THE MIDDLE EAST’S

53. The Saudi Investment Bank (SAIB)

Country: Saudi Arabia
Sector: Banks & Financial Services
CEO: Faisal Al-Omran
Market Value: $5 billion
Sales: $2.6 billion
Profits: $522 million
Assets: $41.8 billion

SAIB serves 942,000 customers through 50 branches in Saudi Arabia. In November 2024, SAIB issued a $750 million USD-denominated additional tier 1 capital sustainable Sukuk. The bank's venture creation platform, SAIB Venture Studio, became operational in 2024 with its first product, the SAIB Travel App. The bank is 25.6% owned by the General Organization for Social Insurance.