Gulf International Bank Saudi Arabia (GIB SA)

Key details

• Parent: ship

Overview

Gulf International Bank Saudi Arabia (GIB SA) is Saudi Arabian commercial banking subsidiary of Gulf International Bank GIB Bahrain parent + GIB Bahrain parent ~100%+ controlling via Public Investment Fund PIF Saudi Arabian sovereign wealth fund ultimate ownership + Saudi Arabia's first digital-first commercial bank + founded Aug 24 2018 in Riyadh Saudi Arabia as Saudi Arabia's first standalone digital-first commercial bank under Vision 2030 [1, sa-cro].

History

Aug 24 2018 — Gulf International Bank Saudi Arabia GIB SA founded in Riyadh Saudi Arabia as Saudi Arabia's first standalone digital-first commercial bank under Vision 2030 + GIB Bahrain parent + Public Investment Fund PIF Saudi Arabian sovereign wealth fund consolidation distinctive Saudi Arabian digital banking heritage as Saudi Arabia's pioneer digital-first commercial bank.

2014 — meem digital-first retail commercial banking app launch (pre-GIB SA founding).

Ownership & operator

Operating entity: Gulf International Bank Saudi Arabia GIB SA (Saudi Arabian commercial banking subsidiary of Gulf International Bank GIB Bahrain parent).

Major shareholders: GIB Bahrain parent ~100%+ controlling via Public Investment Fund PIF (Saudi Arabian sovereign wealth fund) ultimate ownership.

Regulators: SAMA Saudi Central Bank + Central Bank of Bahrain CBB via GIB Bahrain parent.

Technical integration

GIB SA meem Mobile app (iOS + Android) + meem.com online + GIB SA digital-first retail commercial banking + limited Saudi Arabian branch network + GIB SA Visa + Mastercard cards; mada Saudi national payment scheme + mada Pay (Saudi national mobile QR payment scheme + NFC) + SARIE Instant (Saudi instant payments) + Saudi Riyal SAR domestic transfers.

Implementations & partners

Parent group: [[gulf-international-bank]] (Gulf International Bank GIB; Bahraini wholesale + commercial bank; Middle East's premier wholesale + corporate commercial bank; Public Investment Fund PIF Saudi Arabian sovereign wealth fund ~97%+ controlling).

Major Saudi Arabian banking + payments competitors: [[saudi-national-bank]] (Saudi National Bank SNB; Tadawul: 1180; Saudi Arabia's largest commercial bank by assets) + [[al-rajhi-bank]] (Al Rajhi Bank; Tadawul: 1120; world's largest Islamic commercial bank by market cap) + [[arab-national-bank]] (Arab National Bank ANB; Tadawul: 1080) + [[alinma]] (Alinma Bank; Tadawul: 1150) + [[riyad-bank]] (Riyad Bank; Tadawul: 1010) + [[saudi-awwal-bank]] (Saudi Awwal Bank SAB; Tadawul: 1060) + [[banque-saudi-fransi]] (Banque Saudi Fransi BSF; Tadawul: 1050) + [[bank-albilad]] (Bank AlBilad; Tadawul: 1140).

Regulators: SAMA Saudi Central Bank + Central Bank of Bahrain CBB via GIB Bahrain parent.

Status

Active, Saudi Arabian commercial banking subsidiary of Gulf International Bank GIB Bahrain parent + GIB Bahrain parent ~100%+ controlling via Public Investment Fund PIF Saudi Arabian sovereign wealth fund ultimate ownership + Saudi Arabia's first digital-first commercial bank + founded Aug 24 2018 in Riyadh Saudi Arabia as Saudi Arabia's first standalone digital-first commercial bank under Vision 2030 [1, 2].

Sources

• 1 GIB SA meem — official
• 2 GIB — Wikipedia
• sa-cro In-corpus: reports/countries/SA-saudi-arabia.md

Source

Biography extracted from gulf-international-saudi.md. See matrix.md for standards-support matrix if present.