Heba Karam

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. 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, the bank offers short, medium and long-term clients credit facilities, as well as retail banking products. Also, it accepts deposits and issues saving certificates in Egyptian and foreign currencies and carries out relevant securities. Moreover, in addition to all conventional banking services saib provides products & services that are in compliance with the provisions of the Islamic law through its Islamic branch.