Latest news with #TheSaudiInvestmentBank
Zawya
23-07-2025
- Business
- Zawya
Saudi: SAIB witnesses 9.5% higher profits in H1-25 initial results
The Saudi Investment Bank (SAIB) generated SAR 1.01 billion in net profit during the first half (H1) of 2025, higher by 9.36% than SAR 928.80 million in H1-24. Earnings per share (EPS) was kept unchanged at SAR 0.68 as of 30 June 2025, according to the interim financial statements. The clients' deposits increased by 10% to SAR 100.23 billion in the first six months (6M) of 2025 from SAR 95.36 billion in the year-ago period. Assets widened by 16.69% YoY to SAR 167.29 billion in H1-25 from SAR 143.35 billion, while the investments hiked by 23.78% YoY to SAR 43.05 billion from SAR 34.78 billion. Results for Q2 In the second quarter (Q2) of 2025, the bank's net profits stood at SAR 512.50 million, up 5.36% YoY from SAR 486.40 million. Quarterly, the Q2-25 net profits edged down by 1.82% from SAR 503.30 million in Q1-25. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Argaam
26-03-2025
- Business
- Argaam
Knowledge City secures SAR 150M financing from SAIB
Knowledge Economic City Co. (KEC) secured on March 25 Shariah-compliant financing worth SAR 150 million from The Saudi Investment Bank (SAIB). The loan term is four and a half years. It will be used to finance working capital to implement the company's strategy, KEC said in a statement to Tadawul. Land plots were mortgaged, and some promissory notes were provided as collateral for the financing.
Argaam
17-03-2025
- Business
- Argaam
Shalfa signs SAR 75M credit facilities with SAIB
Shalfa Facilities Management Co. signed on March 16 a Shariah-compliant credit facilities agreement worth SAR 75 million with The Saudi Investment Bank (SAIB). The financing period will end on Feb. 28, 2026, and will be covered by a promissory note, the company said in a statement on Tadawul. The facility aims to issue initial guarantees, performance guarantees, advance payment guarantees, financing for project progress claims, site preparations, and documentary credit letters.
Argaam
11-03-2025
- Business
- Argaam
Amlak renews SAR 1.06B credit facility agreement with SAIB
Amlak International Finance Co. renewed today, March 11, its Shariah-compliant credit facility agreement with The Saudi Investment Bank (SAIB), at SAR 1.06 billion. In a statement to Tadawul, the company said the one-year financing aims to support its operations and step up its lending capacity. Guarantees provided under the deal include the assignment of receivables to the bank and a promissory note in favor of SAIB. Amlak also pointed to the related parties involved in the agreement, as SAIB — being a major shareholder — has a direct interest in the deal. Additionally, some board members have indirect interest, namely Majed Fakeeh, Chief Corporate Banking Officer at SAIB; Khalid Al-Rayes, CEO of Alistithmar Capital (SAIB's wholly owned subsidiary); and Ala Asali, Chief Cyber Security Officer and member of the Risk Committee at SAIB. The company emphasized that the agreement was conducted in the ordinary course of doing business, granting no preferential terms.
