The_Saudi_Investment_Bank

The Saudi Investment Bank

The Saudi Investment Bank

Add article description


The Saudi Investment Bank (SAIB) (Arabic: البنك السعودي للاستثمار) was established as a Saudi joint stock, pursuant to Royal Decree No. M/31 of 25 Jumada al-Thani, 1396H (corresponding to June 23, 1976) in Saudi Arabia.[2] The bank started operations in March 1977.[citation needed]

Quick Facts Native name, Company type ...

The Saudi Investment Bank has a group of sister companies which are: 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 Saudi Arabia. The Saudi Investment Bank engaged in the financing of quasi-governmental and industrial sectors and trade finance that includes import and export activities. Through its (Asala) program the bank provides Sharia-compliant banking products and services.[3]

See also


References


Share this article:

This article uses material from the Wikipedia article The_Saudi_Investment_Bank, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.