Saudi Investment Bank

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Recent Articles

• Saudi Investment Bank Q3 net profit triples12 October 2009

  UPDATE 1: Upbeat numbers come despite 2 ratings downgrades issued back in June.

• Fitch downgrades SAIB23 June 2009

  Downgrade of Saudi Investment Bank reflects deteriorating asset quality in a slowing economy.

• S&P downgrades SAIB 2 June 2009

  Ratings agency cites Saudi bank’s weakening profitability and potential deterioration in financial profile.

• Saudi banks suffer end of year losses - ratings agency24 January 2009

  Banks cite reductions in fair values for investment portfolios as a reason for losses.

• Global crisis hits Saudi Investment Bank profit12 October 2008

  Lender says profit fell 31% after making provisions for losses due to credit crunch.

• BNP Paribas buys into Saudi investment firm25 August 2008

  UPDATE 1: France's BNP Paribas buys 25% stake in SAIB affiliate, SAIB Asset Management.

• $3bn Islamic bank and stock exchange planned26 March 2008

  Gulf investors to set up bank and market in Bahrain to tap demand for sukuk.

• Saudi Investment takes Albaraka stake18 July 2007

  Bank says it will take a 50% stake in Bahrain's third-largest lender in a share swapping deal.