Founded under Royal Decree in June 1976, SAIB began operations in March 1977 and operates as a Saudi joint-stock company regulated by the Saudi Central Bank (SAMA). Based in Riyadh with branches across the Kingdom, the bank serves a diverse clientele, including individuals, corporations, and government entities. With a paid-up capital of SAR 12.5 billion, SAIB is publicly listed and backed by shareholders such as the General Organization for Social Insurance and the Public Pension Agency.
SAIB delivers a broad range of financial solutions, including:
Retail, commercial, and wholesale banking
Shariah-compliant offerings under its “Alasalah” brand
Trade financing, leasing, asset management, investment banking, mortgage finance, and insurance services
Provided via subsidiaries such as Alistithmar Capital, AMEX (Saudi Arabia), Saudi Orix Leasing, and Amlak International
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The company has not participated in any projects.
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ACWA Power and Saudi Electricity Company (SEC), in collaboration with Korea Electric Power Corporation (KEPCO), have announced the Financial Close for the Rumah 1 and Nairyah 1 IPP projects, with a to...
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