Asset SalesData
Saudi Investment Bank Sells 50% Amex Saudi Stake for USD 381.4M
Transaction values the stake at more than double book, with SAR 792.4 million gain expected at completion.
Saudi Investment Bank Exits American Express Joint Venture#
Saudi Investment Bank is selling its 50 percent stake in American Express Saudi Arabia to American Express Middle East for USD 381.4 million in cash, according to a Tadawul disclosure filed 4 September 2026. The transaction includes upfront consideration of SAR 1.43 billion plus deferred amounts tied to distributable profits from signing to completion. SAIB held the stake under a shareholders' agreement dated 25 September 2018. The bank stated the proceeds will be used to strengthen its financial position.
Transaction Terms and Expected Gain#
The sale values SAIB's holding at more than double its book value of SAR 637.7 million as at 30 November 2025. The bank expects to record a gain of approximately SAR 792.4 million on completion. The deferred consideration will be calculated according to the existing shareholders' agreement and will represent SAIB's share of distributable profits generated between signing and the transfer of shares. Final proceeds will be disclosed when the transaction closes. The book value figure was reported as at 30 November 2025 in the Tadawul filing.
Stake Consolidation and Joint Venture Structure#
The disposal transfers full ownership of American Express Saudi Arabia to American Express Middle East. SAIB entered the joint venture in 2018 as a 50 percent partner. The transaction exits SAIB from the payments joint venture entirely. American Express Middle East will hold 100 percent of the Saudi operating company following completion. The shareholders' agreement governing the arrangement was executed on 25 September 2018.
Completion Timeline and Disclosure Requirements#
SAIB will disclose material developments, including the completion date and final deferred consideration, in accordance with applicable regulations. The transaction remains subject to customary closing conditions. The bank filed the initial disclosure on the Tadawul exchange on 4 September 2026. The final value of the deferred component depends on distributable profits generated by American Express Saudi Arabia during the period from signing to share transfer completion.
Sources2 sources across 2 domains
- enterpriseam.comenterpriseam.comSAIB selling 50% stake in American Express Saudi Arabia for SAR 1.43 billion with SAR 792.4 million gain expected
- waya.mediawaya.mediaTransaction details including book value of SAR 637.7 million as at 30 November 2025 and shareholders' agreement date of 25 September 2018
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