What The Saudi Investment Bank does

The Saudi Investment Bank (SAIB) is a publicly traded Saudi joint-stock bank established by Royal Decree No. M/31 in June 1976 and operating since March 1977, headquartered in Riyadh with stock ticker TADAWUL:1030 and SAR 12.5 billion in paid-up capital. SAIB operates exclusively within Saudi Arabia under Saudi Central Bank (SAMA) supervision and offers a full-service Sharia-compliant banking platform — murabaha, ijara, istisna, mudaraba — spanning retail banking (accounts, personal and home financing, cards, travel products), corporate banking (working capital, contract and syndicated financing, trade finance, treasury), SME banking (including Kafalah-guaranteed facilities), private banking (Silver, Gold, Platinum, and Private tiers), and wealth management through its wholly-owned subsidiary Alistithmar Capital. Its distribution model combines 25+ branches covering all five Saudi regions with a layered digital banking suite branded under the Flexx family (Flexx Click internet banking, Flexx Touch mobile app, Flexx Call phone banking, Flexx Transfer, and Flexx Business for corporate cash management), supported by an ATM network, open banking APIs, and mobile wallet integrations (Apple Pay, Google Pay).

Revenue is generated through net profit income from Sharia-compliant financing activities, transaction fees and commissions on trade finance, FX, cards, and wire transfers, fee-based wealth management and brokerage via Alistithmar Capital, insurance intermediation through associate MedGulf, and treasury/FX income from the Treasury and Investment Group. The bank operates a hybrid go-to-market: physical branches for relationship-driven corporate, SME, and HNW segments; self-serve digital channels for retail; and partnerships with specialized subsidiaries (Amlak International for real estate finance, Yanal Finance for SME leasing, American Express Saudi Arabia as a 50-50 JV for premium cards). Major institutional shareholders — the General Organisation for Social Insurance (GOSI) and the Public Pension Agency — anchor the ownership base alongside Saudi public and private institutions. The bank reports a 5.82% dividend yield with a 55.7% payout ratio and 18.2% annual earnings growth over five years, with disclosed revenue and net income both more than doubling from 2021 to 2025.

Name

The Saudi Investment Bank

Legal name

The Saudi Investment Bank

Website

https://saib.com.sa

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Saudi Investment Bank (SAIB) is a Riyadh-headquartered, SAMA-regulated, Sharia-compliant Saudi joint-stock bank (TADAWUL:1030) founded in 1976, serving retail, corporate, SME, and HNW customers across Saudi Arabia through 25+ branches, the Flexx digital banking suite, and subsidiaries in brokerage, insurance, leasing, and real estate finance.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Private Banking & Wealth (FSABAGAD), Islamic Investment Banking & Capital Markets Services (FSABAGAG), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Retail banking services
• Corporate banking services
• Sharia-compliant financing
• Trade finance solutions
• Wealth management brokerage

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices27 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income from Financing: The bank earns interest income from personal financing, home financing, working capital financing, contract financing, syndicated loans, and project financing activities. As a Sharia-compliant institution, income is generated through murabaha, ijara, and other Islamic financing structures rather than conventional interest.
2. Fee and Commission Income: Fees and commissions are earned from account services, trade finance (letters of credit, letters of guarantee), ATM and card transactions, foreign exchange, wire transfers, and wealth management services. These constitute a significant non-interest income stream.
3. Investment and Wealth Management: Through its subsidiary Alistithmar Capital, the bank offers brokerage, asset management, investment banking, and custody services generating fees and commissions.
4. Insurance Intermediation: Through its associate MedGulf, the bank provides insurance products including health, motor, protection & savings, and general insurance, generating referral and intermediation income.
5. Treasury and Foreign Exchange: Revenue from currency exchange, liquidity management, structured products, and proprietary trading activities conducted through the Treasury and Investment Group.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels9 records

Core offering

The Saudi Investment Bank (SAIB) is a Saudi joint-stock bank that provides Sharia-compliant wholesale, retail, and commercial banking products and services. Its core offerings include personal current/savings/salary accounts, Murabaha deposits, Al Asalah personal and home financing, Mada debit/credit/travel cards, corporate working capital, contract, syndicated and project financing, trade finance, letters of guarantee, treasury and FX, SME financing (including the Kafalah guarantee program), private banking, and wealth management via its Alistithmar Capital subsidiary.

