Al Saud Investment offloads Amex stake
The Saudi Investment Bank announced that it has signed an agreement to sell its 50% stake in American Express Saudi Arabia for 1.43 billion riyals. The payment will be received upon completion of the deal, in addition to a deferred payment based on the company's profits during the period from signing until transfer. The transaction is subject to regulatory approvals and the fulfillment of necessary conditions. American Express Saudi Arabia, which operates in credit card issuance and payment services, recorded an increase in its revenues from 507.41 million riyals in 2023 to 644.29 million riyals in 2025. Its net profits also rose from 88.16 million riyals to 151.97 million riyals during the same period.
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