Housed in a landmark historical building in Riyadh, Fenaa Alawwal (FAA) is a cultural center that offers a space for community building and cultural exchange. Bringing together a diverse community of creative thinkers, and offering a wide array of cultural programming ranging from art exhibitions to panels and workshops, FAA seeks to become a unique cultural and creative hub that inspires cross-cultural exchange and dialogue.
The Story of Fenaa Alawwal
Fenaa Alawwal is located in the Diplomatic Quarter in Riyadh, in the historical building of Alawwal Bank. Formerly known as the Saudi Hollandi Bank, Alawwal was the first commercial bank to operate in the Kingdom of Saudi Arabia (al-awwal meaning first in Arabic).
The bank was established in 1926 in Jeddah as a branch of the Netherlands Trading Society to serve the financial needs of more than 52,000 pilgrims from the Dutch East Indies (present-day Indonesia).As it was the only bank in the Kingdom at the time, it held the Kingdom’s gold reserves, and received oil revenues on behalf of the government of Saudi Arabia.
In 1928, based on the request of the founding King Abdul Aziz - may God rest his soul in peace-, Alawwal Bank provided advisory services to the government for the issuing of the Arab silver riyal, the first local currency that replaced the Ottoman riyal. Then new silver riyals were issued bearing the name of the Kingdom of Saudi Arabia after the country’s unification in 1932.
Alawwal Bank’s Riyadh building was built in 1988 by Omrania architecture company as part of the bank’s expanding operations in the Kingdom. The distinctive building is a landmark in the Diplomatic Quarter. It is a reinforced concrete cylindrical structure with a dominant, square shaped canopy structure, decorated with a geometrically patterned, relief motif in the traditional Najd style, representing the corporate image the bank wished to project.