Saudi Investment Bank
| Name | Saudi Investment Bank | |
| Sector | Finance & Insurance - Commercial Banks | |
| Trading | Tadawul | |
| RIC Code | 1030.SE | |
| Location | SAUDI ARABIA |
Profile and Background
Saudi Investment Bank (Saib) was founded in 1976 to provide investment banking and project finance services to the Saudi market. Its role has developed since then, but the bank still concentrates on the Saudi corporate market.
Saib is 90 per cent owned by Saudi shareholders: National Commercial Bank, Riyad Bank and Bank al-Jazira own 21.9 per cent and the General Organization for Social Insurance (GOSI) has 8.7 per cent. The foreign shareholders are Chase Manhattan with 7.
5 per cent and Industrial Bank of Japan with 2.5 per cent. After struggling in the 1980s, Saib has performed with increasing confidence during the 1990s. In 1999, net income rose by 4.34 per cent reflecting rises in most income categories, although there were falls in trading securities and foreign exchange earnings.
Costs rose by 9.7 per cent, in part reflecting a resumption of heavy depreciation charges in the year. In the balance sheet, there was a 10.5 per cent rise in loans, placing the bank among the more aggressive of the local banks.
The total balance sheet grew by 6.2 per cent in the year compared with 20 per cent in the previous 12 months. On the liabilities side of the balance sheet, total deposits advanced by 11.21 per cent. Total equity was lifted by 12.
6 per cent, reflecting an active reserve policy. There has in the past been speculation that Saib might merge or be taken over by one of the larger local banks. These suggestions are now firmly dismissed.
The bank considers itself one of the best-managed and efficient in the Saudi market and sees few advantages in being absorbed by a larger entity.
Saib is 90 per cent owned by Saudi shareholders: National Commercial Bank, Riyad Bank and Bank al-Jazira own 21.9 per cent and the General Organization for Social Insurance (GOSI) has 8.7 per cent. The foreign shareholders are Chase Manhattan with 7.
5 per cent and Industrial Bank of Japan with 2.5 per cent. After struggling in the 1980s, Saib has performed with increasing confidence during the 1990s. In 1999, net income rose by 4.34 per cent reflecting rises in most income categories, although there were falls in trading securities and foreign exchange earnings.
Costs rose by 9.7 per cent, in part reflecting a resumption of heavy depreciation charges in the year. In the balance sheet, there was a 10.5 per cent rise in loans, placing the bank among the more aggressive of the local banks.
The total balance sheet grew by 6.2 per cent in the year compared with 20 per cent in the previous 12 months. On the liabilities side of the balance sheet, total deposits advanced by 11.21 per cent. Total equity was lifted by 12.
6 per cent, reflecting an active reserve policy. There has in the past been speculation that Saib might merge or be taken over by one of the larger local banks. These suggestions are now firmly dismissed.
The bank considers itself one of the best-managed and efficient in the Saudi market and sees few advantages in being absorbed by a larger entity.
Shareholding Groups
| Individuals | N/A |
| Institutions | 28% |
| Floating | N/A |
| Government | 16% |
Board Members (Listed in alphabetical order)
| Director | Abdulaziz Al Otaishan |
| Chairman | Abdulaziz O'hali |
| Director | Abdullah Al Dabaan |
| Director | Fouad Kattan |
| Director | Hussain B Al Okby |
| Director | Mahmoud Difrawy |
| Managing Director | Mohamed M Al Rashid |
| Director | Saadeeddine Al Hariri |
| Director | Saleh Al Humaidan |
Stock Performance
Market Information
| Stock | Saudi_Arabia Index | |
| Last Closing | SAR 88.5 | 3424.18 |
| YTD % |  9.835% |  0% |
| Weekly % | 12.921% | 5.55% |
| Year High | SAR 88.52 | 9083.39 |
| Year Low | SAR 59.32 | 3296.01 |
| 52 Week High | SAR 152.74 | 4532.55 |
| 52 Week Low | SAR 76.51 | 2983.01 |
| BETA | 1.3935 | |
| Outstanding Shares | 240,625,000 | |
| Market Cap | SAR 21,295,312,500 | |
| Market Cap in $ | USD $5,678,750,000 | |
| % of Saudi_Arabia Market | 1.73% | |
| % of Sector | 4.63% | |
| Rank by Cap | 12 |
Key Figures in '000 SAR
| 2004 | 2003 | 2002 | |
| Total Assets | 28,543,502 | 21,708,319 | 19,956,674 |
| Shareholder's Equity | 3,509,435 | 2,631,968 | 2,159,987 |
| NIAT | 587,080 | 463,869 | 380,361 |
| Dividends | N/A | 132,000 | N/A |
Financial Ratios
| 2004 | 2003 | 2002 | |
| Assets Growth | 31.49% | 8.78% | 30.85% |
| Earning Growth | 26.56% | 21.95% | 25.08% |
| ROaA | 2.34% | 2.23% | 2.16% |
| ROaE | 19.12% | 19.36% | 18.11% |
| No. Of Shares | 34,375,000 | 22,000,000 | 22,000,000 |
| EPS | 17.08 | 21.08 | 17.29 |
| EPS Growth | 26.56% | 21.95% | 25.08% |
| Payout Ratio | N/A | 28.456 | N/A |
Valuation Ratios
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| PE | |
| PB | |
| DVPS | |
| Div Yield | |
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| EV/Equity |
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