 The shares offered were part of the shareholding of a majority shareholder of the bank.The IPO was approved by the regulatory authorities and the subscription for the IPO took place between 19 October 2014 and 2 November 2014, and the Bank's shares have been trading on Saudi Stock Exchange (Tadawul) since 12 November 2014.In May 2018, Faisal Omar Alsaggaf was appointed chief executive office (CEO) of National Commercial Bank.