Product overview

The Saudi Investment Bank (SAIB) operates as a diversified financial institution offering a platform-plus-modules architecture combining traditional wholesale, retail, and commercial banking products with digital channels and strategic subsidiaries. The core banking platform includes personal banking (accounts, financing, cards, e-banking via Flexx Click/Touch/Call/Transfer), business banking (SMEs, corporate, trade finance, cash management), and treasury services. The Flexx digital banking suite (Flexx Click, Flexx Touch, Flexx Call, Flexx Transfer, Flexx Business) serves as the primary digital interface across all segments. The bank complements its offerings through five wholly-owned or joint-venture subsidiaries: Alistithmar Capital (investment/brokerage), American Express Saudi Arabia (cards), Amlak International (real estate finance), MedGulf (insurance), and Yanal Finance (SME leasing). Loyalty programs include Aseel and WooW, with tiered customer programs (Silver, Gold, Platinum) and Private Banking for high-net-worth clients. All products operate under Sharia-compliant Islamic banking principles, with a dedicated Sharia Department overseeing compliance.

Differentiator

Problem solved

Functional benefit

Brands

• Flexx Click: Internet Banking service for personal banking customers
• Flexx Call
• Flexx Touch
• Flexx Transfer
• Flexx Business
• Al-Asalah
• AlBarakah
• Murabaha Deposit
• Aseel Loyalty Program
• WooW Reward Program
• Woow Al Khair
• SAIB Mobile
• Al-Istithmar Capital
• Easy Payment Plan

