimism Index for Saudi Arabia measures the optimism in the Saudi business community, gauge their expectations and measure how this relates to the current economic environment in Saudi Arabia, regionally and globally.
About Our Partners:
National Commercial Bank
The National Commercial Bank was the first Saudi bank to be licensed in the Kingdom. It is considered the largest in the Saudi Arabia and a leading financial institution in the Region. The Bank initiated its business under the name of “The National Commercial Bank” following the Royal Decree on 20 Rabi Thani 1373H (26 December 1953).
The Bank’s paid-up capital is SR 20,000 million (US$ 5,333 million). NCB has one of the largest branch networks in Saudi Arabia. At year-end 2014, the Bank operated 342 branches throughout the Kingdom, dedicated exclusively to Islamic Banking services. NCB is considered from among the first Saudi companies that implemented the principle of Corporate Governance and the first bank in Saudi Arabia to receive International Certification on Business Continuity Management.
The Bank also maintained its leadership in corporate social responsibility. A number of new programs were launched to enhance NCB’s strategic partnerships and geographic coverage. Various initiatives included job opportunity programs that provided entrepreneurs with knowledge, support, and benevolent loans.