Sector: Banks & Financial Services
Date of Establishment: 1976
CEO: Faisal Abdullah Al-Omran
Market Value: $3.7 billion
SAIB offers Shariah-compliant and traditional products across Saudi Arabia, with 85% of its transactions occurring through digital and mobile banking. In 2020, SAIB recorded profit of $261.2 million, compared to $63.8 million in 2019. In May 2021, the bank signed a strategic partnership agreement with the King Faisal University.