Products and services

• ALASALAH Current Account Sharia-compliant current account providing day-to-day banking services to individual customers under Islamic banking principles with no interest charged.
• ALBARAKAH Saving Account Sharia-compliant savings account based on Mudaraba principles, allowing individual customers to save while earning profits.
• Murabaha Deposit Sharia-compliant deposit product structured under Murabaha where the bank sells an asset to the customer at a markup, providing returns on savings.
• Travel Account Specialized current account for travelers offering favorable foreign exchange rates and convenience for international trips.
• Al Asalah Personal Finance Sharia-compliant personal financing product providing individuals with funds for personal and family needs under Islamic financing principles.
• Al Asalah Home Finance Sharia-compliant home financing product (Ijar) for purchasing properties under Islamic financing principles, linked to the Real Estate Development Fund.
• Mada Debit Cards National Mada-branded debit cards enabling cash withdrawals, purchases, and contactless payments at merchants across Saudi Arabia.
• Credit Cards Credit card products offering purchasing power, rewards, and flexible payment options for personal and business customers.
• Travel Card Prepaid multi-currency travel card allowing customers to load multiple currencies for international travel with competitive exchange rates.
• Flexx Click Internet Banking Internet banking platform enabling personal and corporate customers to access accounts, make transactions, pay bills, and manage finances online through a web browser.
• SAIB Mobile / Flexx Touch Mobile Banking Mobile banking application available on iOS and Android providing secure access to accounts, cards, and banking services on smartphones.
• Flexx Call Phone Banking 24/7 phone banking service allowing customers to conduct banking transactions and inquiries via telephone.
• Flexx Transfer Fund transfer service enabling customers to send money domestically and internationally between SAIB accounts and external bank accounts.
• Flexx Business Corporate Banking Corporate internet banking platform for business customers enabling cash management, payroll, B2B connectivity, escrow accounts, and point-of-sale services.
• Aseel Loyalty Program Customer loyalty program offering rewards, discounts, and exclusive benefits for frequent banking customers.
• WooW Reward Program Points-based rewards program where customers earn points on transactions that can be redeemed for gifts and discounts, or donated to charity through WooW Al Khair.
• Customer Programs (Silver, Gold, Platinum) Tiered banking programs (Silver, Gold, Platinum) offering graduated benefits and services based on customer relationship value and banking activity.
• Private Banking Premium banking services for high-net-worth individuals offering personalized financial solutions and exclusive benefits.
• Letter of Guarantee Services Guarantee issuance and verification services for businesses including bid bonds, performance guarantees, and payment guarantees.
• Trade Finance Services Import and export financing solutions for businesses including documentary credits, letters of credit, and trade finance facilities.
• Working Capital Financing Short-term Sharia-compliant financing solutions for businesses to manage day-to-day operational cash flow requirements.
• Contract Financing Financing facilities for businesses based on contractual revenue streams and project-based contracts.
• Syndicated Loans Large-scale Sharia-compliant financing arranged by a group of lenders for major projects and corporate borrowers.
• SME Finance Specialized Sharia-compliant financing solutions for small and medium enterprises including operating capital and business expansion.
• Kafalah Program SME financing guarantee program run in partnership with Kafalah to help small businesses access bank financing.
• Payroll Services Corporate payroll management services enabling businesses to process and distribute employee salaries efficiently.
• Point of Sale (POS) Services Merchant services providing POS terminals for businesses to accept card payments from customers.
• Escrow Accounts Trust account services for secure handling of funds in real estate transactions and business dealings.
• Treasury Management and Investments Liquidity management, foreign exchange, and structured products services for corporate clients.
• Foreign Exchange Services Currency exchange services and foreign exchange risk management solutions for businesses and individuals.
• Alistithmar Capital (Brokerage, Asset Management, Investment Banking, Custody) Capital market institution offering local and international brokerage, asset management (mutual funds and discretionary portfolios), investment banking, and custody services, regulated by the Capital Market Authority (CMA).
• American Express Saudi Arabia Cards Credit and charge cards and payment services offered through a 50-50 joint venture with Amex, regulated by SAMA.
• Amlak International Finance Company (Real Estate Finance) Sharia-compliant real estate financing company offering Ijara, Murabaha, Istisna and Ijarah mawsofa fi athemmah products for individual mortgages, corporate institutions, high net worth individuals, and real estate developers.
• MedGulf Insurance Products Cooperative insurance products including Health Insurance (Individual and Group), Protection & Savings Insurance, Motor Insurance, and General Insurance offered through MedGulf, in which SAIB holds a strategic stake.
• Yanal Finance Company (Leasing and SME Finance) Finance company providing medium-term asset financing and SME lending including leasing (commercial vehicles, equipment, plant and machinery, real estate), sale and leaseback, Murabaha, Kafalah guaranteed financing, and corporate financing.

Quantifiable outcome

• 18.2% annual earnings growth over five years (as of January 2026)
• +3 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability1 record

