Societe Arabe Internationale de Banque S.A.E (SAIB)

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News

14 February 11:47 AM SAIB unveils higher profits in 2023, dividends

Cairo – Mubasher: The net profits after tax of Société Arabe Internationale de Banque (SAIB) rose by 3% year-on-year (YoY) to $31.15 million in 2023 from $30.15 million. The net interest income amounted to $404.03 million as of 31 December 2023, …

Cash Dividends

21 November 2023 11:37 AM Arab International Bank hikes stake in SAIB to over 51%

Cairo – Mubasher: Arab International Bank (AIB) increased its shareholding in Société Arabe Internationale de Banque (SAIB) to 51.02% from 50.43% in exchange for $368,212. AIB purchased 92,053 shares in SAIB at an average price of $4 per share, …

Companies Investments

16 November 2023 09:34 AM SAIB logs $19m net profits in 9M-23 results

Cairo – Mubasher: Société Arabe Internationale de Banque (SAIB) registered net profits after tax valued at $19.04 million in the first nine months (9M) of 2023, down from $26.47 million in 9M-22. Net interest income declined year-on-year (YoY) to …

Banking and Finance

13 September 2023 03:13 PM SAIB’s shareholders nod to capital raise via bonus shares

Cairo – Mubasher: The ordinary general meeting (OGM) of Société Arabe Internationale de Banque (SAIB) agreed to increase the lender’s issued and paid-up capital to $331.02 million from $157.50 million. SAIB will offer 17.35 million bonus shares at …

Management Decisions

9 August 2023 09:11 AM SAIB unveils 24% lower profits in H1-23, capital hike proposal

Cairo – Mubasher: The net profits after tax of Société Arabe Internationale de Banque (SAIB) retreated by 24% to $12.13 million in the first half (H1) of 2023, versus $16 million in H1-22. The interest income reached $186.52 million in H1-23, down …

Banking and Finance

14 May 2023 04:27 PM SAIB records over $5.5m net profit in Q1-23 initial financials

Cairo – Mubasher: Société Arabe Internationale de Banque (SAIB) achieved net profits after tax worth $5.56 million in the first quarter (Q1) of 2023, a decline of 28% from $7.67 million in Q1-22, according to the initial income statements. The …

Financial Results

29 August 2022 10:36 AM SAIB sells entire stake in Pyramids Paper Mills for EGP 4m

Cairo - Mubasher: Societe Arabe Internationale De Banque (SAIB) has completed selling its 8.53% stake in Pyramids Paper Mills (Flora) for EGP 3.85 million. The EGX-listed lender has sold 110,900 shares in Flora to an investor, according to a stock …

Companies Investments

21 August 2022 00:31 PM SAIB's board agrees to sell entire stake in Pyramids Paper Mills

Cairo - Mubasher: The board of directors of Societe Arabe Internationale De Banque (SAIB) agreed to sell the bank’s stake in Pyramids Paper Mills (Flora). SAIB owns 8.53% of the total shares of Flora.   SAIB added that work is underway to complete …

Board of Directors

9 August 2022 00:55 PM SAIB registers 79% profit surge in H1-22

Cairo - Mubasher: The net earnings of Societe Arabe Internationale De Banque (SAIB) totalled $16 million in the first half (H1) of 2022, up 79% when compared to $8.95 million in the corresponding period in 2021. Earnings per share (EPS) amounted …

Financial Results

29 May 2022 11:46 AM SAIB sees 46% higher profits in Q1-22 unaudited financials

Cairo - Mubasher: The unaudited financial results of Societe Arabe Internationale De Banque (SAIB) reported a 46% year-on-year (YoY) increase in net profits to $7.67 million in the first quarter (Q1) of 2022 from $5.25 million. The bank's net …

Banking and Finance

11 April 2022 02:06 PM SAIB's shareholders approve capital increase

Cairo – Mubasher: The extraordinary general meeting (EGM) of Societe Arabe Internationale de Banque (SAIB) has approved a raise in the authorised and issued capital. The company will increase its authorised capital to $350 million from $200 …

General Assembly

22 February 2022 00:47 PM SAIB's profits down 2% in 2021

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported a 2% decrease in its net profits after tax to $19.9 million in 2021, compared to $20.44 million in 2020. The bank's interest income went down to $398.58 million in 2021, …

