About 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.
Employees’ motivation
The bank’s management is keen to motivate its Human Capital through giving them the opportunity to grow and getting higher positions based on their performance & qualifications.
Based on that, HR strategy in this regards is giving high priority to the internal potentials, before looking outside the organization, to motivate our staff to do their best at work and increase their loyalty and organization commitment.
Investing in People
SAIB conducts a wide range of training & development programs through in-house and public courses.
These programs are designed in the first place to enhance employees’ capabilities and skills and keep them competitive to the dynamic market criteria. This enhancement will increase employees’ performance efficiency and on the other hand customer satisfaction and loyalty to the Bank’s level of service.
Succession planning
As part of HR strategic role, we are preparing a second & third lines in all sectors to be ready to take the responsibility at any time, through a number of programs that ensure that their technical & soft skills are matching with the required qualifications for their future positions.
Compensation and Benefits
SAIB provides a very competitive Compensation & Benefit scheme to attract, retain and satisfy its workforce during their work with SAIB.
As for the medical package, SAIB provide its workforce and their families a wide range of medical networks with a competitive coverage.
Company Details
Website
Headquarters
Giza, Egypt
Year founded
1972
