πŸ‡ΈπŸ‡¦ SaudiBizCode 2026
πŸ”
SSIC 641911 activity

National (local) commercial banks

Ψ¨Ω†ΩˆΩƒ Ψͺجارية ΩˆΨ·Ω†ΩŠΨ© (Ω…Ψ­Ω„ΩŠΨ©)

Compliance Risk Score

80/100
  • Verified against GASTAT/Official source
  • Updated for 2026 classification
  • Complete hierarchy structure
  • Nitaqat localization rules mapped
  • GOSI registration status verified

πŸ“Œ Description

SSIC 641911: National (local) commercial banks. Supervised by Saudi Central Bank. Used for company registration, Nitaqat, and licensing in Saudi Arabia.

πŸ“– Description

Commercial banks that are headquartered in the Kingdom and have branches in the Kingdom, and engage in activities (business) to receive money as current or fixed deposits, open current accounts, open credits, issue letters of guarantee, pay and collect cheques or orders or exchange permits and other valuable papers, deduct bonds, bills, other commercial securities, foreign exchange business and other bank business.

Supervisory entity: Saudi Central Bank

Licensing entity: Ministry of Finance

Occupations Related to this Activity

011003 National Guard officer 021003 Warrant Officer of the National Guard 031003 National Guard soldier 242135 Local management advisor 242138 Local management expert 243106 Commercial Specialist

Related Codes

641912 Branches of foreign commercial banks 641932 Technology in Financial Services 641933 Management and Operating cash Centers 641934 The Banking Agencies

When to use this code

🏒
Company Registration

Ministry of Commerce β€” Commercial Registration

🎯
Nitaqat

Saudization quotas by sector via Qiwa

πŸ“‹
Licensing

Permits from supervisory authorities

πŸ“Š
Statistics

National reporting β€” GASTAT

FAQ

What is SSIC code 641911?

SSIC code 641911 corresponds to 'National (local) commercial banks' in the Saudi Standard Industrial Classification (SSIC), based on ISIC Rev.4 and maintained by GASTAT. It is a activity-level code used in business registration and government filings in Saudi Arabia.

When should I use SSIC 641911?

Use SSIC code 641911 when your main business activity is 'National (local) commercial banks'. You will need it for: company registration at the Ministry of Commerce, Nitaqat Saudization compliance, GOSI registration, and statistical reporting.

What Saudization rate applies to SSIC 641911?

Saudization (Nitaqat) rates vary by sector and company size. Check the HRSD/Qiwa platform for the current rate applicable to SSIC code 641911. Rates were updated in 2025-2026 for most sectors.

πŸ“‹ Data Source & Disclaimer

Data source: General Authority for Statistics (GASTAT) β€” SSIC/SSCO 2026 Edition.

This data is cross-checked with Qiwa, HRSD, and ZATCA portals to ensure accuracy for business compliance.

This is an independent, free reference resource. Please verify critical information in official government sources before making legal or licensing decisions.
About Us | Our Sources | Report Error