The Saudi Investment Bank

The Saudi Investment Bank
Saudi Joint-stock Company
Industry Banking and Financial Services
Founded June 23, 1976 (1976-06-23) in Riyadh, Saudi Arabia
Headquarters Riyadh, Saudi Arabia
Number of locations
 48 (2015)
Area served
 Regions of Saudi Arabia
Products Retail Banking
Services Financing
SAR321.4 million (around US$85.7 million) [1] (end of June 2016)
Owners Public Pension Agency, General Organization for Social Insurance, Saudi Oger Limited, JP Morgan International Finance Company, National Commercial Bank, Hasana Investment Company
Subsidiaries Investment Co. for Securities and Brokerage, Saudi Investment Real Estate, First Investment Co. Ltd., MEDGULF Insurance
Website The Saudi Investment Bank

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.

Branches

The bank operates through a 48 branch network as at the end of 2015, including 12 women's branches distributed throughout the Kingdom of Saudi Arabia.

Activities

The Saudi Investment Bank provides a full range of commercial banking services to companies and individuals. It is also 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]

Divisions and services

The bank's activities spread over three major business divisions: Retail banking, Corporate banking, and Treasury.

Retail Banking

  • ASEEL Discount Offers.
  • Salary Account.[4]
  • Call Account: Current account, saving account, and call account.
  • Personal Finance:
    • Arzaq Murabaha Finance.[5]
    • Car Murabaha Finance.[6]
    • Shares Murabaha Finance.[7]
    • Al ASALAH Murabaha Home Finance.[8]
    • Murabaha Deposit.[9]
    • Deposits.
  • Services:
  • Banking Services:
    • E-Banking Services.
    • Flexx Call Phone Banking.
    • SMS Banking.
    • Alerts Service.
    • ATM Services.[13]
    • Government Fees Service.[14]
  • Exclusive Programs
    • Platinum Program.
    • Gold Program.
    • Ladies Section.
  • Loyalty Programs
    • Aseel Program.
    • WooW Program.

Corporate Banking

Treasury and Investment Group

  • Treasury Services.[16]

Board of directors

Sharia Board

  • Dr. Mohammed Ali bin Ibrahim Elgeri, Chairman of the Sharia Board.
  • Dr. Fahd bin Nafel Al-Sugayer.
  • Dr. Abdul Aziz bin Ahmed al-Muzaini.[18]

Awards and achievements

17/05/2017 Alfaisal University Award 2017 For Corporate Governance best practices[19]
24/10/2016The King Abdulaziz Quality Award for 2016[20]
14/04/2016Saudi Investment Bank obtains “Best Loyalty Program” Award for 2016[21]
10/10/2015Emir of Riyadh honors Saudi Investment Bank among the most popular 100 brands[22]
24/11/2015Saudi Investment Bank achieves second place of King Khalid Competitive Responsibility Award[23]
03/12/2015The Saudi Investment Bank wins Best Sustainable Environmental Practices Award[24]
19/06/2015The Saudi Investment Bank, Best Loyalty Program Award for 2015[25]
18/05/2015Saudi Investment Bank wins Employment Award of the Women's Branch of the Institute of Public Administration[26]
08/05/2015Governor of the Eastern region honors "The Saudi Investment Bank" for Sponsoring the third East Coast Festival[27]
22/06/2015"Visa International" grants Excellence Award to Saudi Investment Bank[28]
01/12/2014Saudi Investment Bank wins King Khalid Award for "Responsible Competitiveness"[29]
24/11/2014The Saudi Investment Bank obtains Governance Award[30]
08/09/2014Saudi Investment Bank wins “Best Work Environment Award”[31]
24/04/2014The Saudi Investment Bank obtains Social Responsibility Excellence Award[32]

References

  1. ↑ أرباح “البنك السعودي للاستثمار” تنخفض 16% في الربع الثاني
  2. ↑ MUBASHER | SAIB Company Profile
  3. ↑ «السعودي للاستثمار» يطور منتجات الأصالة لحلول الأعمال
  4. ↑ The Saudi Investment Bank | Salary Account
  5. ↑ The Saudi Investment Bank | Arzaq Murabaha Finance
  6. ↑ The Saudi Investment Bank | Car Murabaha Finance
  7. ↑ The Saudi Investment Bank | Shares Murabaha Finance
  8. ↑ The Saudi Investment Bank | Al ASALAH Murabaha Home Finance
  9. ↑ The Saudi Investment Bank | Murabaha Deposit
  10. ↑ The Saudi Investment Bank | Investment Services
  11. ↑ The Saudi Investment Bank | SADAD Service
  12. ↑ The Saudi Investment Bank | SARIE Service
  13. ↑ The Saudi Investment Bank | E-Banking Services
  14. ↑ The Saudi Investment Bank | Government Fees Service
  15. ↑ The Saudi Investment Bank | Corporate Services
  16. ↑ The Saudi Investment Bank | Treasury and Investment Group
  17. ↑ SAIB names new Chairman
  18. ↑ The Saudi Investment Bank | Shariah Committee
  19. ↑ "AlFaisal University | First Annual Corporate Governance Conference".
  20. ↑ البنك السعودي للاستثمار يحصد جائزة الملك عبدالعزيز للجودة
  21. ↑ البنك السعودي للاستثمار يحصد جائزة أفضل برنامج ولاء للعام 2016
  22. ↑ أمير الرياض يكرم البنك السعودي للاستثمار ضمن أكثر 100 علامة تجارية رواجاً
  23. ↑ «السعودي للاستثمار» يحقق المركز الثاني في جائزة الملك خالد للتنافسية المسؤولة
  24. ↑ King Khalid awards go to development projects
  25. ↑ البنك السعودي للإستثمار يفوز بجائزة أفضل برنامج للولاء لعام 2015
  26. ↑ الفرع النسائي لمعهد الإدارة العامة يمنح جائزة التوظيف للبنك السعودي للاستثمار
  27. ↑ أمير المنطقة الشرقية يكرّم «السعودي للاستثمار» لرعايته حفل مهرجان الساحل الشرقي الثالث
  28. ↑ "فيزا إنترناشيونال" تمنح البنك السعودي للاستثمار جائزة التميز
  29. ↑ البنك السعودي للاستثمار يفوز بجائزة الملك خالد ل«التنافسية المسؤولة»
  30. ↑ البنك السعودي للاستثمار يتوج بجائزة الحوكمة
  31. ↑ البنك السعودي للاستثمار يفوز بجائزة "أفضل بيئة عمل"
  32. ↑ البنك السعودي للاستثمار يحصل على جائزة التميز للمسؤولية الاجتماعية
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