‎SAIB to sell entire stake in American Express Saudi Arabia for SAR 1.43B

‎SAIB to sell entire stake in American Express Saudi Arabia for SAR 1.43B ‎SAIB to sell entire stake in American Express Saudi Arabia for SAR 1.43B

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The Saudi Investment Bank (SAIB)headquarter

The Saudi Investment Bank (SAIB) announced that it has signed an agreement with American Express Middle East to sell its entire 50% stake in American Express Saudi Arabia for SAR 1.43 billion ($381.36 million), in addition to deferred purchase consideration, in accordance with the shareholders’ agreement between the two parties.

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The Saudi Investment Bank (SAIB)headquarter

The Saudi Investment Bank (SAIB) announced that it has signed an agreement with American Express Middle East to sell its entire 50% stake in American Express Saudi Arabia for SAR 1.43 billion ($381.36 million), in addition to deferred purchase consideration, in accordance with the shareholders’ agreement between the two parties.

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