The Saudi Investment Bank (SAIB) ( Arabic: البنك السعودي للاستثمار) was established as a

Saudi Saudi may refer to: * Saudi Arabia * Saudis, people from Saudi Arabia * Saudi culture, the culture of Saudi Arabia * House of Saud The House of Saud ( ar, آل سُعُود, ʾĀl Suʿūd ) is the ruling royal family of Saudi Arabia. It is c ...

joint stock, pursuant to Royal Decree No. M/31 of 25 Jumada al-Thani, 1396 H (corresponding to June 23, 1976) in the

Kingdom of Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Ara ...

. The bank started operations in March 1977. The Saudi Investment Bank has a group of sister companies which are:

American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...

, 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

the Kingdom of Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab ...

. The Saudi Investment Bank engaged in the financing of quasi-governmental and industrial sectors and trade finance that includes

import An import is the receiving country in an export from the sending country. Importation and exportation are the defining financial transactions of international trade. In international trade, the importation and exportation of goods are limited ...

and export activities. Through its (Asala) program the bank provides

Sharia Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the H ...

-compliant banking products and services.«السعودي للاستثمار» يطور منتجات الأصالة لحلول الأعمال
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References

{{reflist, 30em Banks of Saudi Arabia 1976 establishments in Saudi Arabia Banks established in 1976

See also

References