| Market: Tadawul | Symbol: 1030 | ISIN: SA0007879063 | Industry: Banks |
The Saudi Investment Bank (SAIB) is a commercial bank established in 1976 and based in Riyadh, Saudi Arabia. The Bank commenced operations in 1977 pursuant to a Royal Decree dated June 22, 1976. In 1983, the Bank adopted The Saudi Investment Bank 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.
The Bank offers wholesale, retail, and commercial banking products in the Kingdom of Saudi Arabia, both Shariah-compliant and traditional. The Bank 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.
| Share data | 25/07/2024 | ||
| Currency | SAR | Volume | 743,162 |
| Previous Close | 12.64 | Number of Shares mn | 1,250.00 |
| Change (%) | 0.16 | Market Cap mn | 15,800.00 |
| Financial Highlights (SAR million) | 2021 |
2022 |
2023 |
|---|---|---|---|
| Operations | |||
| Total income (i) | 2,808 |
3,349 |
4,044 |
| Total expense(ii) | 1,270 |
1,445 |
1,657 |
| Operating profit before provisions | 1,538 |
1,904 |
2,387 |
| Net income | 1,062 |
1,508 |
1,762 |
| Financial position | |||
| Total assets | 101,619 |
109,071 |
129,984 |
| Total liabilities | 85,318 |
92,281 |
112,749 |
| Total equity | 16,301 |
16,790 |
17,235 |
| Cash flow | |||
| Net cash provided from operating activities | 1,466 |
(3,029) |
9,721 |
| Net cash used in investing activities | 1,167 |
(1,571) |
(3,877) |
| Net cash used in financing activities | (1,861) |
717 |
(1,528) |
| Cash and cash equivalents at the end of the year | 8,039 |
4,156 |
8,471 |
| Key ratios (%) | |||
| Return on average Shareholders’ equity | 7.55 |
10.63 |
12.54 |
| Return on average assets | 1.05 |
1.43 |
1.47 |
| Capital adequacy | 20.84 |
18.22 |
20.06 |
| Equity to total assets | 16.05 |
15.39 |
13.26 |
Notes:
(i) Total income includes total operating income plus share in earnings of associates.
(ii) Total expense includes total operating expenses before impairment charges.
