{"id":83079,"date":"2024-02-05T00:00:00","date_gmt":"2024-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/"},"modified":"2024-02-05T00:00:00","modified_gmt":"2024-02-05T00:00:00","slug":"saibs-bottomline-up-16-8-y-o-y-in-fy-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/","title":{"rendered":"Saib\u2019s bottomline up 16.8% y-o-y in FY 2023"},"content":{"rendered":"

The <\/strong>Saudi Investment Bank (Saib)<\/a><\/strong>reported a 16.8% <\/strong>y-o-y<\/strong> rise in net income before zakat <\/strong>and income tax in FY 2023 <\/strong>to c. SAR 1.8 bn on the back of an increase in total operating income, according to a disclosure to Tadawul<\/a> yesterday. Its topline from its financing and investment business grew 21.4% y-o-y to SAR 3.4 bn in the same period on the back of an increase in gross financing and investment income.<\/p>\n

Saib\u2019s investments rose 14.6% y-o-y last year to SAR 32.3 bn<\/strong>, while its assets jumped 19.2% y-o-y to SAR 130 bn. Client deposits were up 19.6% y-o-y to SAR 83.2 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

Saib\u2019s investments rose 14.6% y-o-y last year to SAR 32.3 bn<\/p>\n","protected":false},"author":1,"featured_media":83080,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2607],"tags":[285,10,858,859],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam-ksa","tag-saib","tag-saudi-investment-bank","wpautop","entry"],"acf":{"mongo_id":"8b4c092c-ffa3-4f10-8a57-8421db47c902","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/216.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saib reports 16.8% y-o-y uptick in net income on higher total operating income","related_issue":[83064],"teaser":"Saib\u2019s investments rose 14.6% y-o-y last year to SAR 32.3 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.26e7fcbf-f2bb-40d2-a394-f915cf74ff37.mp3"},"yoast_head":"\nSaib\u2019s bottomline up 16.8% y-o-y in FY 2023 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saib\u2019s bottomline up 16.8% y-o-y in FY 2023\" \/>\n<meta property=\"og:description\" content=\"Saib\u2019s investments rose 14.6% y-o-y last year to SAR 32.3 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/216.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saib\u2019s bottomline up 16.8% y-o-y in FY 2023\",\"datePublished\":\"2024-02-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\"},\"wordCount\":102,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/216.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EARNINGS WATCH\",\"EnterpriseAM KSA\",\"Saib\",\"Saudi Investment Bank\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/02\/05\/saibs-bottomline-up-16-8-y-o-y-in-fy-2023\/\",\"name\":\"Saib\u2019s bottomline up 16.8% y-o-y in FY 2023 - 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