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Alistithmar CapitalcoreOthersAlistithmar Capital is a wholly-owned subsidiary of SAIB and is a Capital Market Institution (CMI) regulated by the Capital Market Authority of Saudi Arabia (CMA). It offers local and international brokerage, asset management (mutual funds and discretionary portfolios), investment banking, and custody services. Website: icap.com.sa.
• American Express Saudi ArabiacoreStrategic or Co-development PartnerAmerican Express Saudi Arabia is a closed joint-stock company equally owned by Amex (Middle East) BSC and The Saudi Investment Bank. Regulated by SAMA as a Finance Company, it offers a wide array of credit and charge cards and payment services.
• Amlak International Finance CompanycoreStrategic or Co-development PartnerAmlak International Finance Company offers a broad range of Sharia-compliant financing solutions including Ijara, Murabaha, Ijarah mawsofa fi athemmah, and Istisna. Serves individual mortgages, corporate institutions, high net worth individuals, and real estate developers. Regulated by SAMA as a Finance Company. Website: amlakint.com.
• MedGulf (The Mediterranean & Gulf Cooperative Insurance and Reinsurance Company)coreStrategic or Co-development PartnerMedGulf is a Saudi licensed joint-stock company engaging in cooperative insurance business. Offers Health Insurance (Individual/Group), Protection & Savings Insurance, Motor Insurance, and General Insurance. SAIB holds a strategic stake in the company.
• Yanal Finance CompanycoreStrategic or Co-development PartnerYanal Finance Company was established in 2001 to provide medium-term asset financing to productive sectors of the economy with emphasis on SMEs. Regulated by SAMA as a Finance Company. Products include leasing (commercial vehicles, equipment, plant and machinery, real estate), sale and leaseback, murabaha, Kafalah guaranteed financing, SME funding, and corporate financing. Website: yanal.com.
• Charitable Society for the Care of Orphans (Insan)minorStrategic or Co-development PartnerSAIB signed a tripartite agreement with Insan and Tadweer company under the title 'Our footprint – sponsor an orphan with your old electronic devices.' The agreement provides for recycling of electronic items with proceeds going to Insan Charity as part of the bank's sustainability strategy.
• Ehsan PlatformminorStrategic or Co-development PartnerPartner charity for SAIB's WooW Al Khair program, allowing customers to donate their WooW loyalty points to charitable causes through the Ehsan platform.
• FurijatminorStrategic or Co-development PartnerPartner charity for SAIB's WooW Al Khair program, accepting donated WooW loyalty points for charitable purposes.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Al Rajhi Bank: Saudi Arabia's largest Islamic bank and a direct peer; competes head-on in Sharia-compliant retail, corporate, and SME banking. Comparable product portfolio (Murabaha, Ijara, personal/home finance, treasury) and similar customer segments within Saudi Arabia.
• Alinma Bank: Pure-play Saudi Islamic bank with similar Sharia-compliant retail and corporate offering. Closely comparable in scale, product set, and Vision 2030-aligned SME/mortgage focus, making it a direct competitor for the same Saudi customer base.
• Bank AlBilad: Saudi Sharia-compliant bank offering retail, corporate, and treasury products comparable to SAIB. Similar mid-tier positioning, digital transformation focus, and dependence on Saudi non-oil growth.
• Bank AlJazira: Saudi commercial bank with overlapping retail, corporate, and SME banking products. Comparable scale, similar regional Saudi branch footprint, and similar reliance on Vision 2030-driven financing demand.
• Riyad Bank: One of the largest Saudi commercial banks offering retail, corporate, treasury, and trade finance products. A direct competitor in corporate banking and trade finance where SAIB has historically been strong.
• Arab National Bank (ANB): Saudi commercial bank with a comparable mix of retail, corporate, and treasury services. Similar client profile of Saudi nationals and corporates, overlapping product set (personal finance, trade finance, FX).
• Banque Saudi Fransi: Saudi commercial bank offering retail, corporate, and treasury services. Similar mid-large scale, comparable trade finance and corporate banking capabilities, and overlapping regional branch coverage.

Broad incumbents

• The Saudi National Bank (SNB): Largest Saudi banking group formed from NCB and Samba merger. Competes with SAIB across the full stack but at significantly larger scale, with broader product reach and stronger corporate relationships across giga-projects.

Regional players

• Kuwait Finance House: One of the largest Islamic banks globally and a regional reference for Sharia-compliant retail, corporate, and investment banking. Provides a comparable Islamic banking template and product mix, though operating primarily in Kuwait and other GCC markets.
• Qatar Islamic Bank: Leading GCC Islamic bank with retail, corporate, and treasury offerings similar to SAIB. Comparable Sharia-compliant product architecture and corporate banking capabilities, though focused on the Qatari market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/saiblive
• YouTubeyoutube.com/saib
• Facebookfacebook.com/saiblive
• LinkedInlinkedin.com/company/saudi-investment-bank
• Instagraminstagram.com/saiblive

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments20 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Saudi Investment Bank