Societe Arabe Internationale de Banque S.A.E News - Mubasher Info
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14 May 11:14 AM

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

Last update: 27 April 01:10 PM market time.
0.00
0.42
19.91%
Open 2.11
Previous Close 2.11
High 2.53
Low 2.53
Stock Statistics
Volume 55
Turnover 139.15
All data are 15 minutes late during market session

News

The bank’s interest income retreated to $399.2 million
14 February 2021 08:09 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 …
Financial Results
Raseedy was originally established in 2018
3 November 2020 08:49 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 …
Event
The retail portfolio jumped by 40% over the January-September
2 November 2020 00:53 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
The deposits rose by 2% to $3.99 billion
11 June 2020 02:57 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 …
Financial Results
SAIB and NBE will each contribute EGP 300 million
12 April 2020 02:36 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
SAIB will distribute dividends of $7.5 million for 2019
19 March 2020 00:33 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
SAIB's interest expenses recorded $401.2 million in 2019
17 February 2020 10:36 AM 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
Loans grew by 4% to $1.57 billion in nine months
3 November 2019 00:41 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
Aman for Microfinance secured loans of EGP 250 million in H2-18
18 September 2019 10:08 AM Raya Holding’s unit obtains EGP 650m loans from 8 banks
By: Islam Fadl Cairo – Mubasher: Aman for Microfinance, a subsidiary of Raya Holding for Financial Investment, has obtained loans of EGP 650 million during the first eight months of 2019, the company’s managing director Ahmed El Khatib said. Such …
Banking and Finance
SAIB reported net profits of $6.89 million
25 August 2019 09:40 AM SAIB turns profitable in H1
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) announced turning to a profit during the first half of 2019. SAIB reported net profits of $6.89 million in the six-month period ended 30 June, against a loss of $3.82 million in the …
Banking and Finance
SAIB turned profitable in Q1-19 after logging $785,000.
15 May 2019 06:39 AM SAIB deposits EGP 1.4bn in CBE
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) deposited around EGP 1.38 billion in the Central Bank of Egypt (CBE) as of April. The interest-free deposit has an 18-month maturity, SAIB said in a recent statement to the Egyptian …
Banking and Finance
Deposits surged to $4.02 billion
14 May 2019 01:34 PM SAIB turns profitable in Q1
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported turning into profitability during the first quarter of 2019. SAIB logged around $785,000 in net profits in the January-to-March period, versus losses of nearly $290,000 in …
Financial Results
The NBE and Banque Misr will contribute EGP 750 million to the loan
28 March 2019 08:09 PM Samcrete Egypt secures EGP 3.1bn loan from 6 banks
Cairo – Mubasher: A consortium of six banks on Thursday agreed to provide  Samcrete Egypt Engineers and Contractors with EGP 3.1 billion ($180 million) facility. The consortium of financers includes the National Bank of Egypt (NBE), Banque Misr, …
Companies Investments
The coupon will be distributed to noteholders on 18 October
10 October 2018 02:35 PM SAIB pays coupon distribution for $500m sukuk
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SAIB) on Wednesday announced that it has paid the periodic coupon distribution for its $500 million sukuk due in 2023. The coupon distribution for the period 18 April 2018 to 17 October 2018 will be …
Companies Investments
SAIB posted an 87% year-on-year drop in profits for Q2-17
9 August 2017 00:25 PM SAIB Q2 profits plunge 87%
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) posted an 87% year-on-year drop in profits for the second quarter of 2017 due to the decrease in yield on loans, according to a bourse filing on Wednesday. The bank achieved profits …
Financial Results
(Photo credit: Bank's website)
10 May 2017 09:07 AM SAIB posts 45% increase in Q1 profits
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported on Wednesday a year-on-year rise of 44.6% in its net profits for the first quarter of fiscal year 2017. Net profits for Q1-17 reached $21.17 million, compared to $14.6 …
Financial Results
(Photo credit: Bank's website)
30 January 2017 08:49 AM SAIB posts 76% fall in Q4 profits
Cairo – Mubasher: the unaudited financial statements of the Societe Arabe Internationale de Banque (SAIB) showed a 76.2% declined in the bank’s profits for the fourth quarter of the fiscal year 2016 to $3.5 million (#GP 65.4 million), versus $14.7 …
Financial Results
The bank earned $14.04 million (EGP 243 million) in Q3 - Photo Credit: SAIB website
9 November 2016 11:22 AM SAIB posts stronger Q3 profits
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) posted a 78% profit increase during the third quarter of 2016, according to a bourse filing on Wednesday. The bank earned $14.04 million (EGP 243 million) in Q3 versus $7.88 million …
Financial Results
The loan period will be from October 2017 to September 2017 - (Photo Credit: Arabianeye-Reuters)
1 October 2016 10:02 PM Sahara, SAIB agree SAR300m loan
Riyadh - Mubasher: Sahara Petrochemicals Company announced signing on Thursday a revolving loan agreement with Saudi Investment Bank (SAIB) to finance the company’s capital. The financing agreement has a total cost of SAR 300 million. The loan …
Companies Investments
SAIBANK - (Photo Credit: Company website)
9 August 2016 02:56 PM SAIBANK profits grow 47% in Q2
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIBANK) reported an increase of 47% in net profits for the second quarter of 2016. The lender said it saw net profits of $16.3 million for Q2-2016, up from $11.1 million a year earlier. As …
Financial Results
Profits 59% higher in Q1 (Photo Credit: Reuters)
11 May 2016 09:37 AM SAIBANK Q1 profits jump to $14.64m
Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIBANK) saw an increase in FY16 first quarter profits by 59% year-on-year to $14.64 million (EGP130.3 million) from $9.213 million (EGP82 million). In 2015, the bank earned $43 million, …
Financial Results
Photo Archive
28 February 2016 11:29 AM SAIBANK approves subordinated loan worth $50m
Cairo-Mubasher: Societe Arabe Internationale de Banque (SAIBANK) said shareholders gave the go-ahead for the conclusion of a compensation contract with Arab International Bank (AIB) for a subordinated loan worth $50 million. The loan has a life …
Banking and Finance
Photo Archive
28 February 2016 09:23 AM SAIBANK shareholders nod to profit carryover
Cairo-Mubasher: Societe Arabe Internationale de Banque (SAIBANK) said its general meeting held on Sunday gave the green light for carrying over profits for the fiscal year ended 31 December 2015. Shareholders also endorsed financial statements for …
Corporate Actions
Photo Credit: Arabianeye - Reuters
7 February 2016 09:44 AM SAIBANK proposes $20m dividends for 2015
Cairo-Mubasher: Société Arabe Internationale des Banques (SAIBANK( said it proposes $20 million dividends distribution for the fiscal year ended 31 December 2015. The lender’s dividends distribution stood at $16 million in 2014. SAIBANK net …
Corporate Actions
Photo Credit: Arabianeye - Reuters
1 February 2016 08:42 AM SAIBANK profits leap 24% in 2015
Cairo-Mubasher: Société Arabe Internationale des Banques (SAIBANK) posted an increase of 24% in net profits for the fiscal year ended 31 December 2015, according to the bank’s interim financial indicators. The lender saw net profits of $43 million …
Financial Results