THE MIDDLE EAST’S
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55. Saudi Investment Bank (SAIB)
Country: Saudi Arabia
Sector: Banks & Financial Services
CEO: Faisal Al-Omran
Market Value: $4.5 billion
Sales: $2.2 billion
Profits: $470 million
Assets: $34.7 billion
SAIB provides commercial, retail, and investment banking services as well as Shariah-compliant banking products and services across 51 branches in Saudi Arabia. SAIB recorded total assets of $34.7 billion in 2023, an increase of 19.2% compared to 2022. The bank’s net profit increased by 16.8% to $470 million. In October 2023, SAIB signed a partnership with Real Madrid CF, becoming its official bank in Saudi Arabia.