Saudi Central Bank: QNB Group wins SAMA approval for $666m digital-first ezbank

QNB Group has received licence approval from the Saudi Central Bank (SAMA) to establish a new digital-first banking entity, ezbank, in partnership with Ajlan & Bros. Holding.

The bank will launch with a capital of SR2.5bn ($666m).

The approval marks a significant milestone for QNB Group’s digital transformation strategy and reflects its commitment to supporting financial inclusion and economic development in Saudi Arabia.

Ezbank in Saudi Arabia

Ezbank is designed to introduce a new model of customer-centric banking, focused on innovation, efficiency and accessibility.

According to QNB Group, the new entity aims to offer a secure, simple and inclusive digital-first banking experience, while providing innovative financial solutions tailored for youth and entrepreneurs.

The initiative aligns with the Kingdom’s broader digital economy ambitions.

Operating across more than 28 countries on three continents, QNB Group said ezbank will build on its international expertise while targeting Saudi Arabia’s growing demand for digital financial services.

The bank will leverage mobile-first platforms, AI-driven tools, and smart risk management systems to make transactions easier, expand access to banking services, and support the digital economy.