Saudi Investment Bank
According to Royal Decree No. M/31 issued by the Kingdom of Saudi Arabia on June 23, 1976 (equivalent to 25 Jumada al-Thani, 1396 H), the Saudi Investment Bank (SAIB) was founded as a Saudi joint stock company. The operation of the bank began in March 1977.
Amlak Global Finance and Real Estate Development, Saudi Orix Leasing, and American Express are a group of sister companies that make up the Saudi Investment Bank. As of 2019, the bank had a 52-branch network, including 10 ladies-only branches spread around the Kingdom of Saudi Arabia. The Saudi Investment Bank participated in trade finance, which covers import and export operations as well as the financing of industrial and quasi-governmental sectors. The bank offers banking services and products that adhere to Sharia law through its Asala program.
Saudi Investment Bank's market capitalization as of April 2023 is $4.49 billion. Saudi Investment Bank is now the 2535th-most valuable corporation in the world, according to market valuation. The most recent financial reports from Saudi Investment Bank indicate that the company's current revenue (TTM) is $0.87 billion. The company's revenue in 2021 was $0.73 billion, down from $0.75 billion in 2020.
Founded: June 23, 1976
Headquarters: Riyadh, Saudi Arabia
Website: https://www.saib.com.sa
