SR.No: 39
Saudi Investment Bank
Sector: Banks & Financial Services
Date of Establishment: 1976
Country: Saudi Arabia
CEO: Faisal Abdullah Al-Omran
Sales: $1 billion
Profits: $261 million
Assets: $26.6 billion
Market Value: $3.7 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.