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The Saudi Investment Bank

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The Saudi Investment Bank
Native name
البنك السعودي للاستثمار
Company typeSaudi Joint-stock Company
ISINSA0007879063 Edit this on Wikidata
IndustryBanking
Financial services
FoundedJune 23, 1976; 48 years ago (1976-06-23) in Riyadh, Saudi Arabia
Headquarters,
Number of locations
52 (2018)
Area served
Regions of Saudi Arabia
ProductsPersonal Banking, Treasury and Investment Group, and SME and Corporate Banking
ServicesFinancing
SAR 359.9 million (around US$96.0 million)[1] ((end of March 2019))
Total assets100,814,596,000 Saudi riyal (2019) Edit this on Wikidata
OwnersPublic Pension Agency, General Organization for Social Insurance, The Saudi Investment Bank
SubsidiariesAlistithmar For Financial Securities and Brokerage Company, The Saudi Investment Real Estate Company, The Saudi Investment First Company, SAIB Markets Limited Company
WebsiteThe 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 Saudi Arabia.[2] The bank started operations in March 1977.[citation needed]

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]

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