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Samba Joins Sadad




Samba linked its system to Sadad on the 15th of March 2005; and now all of the bank’s accounts holders can use its banking channels to pay bills through SADAD (and non-account holders will be able to pay through branches and Cash Acceptance Machines). SADAD would like to congratulate the bank on it successful efforts and having a very skillful and professional integration team.

SADAD was established by the Saudi Arabian Monetary Agency (SAMA) to be the national Electronic Bill Presentment and Payment (EBPP) service provider for the Kingdom of Saudi Arabia (KSA). The core mandate for SADAD is to facilitate and streamline bill payment transactions of end consumers through all channels of the Kingdom’s Banks. SADAD aims to link all the banks and billers in the Kingdom in the near future.

Samba Financial Group was formed (February 12, 1980) to take over the then existing branches of Citibank, N.A. in Riyadh and Jeddah. 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.