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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 the Kingdom of Saudi Arabia.[2] The bank started operations in March 1977.
The Saudi Investment Bank has a group of sister companies which are: American Express, 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 the Kingdom of 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]
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