Saudi Arabia’s Banks, ATMs, and Financial Institutions Data | A Guide for Data-Driven Business Decisions

February 23, 2024
13 mins read
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Saudi Arabia, a nation known for its vibrant economy and advanced infrastructure, is opening new avenues for businesses with the rise of technological advancements. Key among these is the growing influence of vital tools like geospatial insights, for businesses to make decisions based on data, and not just intuition. This article is your definitive guide to all things banking and finance in Saudi Arabia, seen through the lens of geospatial intelligence. It will shed light on the landscape of banks, ATMs, and other financial institutions spread across the country, providing invaluable data that can help you strategize your next business move.

The only source of knowledge is experience. Using geospatial data, businesses can gain the experience of understanding the terrain without physically being everywhere.

Be it identifying the ATM with the least congestion, understanding where your competitors are stationed, or mapping out where your potential customers dwell, geospatial insights is an asset for making informed, data-driven decisions. This guide prides itself on transforming how businesses view and interact with their banking and financial partners in Saudi Arabia. So, let's set out on this journey together and elevate your understanding of the Saudi Arabian banking and financial sector. Welcome aboard!

An Overview of Saudi Arabia's Banks

Let's now delve deeper into the financial landscape, focusing specifically on the dominant players – the banks. As you traverse the business terrain in Saudi Arabia, the role of banks is undeniably crucial. They serve as the lifeblood of economic activity, providing necessary financial services to both individuals and businesses. This comprehensive map of the banking landscape will empower you with insights, equipping you to navigate your financial decisions with precision and confidence.

The Dominant Banks

Consider the leading banks of Saudi Arabia: National Commercial Bank (NCB), Al Rajhi Bank, Samba Financial Group, and Riyad Bank, among others. Each of these institutions carries a distinct weight in the economy, offering diverse services spanning commercial, retail, and investment banking.  

The Distribution of Atms

Moving on to ATMs, did you know that there are over 18,000 ATM machines scattered across Saudi Arabia? NCB and Al Rajhi Bank alone account for approximately 6,000. Recognizing the distribution and accessibility of these ATMs can play a crucial part in practical business operations, from managing cash flow to facilitating customer transactions.

Non-bank Financial Institutions

And then, there are the non-bank financial institutions that, too, play a pivotal role in shaping the kingdom's financial landscape. These include insurance companies, financing and leasing companies, financial advisory firms, and securities dealers. A deep understanding of these financial institutions can support you in exploring diverse funding sources, managing risks, and making sound investment decisions.

Provincial Distribution of KSA Banks, Atms & Financial Institutions

As you journey through Saudi Arabia's financial sector, it's essential to understand that the distribution of banks, ATMs and financial institutions isn't evenly spread across the provinces. The financial landscape greatly varies from one region to another in terms of numbers and diversity. Let's dive deeper into these geographical distributions.


Home to the capital of the Kingdom, Riyadh province is a major financial hub. It houses the headquarters of prominent banks and boasts a significant number of ATMs and financial institutions. Cities like Riyadh and Buraidah feature hundreds of ATMs, providing you with easy access to banking services. Moreover, non-bank financial institutions, like insurance agencies and investment firms, are also densely located here.

Eastern Province

No less significant is the Eastern Province, which is seeing a rapid expansion of its financial services sector. Cities such as Dammam and Khobar are reinforcing their banking networks, with ATM machines conveniently located in malls, supermarkets, and main streets. There's also an increased presence of non-bank institutions, mainly involved in asset management and trading services.

Makkah and Madinah

In the historical and religious cities of Makkah and Madinah, the banking sector masterfully combines tradition with modernity. Here, several Islamic banks operate alongside multinational banks, providing a wide range of services. Similarly, the distribution of ATMs is considerate of the high influx of religious tourists, ensuring that banking convenience is comprehensively available.

Traffic Trends of KSA's Banks, ATMs, and Financial Institutions

Before diving into the crux of traffic trends in Saudi Arabia's Banks, ATMs, and financial institutions, let's make sure we understand why this data matters. Traffic data helps us understand the frequency, timing, and patterns of use of these services which can provide us with valuable insights. Basing decisions on this data can assist businesses to optimise operations and develop data-driven strategies.

The data reveals that a significant portion of banking traffic occurs during regular weekday business hours, peaking between 10 AM and 2 PM. This isn't simply a matter of convenience; it’s a clear sign that banks still play a crucial role in facilitating business transactions during traditional work hours. By contrast, ATM traffic demonstrates a more evenly distributed pattern, with peaks typically occurring during weekend evenings. This could be a reflection of personal banking needs which become a priority when customers have leisure time at their disposal.

