QNB Group Receives Saudi Central Bank Licence Approval for New Digital Bank – Ezbank

QNB Group, the largest financial institution in the Middle East and Africa, has announced licence approval has been received for a digital-first banking entity - ezbank, from the Saudi Central Bank (SAMA) in cooperation with Ajlan & Bros Holding, with a capital of SR2.5bn.

This milestone, in cooperation with Ajlan & Bros Holding, reflects a commitment to supporting QNB Group’s vision for financial inclusion and digital transformation, as well as the broader economic development strategy.

With ezbank, the goal is to introduce a new model of customer-centric banking built around innovation, efficiency, and accessibility.

The licence approval for ezbank is an important step in QNB Group’s ongoing efforts to transform the banking sector in the markets in which it operates, across 28 countries in three continents.

The entity aims to offer a digital-first banking experience that is simple, inclusive, and secure, and to provide innovative solutions for the youth and entrepreneurs.

The bank will use mobile-first platforms, AI-driven tools, and smart risk management to make transactions easier, increase access, and support digital economy.