Our history and operations The Bank commenced operations in 1977 pursuant to a Royal Decree dated June 22, 1976. In 1983, the Bank adopted the SAIB name and moved into commercial banking. The Al Asalah Islamic Banking brand, through which the Bank provides Shariah-compliant products and services, was launched in 2006. Islamic principles form the core of all the Bank’s operations and our Shariah Committee ensures adherence to Shariah principles in our product development. SAIB offers wholesale, retail, and commercial banking products in the Kingdom of Saudi Arabia, both Shariah-compliant and traditional. The Bank also provides its services to the government, quasi-government, corporate, and MSME sectors. Our finance operations offer a range of non-interest-bearing banking products including Murabaha, Istisna’a, and Ijarah. Our product portfolio also includes several treasury and investment banking products.

Our joint ventures and subsidiaries expand our range of products and services to include investment banking, share trading, asset management, leasing finance, mortgage finance, brokerage services, corporate finance services, and credit card services. The Bank’s network includes 52 branches, of which 49 operate as Shariah compliant branches within the Kingdom. As of December 31, 2020, the Bank operated a network of 368 ATMs and over 9,800 point of sale (POS) terminals.

    Our Vision

    To offer the simplest and most accessible products and services to each of our customers.

    Our Vision

  • We make banking simple and accessible for each of our customers.
  • We are flexible, adaptive, and responsive to deliver what suits our customers.
www.saib.com.sa/en

Mr. Abdullah Saleh
Jum’ah

Chairman of the Board
of Directors

Abdallah S. Jum’ah is former President & CEO of the Saudi Arabian Oil Company (Saudi Aramco), the world’s largest oil producing company. As CEO, from 1995-2008, he served on Saudi Aramco’s Board of Directors and on the Saudi Arabian Supreme Council for Petroleum and Minerals. Jum’ah led the far-reaching expansion of the company’s oil, gas and refining businesses and entry into the petrochemical business. Under his leadership, the company refocused its strategic direction further raising its global profile. He studied at the American University in Cairo (AUC), the American University of Beirut and completed the Harvard Business School Management Development Program.

Mr. Jum’ah served as a member of the Board of Trustees of AUC from 1998 to February 2013 and as Vice Chairman of the International Advisory Board of the King Fahd University of Petroleum and Minerals from 2008-2009.

His worldwide business affiliations include his former memberships of Halliburton Company Board, JPMorgan Chase International Council, Schlumberger Business Consulting Advisory Board and the Reliance International Advisory Board. Jum’ah is also a former member of the International Business Council of the World Economic Forum and was Patron of the IFP School, Paris for the school year 2008-2009. He is a board member of Zamil Industries Company, Hassana Investment Company, Saudi Arabian Airlines and a former member of the Supreme Economic Council’s Advisory Committee and the Economic Cities Authority Board. In 2009 Jum’ah joined the Saudi Investment Bank Board and was elected Chairman of the Board in February 2013. He was appointed the Co-Chairman of the U.S.-Saudi Arabian Business Council in March 2015 and more recently he has been elected to serve on the Saudi Arabian Eastern Province Council.