Societe Arabe Internationale de Banque
EEGX:SAIB2.53
USD
0.00
(0.00%)
ISIN
EGS60142C014
Return %
Stock
S&P 500
1Y
0.00
14.20
3Y
20.30
81.12
5Y
36.18
68.34
Capital Structure
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Quarterly Revenue
USD
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in mil. unless spec.Quarterly Earnings Per Share
USD
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in mil. unless spec.Quarterly Dividends Per Share
USD
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in mil. unless spec.Company Description
- CEO
- Afdal Elsayed Naguib Atallah
- Full Time Employees
- 1,932
- Sector
- Finance
- Industry
- Regional banks
- Address
- Giza Egypt
- IPO Date
- Jan 16, 1993
- Website
- saib.com.eg
- Similar Companies
- Business
- Societe Arabe Internationale de Banque (saib) is an Egypt-based commercial banking institution that provides a comprehensive range of retail, corporate, investment, treasury, and Islamic banking solutions to individuals, small and medium-sized enterprises (SMEs), and large corporate entities. Founded in 1976 as the first joint Arab bank operating in Egypt and headquartered in Giza, Egypt, the bank operates as a subsidiary of the Arab International Bank, which maintains a controlling equity interest. Societe Arabe Internationale de Banque operates through four primary business segments: Retail Banking, Corporate and Commercial Banking, Treasury and Capital Markets, and Islamic Banking. The bank's product and service offerings comprise retail deposit accounts, including multi-currency current accounts, high-yield savings accounts, time deposits, and fixed- and variable-rate certificates of deposit; consumer financing programs, including unsecured personal cash loans, auto loans, educational financing, and subsidized residential mortgage finance programs; payment card solutions, including Meeza national debit and prepaid cards, Mastercard Classic, Titanium, Platinum, and World Elite credit and debit cards, corporate payroll cards, and contactless wearable payment devices; corporate lending and structured finance, including short-term working capital facilities, medium- and long-term project finance, syndicated credit facilities, revolving credit lines, and direct overdrafts; international trade finance solutions, including import and export letters of credit, documentary collections, shipping guarantees, and bid and performance bonds; cash and liquidity management services, including electronic collections, automated payroll processing, bulk payments, liquidity sweeping, and point-of-sale merchant acquiring; treasury and foreign exchange services, including spot and forward foreign exchange trading, money market instruments, interest rate management, and sovereign debt investments; and Sharia-compliant Islamic banking products supervised by an independent Sharia Supervisory Board, comprising Murabaha cost-plus financing for vehicles and commodities, Ijara lease-to-own financing, Islamic deposit accounts, and Islamic investment vehicles such as the Sanabel Islamic Fund alongside conventional mutual funds including saib Fund 2, saib Fund 3, and the Youmy daily liquidity fund. In addition to core banking operations, the bank holds strategic equity investments in affiliated financial service providers, including Cairo Factoring, Cairo National Company for Brokerage and Securities, and the International Company for Leasing (Incolease). The bank distributes its products and services through an extensive nationwide branch network, an automated teller machine (ATM) network, and multi-channel electronic platforms comprising the saib Mobile Banking application, saib Internet Banking, and dedicated Corporate Digital Banking portals. In recent company developments, Societe Arabe Internationale de Banque has accelerated its comprehensive digital transformation strategy, significantly expanding its active digital banking subscriber base across retail and corporate sectors; established strategic partnerships, including an expanded alliance with Mastercard to accelerate payment digitization and financial inclusion across Egypt; collaborated with the Central Bank of Egypt's FinTech Egypt initiative and the Digital Egypt Builders Initiative to advance financial technology, artificial intelligence, and data analytics adoption; integrated digital payment platforms such as the Raseedy digital wallet; appointed senior executive leadership to head its Global Transaction Banking division to lead product modernization and electronic transaction growth; and strengthened capital management and shareholder returns through approved multi-million-dollar cash dividend distributions alongside ongoing modernization of its physical and digital branch networks.