The Saudi Investment Bank has announced that the Bank’s Net Income for 2008 first quarter was SAR 258 million, a decline of 16% down from SAR 306 million in the first quarter 2007. This decline is due to a non-recurrent investment portfolio losses of SAR 55.4 million. The income fees from banking services increased by 33.8% to reach 160.7 million compared to 120.1 millions last year. Income from FX trading increased by 92% to reach SAR 12.5 million from SAR 6.5 million last year. Total operating income declined to SAR 390 million from SAR 425 million. The balance sheet revealed that loans and advances increased by SAR 6,748 million to SAR 24,563 million, 38% over the same period in 2007. In the liabilities, customer deposits increased by 20% to SAR 33,079 million from SR 27,601 for the same period in 2007. It is important to note that the Extraordinary General Assembly has adopted in its meeting dated 09/03/2008 the Board of Directors recommendation to increase the capital from SR 3,910 million to SR 4,500 million with the distribution of one bonus share for each 6.63 shares outstanding. Dr. Abdulaziz AL-Abdullah Al-Ohali and other members of the Board of Directors have expressed their satisfaction for the Bank’s results and the sustained growth of its main activities. Latest Articles Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. 9 Jun 2024 The Saudi Investment Bank and Saudia’s AlFursan Loyalty Program Unveil Pioneering “Travel Account” In partnership with Saudia’s AlFursan loyalty program, The Saudi Investment Bank (SIB) has introduced the "Travel Account," a... 26 Oct 2023 The Saudi Investment Bank signs an official partnership agreement with Real Madrid CF The Saudi Investment Bank (SIB) announced today its new partnership agreement with Real Madrid CF. This collaboration aims to... 21 Apr 2021 The Saudi Investment Bank: First bank in the Kingdom to adopt Cisco Innovative Technologies Cisco’s innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while... 2 Feb 2020 Microsoft publishes a customer story on The Saudi Investment Bank’s applications of ‘Microsoft Power BI’ platform Microsoft just published on its official portal a customer story brief about The Saudi Investment Bank applications of Microsoft... 12 Nov 2019 SIB’s Integrated Report 2018 wins the most prestigious global award for annual reports The International ARC Awards have awarded The Saudi Investment Bank’s (SIB) Integrated Report 2018 the Grand Award for the Best of... 7 Jul 2019 The Saudi Investment Bank supports the GCC Board Directors Institute to raise the level of corporate governance and board effectiveness The Saudi Investment Bank has signed a one-year partnership agreement with the GCC Board Directors Institute to support the promotion...