Company Insights The Saudi Investment Bank 1030 Banking & Finance The Saudi Investment Bank Overview The Saudi Investment Bank (SAIB) was established as a Saudi joint-stock company on June 23, 1976. The bank began operations in March 1977. SAIB has sister companies including Saudi Orix Leasing, Amlak Global Finance and Real Estate Development. SAIB provides trade finance services, including import and export activities, as well as offering sharia-compliant banking products and services through its Asala programme. It operates a network of 52 branches, including 10 dedicated women’s branches, across Saudi Arabia. In June of 2024, the Saudi Investment Bank introduced the “Travel Account” in partnership with Saudia’s AlFursan loyalty programme. The Travel Account allows users to earn reward miles based on their average balance, which can be redeemed through the bank’s app. Alistithmar Cap, Asset Management Arm, Saib Markets Limited Company, Saib Markets Limited Company and The Saudi Investment First Company are among SAIB’s subsidiaries. Shareholders include the General Organisation for Social Insurance, the Public Pension Agency, and other Saudi public and private institutions as well as Saudi individuals. The Saudi Investment Bank News Banking & Finance STC digital banking given go-ahead to open in Saudi Arabia STC Bank, a digital lender launched by Saudi Arabia’s biggest telecoms company, will commence operations in Saudi Arabia after receiving authorisation from the Saudi Central Bank (Sama). In an announcement published on the Saudi Exchange on Wednesday morning, STC Group (Saudi Telecoms Company) said that STC Bank’s launch “represents a significant milestone in the kingdom’s […] January 29, 2025 Real Estate Foreign companies push up cost of Riyadh’s scarce office space Rental rates in Riyadh’s office sector rose by up to 36 percent in the first quarter of this year as a result of increased demand from foreign companies and occupancy rates approaching 100 percent. Three quarters of all enquiries for office space directed to the real estate company Savills in the first three months of […] May 20, 2024 Finance $290m fund set up to develop Riyadh business park A $290 million fund has been set up in Saudi Arabia to develop a new business park in Riyadh as the city struggles to meet growing demand. Ezdihar Real Estate Development Company and Al-Istithmar Securities and Brokerage Company, the investment arm of the Saudi Investment Bank, said the fund will focus on a 103,000 sq […] April 30, 2024 Video length: 07:03 VIDEO Giga-projects Neom secures $2.7bn as minister admits ‘adjustments’ Saudi Arabia’s $500 billion giga-project Neom has secured new funding as the kingdom’s officials admit some of its Vision 2030 projects may have to be scaled back. The SAR10 billion ($2.7 billion) revolving credit facility, obtained from nine Saudi-listed banks, will support short-term financing requirements for projects such as Trojena, The Line, and Oxagon, Neom said […] April 29, 2024 Posts navigation
Banking & Finance STC digital banking given go-ahead to open in Saudi Arabia STC Bank, a digital lender launched by Saudi Arabia’s biggest telecoms company, will commence operations in Saudi Arabia after receiving authorisation from the Saudi Central Bank (Sama). In an announcement published on the Saudi Exchange on Wednesday morning, STC Group (Saudi Telecoms Company) said that STC Bank’s launch “represents a significant milestone in the kingdom’s […] January 29, 2025
Real Estate Foreign companies push up cost of Riyadh’s scarce office space Rental rates in Riyadh’s office sector rose by up to 36 percent in the first quarter of this year as a result of increased demand from foreign companies and occupancy rates approaching 100 percent. Three quarters of all enquiries for office space directed to the real estate company Savills in the first three months of […] May 20, 2024
Finance $290m fund set up to develop Riyadh business park A $290 million fund has been set up in Saudi Arabia to develop a new business park in Riyadh as the city struggles to meet growing demand. Ezdihar Real Estate Development Company and Al-Istithmar Securities and Brokerage Company, the investment arm of the Saudi Investment Bank, said the fund will focus on a 103,000 sq […] April 30, 2024
Video length: 07:03 VIDEO Giga-projects Neom secures $2.7bn as minister admits ‘adjustments’ Saudi Arabia’s $500 billion giga-project Neom has secured new funding as the kingdom’s officials admit some of its Vision 2030 projects may have to be scaled back. The SAR10 billion ($2.7 billion) revolving credit facility, obtained from nine Saudi-listed banks, will support short-term financing requirements for projects such as Trojena, The Line, and Oxagon, Neom said […] April 29, 2024