Banking and Finance

8 November 2021 05:28 PM SAIB's 9M profit up 7% in initial financials

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported net profits of $14.17 million in the first nine months of 2021, an increase of 7% year-on-year (YoY) from EGP $13.18 million, the unaudited financial results showed.  The …

Banking and Finance

19 October 2021 00:20 PM SAIB approves exit from Cairo National Company for Brokerage and Securities

Cairo – Mubasher: The board of directors of Societe Arabe Internationale de Banque (SAIB) approved a decision to exit from Cairo National Company for Brokerage and Securities.  The board also approved the appointment of Marwa Sami Shahin as the …

Corporate Actions

10 August 2021 00:52 PM SAIB's profit up 12% in H1-21

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) logged net profits of $8.95 million in the first half (H1) of 2021, an increase of 12% year-on-year (YoY) from $7.97 million in H1-20, the unaudited financial results showed.  On the …

Financial Results

11 May 2021 02:08 PM SAIB's profit grows 28% in Q1

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) posted net profits of $5.25 million in the first quarter (Q1) of 2021, up by 27.6% year-on-year (YoY) from $4.11 million. The bank’s interest income declined to $97.56 million in the …

Financial Results

18 March 2021 00:19 PM SAIB's shareholders approve cash dividends for 2020

Cairo – Mubasher: The ordinary general meeting (OGM) of Societe Arabe Internationale de Banque (SAIB) approved the board’s proposal to distribute cash dividends for 2020, according to a bourse disclosure on Thursday. Over the course of 2020, SAIB …

General Assembly

14 February 2021 11:09 AM SAIB reports 84% higher profits in 2020 initial results

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) posted an 84% year-on-year (YoY) leap in its net profit in 2020, logging $20.44 million, compared to $11.1 million a year earlier, the unaudited financial results showed. The bank’s …

Banking and Finance

3 November 2020 11:49 AM Raseedy launches Egypt’s first independent digital wallet

By: Moslem Ali Cairo – Mubasher: Raseedy announced on Monday that it has officially become the first independent licensed digital wallet in Egypt, in partnership with saib Bank and Mastercard. Raseedy, established by Jacques Marco and Karl Marco …

Companies Investments

2 November 2020 03:53 PM SAIB’s digital payments hit EGP 7bn at August-end

By: Islam Fadl Cairo – Mubasher: Total electronic payments managed by SAIB Bank reached EGP 7 billion at the end of last August, Amr Nossair, Head of Retail Banking at SAIB Bank, revealed. The number of companies using digital payments via the …

Banking and Finance

11 June 2020 05:57 PM SAIB's Q1 profit surges 424%

Cairo – Mubasher: The unaudited financial results of Societe Arabe Internationale de Banque (SAIB) showed net profits of $4.115 million in the first quarter of 2020, up by 424% year-on-year (YoY) from nearly $785,000. The bank’s interest income …

Banking and Finance

12 April 2020 05:36 PM Banking consortium inks EGP 750m syndicated loan deal with CRC

Cairo – Mubasher: A banking consortium comprised of Societe Arabe Internationale de Banque (SAIB), the National Bank of Egypt (NBE), and Suez Canal Bank signed a medium-term syndicated loan worth EGP 750 million with Construction and …

Banking and Finance

19 March 2020 03:33 PM SAIB shareholders approve $7.5m dividends

Cairo – Mubasher: The shareholders of Societe Arabe Internationale de Banque (SAIB) have approved paying out cash dividends at a total value of $7.5 million for last year. During the ordinary general meeting (OGM), SAIB’s shareholders have also …

Cash Dividends

17 February 2020 01:36 PM SAIB achieves $12m net profits in 2019 initial financials

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) turned to net profits of $12.39 million in 2019, versus net losses of $19.25 million in 2018, the lender’s financial indicators showed. The bank’s interest income declined to around …

Banking and Finance

3 November 2019 03:41 PM SAIB turns profitable in 9M

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported $9.245 million in net profits during the first nine months of the year, as shown by the bank’s financial statement. The bank turned to profits, versus losses of $16.5 million …

Financial Results