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 Saudi Arabia.[2] The bank started operations in March 1977.[citation needed]
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Native name | البنك السعودي للاستثمار |
|---|---|
| Company type | Saudi Joint-stock Company |
| ISIN | SA0007879063  |
| Industry | Banking Financial services |
| Founded | June 23, 1976 in Riyadh, Saudi Arabia |
| Headquarters | , |
Number of locations | 52 (2018) |
Area served | Regions of Saudi Arabia |
| Products | Personal Banking, Treasury and Investment Group, and SME and Corporate Banking |
| Services | Financing |
| SAR 359.9 million (around US$96.0 million)[1] ((end of March 2019)) | |
| Total assets | 100,814,596,000 Saudi riyal (2019) |
| Owners | Public Pension Agency, General Organization for Social Insurance, The Saudi Investment Bank |
| Subsidiaries | Alistithmar For Financial Securities and Brokerage Company, The Saudi Investment Real Estate Company, The Saudi Investment First Company, SAIB Markets Limited Company |
| Website | The Saudi Investment Bank |
The Saudi Investment Bank has a group of sister companies which are: Saudi Orix Leasing, and Amlak Global Finance and Real Estate Development. The bank operates through a 52 branch network as at the 2019, including 10 ladies branches distributed throughout 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]
