The Saudi Investment Bank

The Saudi Investment Bank

Type	Saudi Joint-stock Company
ISIN	SA0007879063
Industry	Banking Financial services
Founded	June 23, 1976; 45 years ago (1976-06-23) in Riyadh, Saudi Arabia
Headquarters	Riyadh , Saudi Arabia
Number of locations	52 (2018)
Area served	Regions of Saudi Arabia
Products	, , and SME and Corporate Banking
Services	Financing
Net income	SAR 359.9 million (around US$96.0 million)[1] ((end of March 2019))
Total assets	100,814,596,000 Saudi riyal (2019)
Owners	, General Organization for Social Insurance, The Saudi Investment Bank
Subsidiaries	, , ,
Website	The Saudi Investment Bank

The Saudi Investment Bank (SAIB) (Arabic: البنك السعودي للاستثمار) was established as a Saudi joint stock, pursuant to Royal Decree No. M/31 of 25 Jumada al-Thani, 1396H (corresponding to June 23, 1976) in the Kingdom of Saudi Arabia.^[2] The bank started operations in March 1977.

The Saudi Investment Bank has a group of sister companies which are: American Express, , and . The bank operates through a 52 branch network as at the 2019, including 10 ladies branches distributed throughout the Kingdom of Saudi Arabia. The Saudi Investment Bank engaged in the financing of quasi-governmental and industrial sectors and trade finance that includes import and export activities. Through its (Asala) program the bank provides Sharia-compliant banking products and services.^[3]

See also[]

• List of banks in Saudi Arabia

References[]