Societe Arabe Internationale de Banque (SAIB)

Overview

Established in 1976, Societe Arabe Internationale de Banque (SAIB) is an Egyptian bank providing a comprehensive suite of banking services, including retail, corporate, and investment banking. The bank's investment activities encompass financing for economic, industrial, real estate, agricultural, and commercial projects, as well as Egyptian foreign trade. SAIB offers a variety of financial products, such as loans, credit facilities, deposits, and saving certificates in both Egyptian and foreign currencies. Additionally, the bank provides services compliant with Islamic law through its Islamic branch. SAIB's investment strategy focuses on supporting diverse sectors, including real estate, agriculture, trade, industry, construction, energy, telecommunications, healthcare, education, transportation, tourism, media, and technology. The bank engages in various stages of investment, including growth, late stage, pre-IPO, buyout, turnaround, and distressed investments. Its geographical focus primarily includes Egypt, with additional operations in the United Arab Emirates and Lebanon. With a market value of $70 million, sales of $437 million, profits of $31 million, and assets totaling $3.5 billion as of March 2024, SAIB demonstrates a strong financial position. The Arab International Bank holds a 51% stake in SAIB, while the Arab Contractors for Investments Company owns 17.3%, and the Misr Insurance Company holds 11.3%. As of March 2024, the bank operates 42 branches and employs over 1,783 people. SAIB's investment philosophy centers on delivering innovative and competent banking services to its stakeholders, aiming to maximize shareholder wealth sustainably and provide employees with an optimal working environment, while fulfilling its societal responsibilities.