DayBanking Traffic Peak HoursATM Traffic Peak HoursWeekdays10 AM - 2 PMUniform DistributionWeekendLow TrafficEvening

The data presented in the table were gathered from reliable resources, including Saudi Arabian Monetary Authority (SAMA), The Saudi Banks, and multiple recent financial surveys.

Financial institutions unrelated to banking tend to see their highest traffic midweek, on Wednesdays and Thursdays. As companies that offer alternative or specialized financial services, their traffic trend may indicate a strategic scheduling of financial planning activities by the Saudi population.

Key Benefits of Leveraging Banks, Atms & Financial Institutions Data in KSA

Infusing data into your business decision-making process can propel your venture to new heights. Scanning Saudi Arabia's banking and financial landscape can offer businesses unique perspectives to shape their strategies, ensuring robustness and resilience. From business expansion to product innovation, the benefits of leveraging this data are multi-fold.

Strategic Business Expansion

Geospatial insights can guide your business in identifying potentially profitable regions for expansion. By analyzing the density and distribution of banks, ATMs, and financial institutions across various provinces, you can pinpoint the areas with the highest potential customer base, aligning your establishments accordingly.

Maximizing Operational Efficiency

Understanding the patterns in traffic data at banking facilities across the Kingdom can help streamline operations. Tooling your workforce, adjusting your service hours or even identifying peak times for various services, such analytics can lead to improved organizational performance and customer satisfaction.

Product Innovation and Optimization

Data insights from banking and financial institutions can be a source of inspiration for product innovation or optimization. If a particular product or service is more popular in certain regions or with specific demographics, similar concepts could be leveraged in your product lineup, catering more effectively to customer demands.

Competitor Analysis and Market Understanding

Another notable advantage of embracing this data is the competitive edge it offers. Such insights allow for a deep understanding of the market, creating a clearer picture of your competitors’ stronghold areas and potential areas of opportunity for your business. This could steer not just your marketing plans, but also inform your business tactics and wider strategy.

Best Practices for utilizing Banks, Atms & Financial Institutions Data for Decision Making

Unlocking the true potential of geospatial insights into the banking and financial sector requires a calculated and structured approach. Here, we shed light on practices you should consider to leverage this data effectively within your organization, enabling data-driven decision making.

Establishing a Dedicated Data Team

The first step to harnessing the power of geospatial banking data is having a dedicated team of data analysts. This team's core focus is to decode the raw data, interpret the patterns and trends, and translate these into actionable insights. They should possess a deep understanding of the banking sector, coupled with a strong handle on data analysis tools and techniques.

Integrating Data with Existing Systems

For a seamless flow of insights, it's crucial to integrate the data with your existing management information systems. This ensures decision-makers have direct access to updated, accurate data, letting them make informed decisions quickly and confidently.

Regular Training and Upgrades

Data analysis and interpretation is a dynamic field, with new methodologies and tech advancements surfacing regularly. Keep your team updated by conducting regular training sessions to ensure they're equipped with the latest knowledge and tools, thus maintaining a high level of competency.

Developing a Clear Data Strategy

While it's important to have data, it’s crucial to have a clear strategy governing its use. Decide on key performance indicators, set clear goals, and identify key decision points where data can make a difference. This creates a blueprint for how data should be generated, analyzed, and used across the organization.

Embracing Predictive Analysis and Modelling

Geospatial insights offer a huge potential for predictive analysis and modelling. This can help you forecast future trends, mitigate risks, and make proactive business moves. Developing a competency in these sophisticated techniques can give your business a competitive edge.


As we delve deeper into the landscape of Saudi Arabia's banks, ATMs, and financial institutions, a clear picture emerges - the astounding concentration and dispersion these critical entities present, offer dynamic opportunities for businesses to innovate, optimize, and grow strategically. Utilizing the wealth of geospatial data available can streamline decision-making processes, enhance operational efficiency, and provide comprehensive understanding of market competitors.

Where xMap data as a resource steps into the spotlight?

  • Unfathomable richness: With valuable insights right down to the provincial level, xMap data provides businesses with a wealth of knowledge of the Saudi Arabian financial landscape.
  • Precision That Matters: Beyond the broad strokes, xMap data pinpoints the precise locations of banks, ATMs, and financial institutions - which proves to be invaluable for physical expansions.
  • Real-Time Data: By offering up-to-date traffic data, xMap allows businesses to understand where customers are and how they’re using their financial resources.
  • Unraveling Potential: With a helper like xMap, businesses can unleash the true potential of data, helping them stay ahead in the competition, innovate proactively, and predict future trends.

To obtain a free sample of our Saudi Arabia's banks, ATMs, and financial institutions dataset, send us an email —

Or visit our catalog page.

If you’d like to data samples for other countries like Egypt, USA, Switzerland, Japa, Turkey, UAE, and others, please visit our platform and sign up.

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