SAIB to sell American Express Saudi Arabia stake for $381M
What's the deal? The Saudi Investment Bank (SAIB)Dealroom has a profile for this one. Try Dealroom → has signed an agreement to sell its full 50% stake in American Express Saudi ArabiaDealroom has a profile for this one. Try Dealroom → to Amex (Middle East) B.S.C.Dealroom has a profile for this one. Try Dealroom → The transaction is valued at SAR 1.43 billion, or $381.36 million, payable in cash on completion.
The terms: SAIB is also entitled to a deferred purchase price, reflecting its share of distributable profits generated during the transaction period until the final transfer of shares.
Why now? The divestment follows the termination of a shareholders' agreement originally signed on 25 September 2018.
The numbers: SAIB expects a gain of SAR 792.41 million from the sale, based on the investment's book value of SAR 637.70 million as of 30 November 2025.
American Express Saudi Arabia, a Riyadh-headquartered finance company, reported a net profit of SAR 151.97 million on revenues of SAR 644.29 million for the year ended 31 December 2025.
What's next? Completion remains subject to customary regulatory approvals. SAIB said it will use the proceeds to strengthen its financial position and support its strategic objectives.
The signal: The exit hands full control of the local Amex operation to the group's Middle East arm, consolidating ownership as SAIB reshuffles its balance sheet around core strategic goals.
Read more: english.mubasher.info
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