Saudi Investment Bank
Saudi Investment Bank (SAIB) is a Saudi Arabian joint stock company. The shareholders of the Bank, include J.P. Morgan Chase, Mizuho Corporate Bank, Industrial Bank of Japan, Saudi public and private institutions as well as Saudi Individuals. SAIB provides a broad range wholesale, retail and commercial banking products and services in addition to investment banking. It offers current and savings accounts, credit cards, investment management, local and international shares, and lending products. The bank also provides Islamic banking according to Shariah law, with such services as Murabaha finance, Istisnaa finance, Ijara finance (leasing) and Murabaha agreement for commodities. SAIB has stakes in Alistithmar Capital (99%), SAIB BNP Paribas (55%), American Express Saudi Arabia (50%) and Orix Saudi Leasing (38%). Saudi Investment Bank was established in 1976 and is headquartered in Riyadh. As of December 31, 2011, Saudi Investment Bank had SR51.95 billion (US$13.85 billion ) in total assets and SR36.77 billion (US$9.8 billion) in customer deposits.
Credit Ratings (2011)
Summary of Balance Sheet (SAR in millions)
Head office address:
16:30-23:00 Monday - Friday (Apr to Oct)
17:30-24:00 Monday - Friday (Nov to Mar)