SAIB (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 dollars in 1978, to currently reach US$ 150 million dollars distributed over 15 million shares, par nominal value of US$ 10 dollars per share; while the authorized capital amounts to US$ 200 million dollars.
Egyptian and Arab financial institutions contributing to the bank are represented by:
• Arab International Bank 46.08%
• The Arab Contractors Investment Company 17.29%
• Misr Insurance Company 11.29%
• Misr Life Insurance Company 9.75%
• Public subscription 15.59%
The bank executes all banking investment, financial and commercial matters related to banking investment business, and contributes to financing economic, industrial, real estate, agricultural, and commercial projects, as well as Egyptian foreign trade.
In addition to provision of loans, short, medium and long-term clients credit facilities, as well as retail banking products.
Also, deposits acceptance and issuance of savings certificates in Egyptian and foreign currencies, and carrying out relevant securities.
Moreover, execution of all the banking activities in compliance with the provisions of the Islamic law through SAIB’s Islamic branches.
Whilst total customers’ deposits portfolio amounts to L.E. 9.3 billion, whereby these banking services are being offered through SAIB’s headquarters and a disseminated nationwide network of branches.