Société Arabe Internationale de Banque (SAIB Bank) was able to gain its customers in the Egyptian market confidence in no time.
The bank is embracing a set of clear Policies and procedures based on the continued development of infrastructure and technology while positively contributing to the promotion financial inclusion and digital transformation.
The bank is currently taking multiple steps to enhance its position in the local market, achieve the targeted expansion, expand strongly in the service of citizens, and consolidate the idea of financial inclusion in the Egyptian community.
SAIB Bank was established on the 21st of March, 1976, as the first joint Arab Bank working in Egypt to abide by the provisions of the investment law 43 of the year 1974, which was amended in accordance with the investment laws 230/1989 and 8/1997.
SAIB is currently one of the most important banks operating in the Egyptian market.
SAIB’s issued and paid-up capital has increased from US$ 4 million dollars in 1978 to currently reach US$ 150 million dollars distributed over 15 million shares, par nominal value of US$ 10 dollars per share, while the authorized capital amounts to US$ 200 million dollars.
The bank executes all banking investment, financial, and commercial matters related to banking investment business. It also contributes to financing economic, industrial, real estate, agricultural, and commercial projects, as well as Egyptian foreign trade.
Throughout its history, and specifically since Tariq El-Khouly assumed the leadership of the bank, it has followed a clear approach towards developing infrastructure and technology to enhance its competitiveness and extinguish a distinctive technological character that contributes to facilitating the customer experience and expanding financial inclusion.
SAIB Bank has lately launched new online banking services for individual customers, which comes in line with the bank’s ambitious plan of digital transformation.
In addition, the bank has a technological base that is highly developed and modernized, with professionals managing it, responding and serving customers in all aspects, via the Internet at home and abroad.
Since its establishment, SAIB Bank has made remarkable progress in building its services for individuals and companies, diversifying its portfolio by responding to the requirements of companies in Egypt.
The bank is always working on the quality of services it provides to customers, as part of its firm commitment to developing digital products and services.
SAIB is currently operating according to a long-term strategy that aims to diversify all banking services, increasing its market share, maintaining a balanced growth in terms of loans and deposits and achieving high efficiency, in addition to maintaining excellent asset quality and a capital adequacy ratio.
