The Saudi Investment Bank
Top 50 Banks in The Middle East

Rank: 25

Saudi Investment Bank (SAIB)

Date of Establishment: 1976
Country: Saudi Arabia
CEO: Faisal Abdullah Al-Omran

Sales: $1 billion

Profits: $261 million

Assets: $26.6 billion

Market Value: $3.5 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.