UNDER THE PATRONAGE OF THE CUSTODIAN OF THE TWO HOLY MOSQUES KING SALMAN BIN ABDULAZIZ AL SAUD

The Saudi Investment Bank

The Bank commenced operations in 1977 pursuant to a Royal Decree dated June 22, 1976. In 1983, the Bank adopted the SAIB name and moved into commercial banking. The Al-Asalah Islamic Banking brand, through which the Bank provides Shariah-compliant products and services, was launched in 2006. Islamic principles form the core of all the Bank’s operations and our Shariah Committee ensures adherence to Shariah principles in our product development.

SAIB offers wholesale, retail, and commercial banking products in the Kingdom of Saudi Arabia, both Shariah-compliant and traditional. The Bank also provides its services to the government, quasi-government, corporate, and MSME sectors. Our finance operations offer a range of non-interest-based banking products including Murabaha, Istisna’a, and Ijarah. Our product portfolio also includes several treasury and investment banking products.

Our joint ventures and subsidiaries expand our range of products and services to include investment banking, share trading, asset management, leasing finance, mortgage finance, brokerage services, corporate finance services, and credit card services.

Referring to its strategic partnerships, the Bank has three subsidiary companies, all of which are 100% owned by the Bank:

  • Alistithmar for Financial Securities and Brokerage Company (ICAP): The investment arm of the Bank, which provides brokerage, asset management, investment banking and other services within the Kingdom.
  • The Saudi Real Estate Company: A limited liability company of which the main activity is to hold real estate assets given to the Bank as collateral.
  • SAIB Markets Limited Company: Incorporated in Cayman Islands and trades in derivatives and Repo activities on behalf of the Bank.

In addition, the Bank has investments in the following three associate companies:

  • American Express (Saudi Arabia): Issuing and handling of credit cards and other American Express products in the Kingdom
  • Saudi Orix Leasing Company: Primarily deals in lease financing services
  • Amlak International for Finance and Real Estate Development Company: Offers real estate products and services