Article details
The Saudi Investment Bank (SAIB) has formally agreed to sell its entire 50% stake in American Express Saudi Arabia to American Express Middle East for SAR 1.43 billion ($381.36 million). The deal includes a cash consideration along with deferred purchase considerations reflecting the bank's share of distributable profits until the transfer is finalized. SAIB noted the book value of this investment was SAR 637.70 million as of November 2025.
