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Al-Istithmar to sell stake in American Express for 1.43bn riyals
The article includes the Saudi Investment Bank's announcement of signing an agreement to sell its full 50% stake in American Express Saudi Arabia for 1.43 billion SAR (381.36 million USD), as part of a step to end the shareholders' agreement with the company. The bank projects a capital gain of 792.41 million SAR based on the book value of the investment, which stands at 637.70 million SAR as of the end of November 2025. American Express Saudi Arabia operates in credit card issuance and payment services, with its revenues increasing from 507.41 million SAR in 2023 to 644.29 million SAR in 2025. Its net profit also grew from 88.16 million SAR to 151.97 million SAR during that period. The financial impact of the transaction will be reflected in the bank's financial statements once the transfer is completed.
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