SIB announced today the signing of a US $380 million joint loan agreement with a group of international, regional and local banks. The Lead Banks in this joint loan agreement were the US CITIBank, Deutsche CommerzBank, Japanese Mizuho Corporate Bank, Austrian RZB Bank, British Standard Chartered Bank and Japanese Sumitomo Mitsui Bank, among other 18 other local, regional and international consortium. Given the overwhelming participation, SIB has agreed to raise the loan from originally 200 millions to 380 million US Dollars. This huge participation by leading banks reflects SIB’s distinguished market position and credit worthiness as well as the result of the positive achievements of SIB over the past years. It is also reflective of their trust in SIB’s policies and future strategies. It is worth mentioning that SIB had a significant growth in its income as of June 30, 2005 to reach over Saudi Riyals 490 millions which is 67% over same period in 2004 and the bank’s liabilities has increased by 53.4%, to exceed Saudi Riyals 34 billions. 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...