Saudi Investment Bank  - Credit card Mastercard

 

Minimum Salary needed Not mentioned
Maximum amount available Not mentioned
Length of Loan Life Time
Profit Rate Not mentioned
Upfront Fees ( if any ) Not mentioned
Eligibility Not mentioned
Main Features SAIB Credit Cards were designed to be compatible with Sharia compliance by applying Tawarruq principle; Purchase Protection; Free Lounge Access; Rewards Program from SAIB; Get 0.25% cash back on every transaction at the end of each year with your SAIB Credit Cards; The lowest amount must be paid in installment due date is typically 5% of the overall balance in the account statement ;

Saudi Investment Bank

The Saudi Investment Bank (SAIB) is a Saudi Arabian joint stock company established by Royal Decree in the year 1976 and it began operations the following year.
As a publicly listed entity, the shareholders of SAIB are as follows:

  •     J. P. Morgan Chase;
  •      Mizuho Corporate Bank ;
  •      The Saudi Arabian Public;
  •     Private institutions; and
  •     Individual Saudis.

The bank also offers tailor-made wholesale, retail and commercial banking services that are Shariah-compliant To be particular, the bank makes arrangements for financing of quasi-government and private industrial sectors and trade finance products and services aimed at facilitating imports and advancing Saudi exports.
SAIB has also established successful joint-ventures and subsidiaries to take care of Investment Banking and Share Trading, Asset Management, Leasing, Mortgages, Insurance and Credit Cards.

Riyadh

Riyadh, whose name means the gardens, is one of the largest and prominent cities in the MENA zone. Additionally, Riyadh is the capital and largest city in Saudi Arabia. The same way other large and densely populated Arabian cities such as Jeddah and Dammam are, Riyadh has a surging population exceeding 5.7 million.
For the purposes of public administration, Riyadh is divided into 15 municipal districts that are managed by Riyadh Municipality, under the oversight of its mayor.
Riyadh’s current position of prominence in the MENA zone is not something she was in-born or inherited. It is something that is traceable to visionary leadership that led the Kingdom from 1940’s onwards.

Credit Card-MasterCard

Our broad-base Master card is crafted with your convenience and needs in focus. That is the reason we have tailored it in three different options for you to choose what is best for your lifestyle. You have a triple variety to choose from: Silver Card, Gold Card and Titanium Card.

Key features and benefits:

  •     Enjoy  more savings;
  •     Enjoy the privilege of Tawarruq principle from SAIB;
  •     Purchase Protection on your treasured  valuables ;
  •     Get  free Lounge access;
  •     Verification of user ID;
  •     Get free  SMS notifications;
  •     Rewards Program from SAIB ;
  •     Cash-back programs;
  •     WOOW rewards program;
  •     Total convenience; and
  •     Dedicated 24/7 call service for all cardholders.