Société Arabe Internationale de Banque 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’s issued and paid-up capital has increased from US$ 4 million in 1978 to reach US$ 150 million distributed over 15 million shares with nominal value of US$ 10 per share, while the authorized capital amounts to US$ 200 million.
The bank executes all banking investment business including financial and trade investments and contributes to financing economic, industrial, real estate, agricultural, and commercial projects, as well as Egyptian foreign trade.
The bank’s performance has been shooting to the stars over the past four years as it succeeded in enhancing its competitiveness at the level of all the financial products and services it provides, especially the products related to fintech.
The bank serves all segments of customers and provides distinguished services to Egyptian and foreign companies. It owns more than 34 branches in various Egyptian governorates, and is currently implementing a tight plan to support its geographical expansion.
Tarek ALkholy is currently leading SAIB Bank. During his tenure the bank witnessed a historic leap in its technical and financial performance as part of the central bank of Egypt’s restructure plan to develop and enhance its competitiveness.
