Summary
The Saudi Investment Bank provides commercial and retail banking services to individuals and small to medium-sized businesses, and corporate and institutional customers in the Kingdom of Saudi Arabia. The company operates through Retail Banking, Corporate Banking, Treasury and Investments, and Asset Management and Brokerage segments. It offers current, salary, Murabaha, and escrow accounts; time deposits; and working capital, Shariah compliant, contract and project, real estate development, home and personal, secured, trade, and syndicated financing solutions. The company also engages in the provision of money market and international trade services; and dealing, managing, advising, and custody of securities. In addition, it offers structured products; liquidity management, foreign exchange, treasury and investment, trade and business finance, secured finance, and cash management services; marine cargo insurance services; debit, prepaid, and credit cards; internet and phone banking; and payroll services, as well as payment and transfer, and ATM/cash deposit services. As of December 31, 2020, it operated 52 branches; 368 ATMs; and 9,800 point of sale (POS) terminals. The Saudi Investment Bank was founded in 1976 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
History
The Saudi Investment Bank was established as a full-service commercial bank in 1999 and began operations in 2000. It has since grown to become one of the largest banks in Saudi Arabia and is a leader in the Saudi banking sector, boasting a network of more than 98 branches and 500 ATMs across the country. SAIB is listed on the Saudi Stock Exchange (Tadawul) and has been rated A1 by Standard & Poor’s.
Mission
To provide world-class banking services, tailored to our customers’ individual needs and expectations. We are committed to our customers and believe in building long-term relationships, offering a wide range of products and services to ensure their financial success.
Vision
To be the most trusted and competent financial institution in the Kingdom, offering innovative and comprehensive financial services.
Key Team
Mr. Naif Al-Hammad (Treasurer & Chief Investment Officer)
Mr. Badr Ahmed Allaf (Chief Compliance Officer)
Ms. Monirah Saleh AlSwaydani (Acting Chief HR Officer & Chief Corp. Governance Officer and Board Sec.)
Mr. Salman Badar Al-Fughom (Deputy Chief Exec. Officer)
Mr. Mansour Mohammed Al Obaikan (Chief Risk Officer)
Mr. Rakan Khaled Al-Musa (Chief Internal Auditor)
Recognition and Awards
SAIB has earned a number of awards for its services, including the “Best Bank in Saudi Arabia” award by Global Finance in 2020, the “Best Bank in Saudi Arabia” award by Euromoney in 2019, and the “Best Corporate Bank in Saudi Arabia” award by The Asset in 2018.
References
Saudi Arabia 
