Features & Benefits Multiple Currencies Carry out domestic transactions in Riyal and hold and transact in INR, USD, EUR, or GBP with built-in forex services and competitive rates. Integrated Digital Banking Access 24/7 banking via web and mobile apps with bulk uploads, e-invoicing approvals, and real time alerts. Corporate Payment Tools Manage bulk payroll, vendor payments, tax deductions, and supplier financing directly through the account. Physical & Virtual Cards Control employee expenses with custom spend limits and real time tracking. Overdraft Facility Access overdraft linked to account activity with flexible usage during peak periods, subject to eligibility. Multi-User Access Manage role based access with transaction approvals and audit trails. Eligibility Criteria Required Documents Business Type Must be one of the following and registered in Saudi Arabia: Sole Proprietorship Limited Liability/Partnership Closed Joint Stock Listed Joint Stock Branch of a Foreign Company Nationality / Ownership Must be owned in majority by Saudi nationals or licensed foreign investors. Must have authorized signatories who are residents with a valid Iqama or Saudi nationals with a valid ID. Regulatory Compliance Must be compliant with SAMA guidelines and AML/KYC regulations. Must have an active Commercial Registration and valid licenses as required by MOCI or MISA. Business Address Must have a valid and verifiable commercial address in Saudi Arabia. Must have registration with the National Address system (Wasel). View full Terms & Conditions Select Business Type Sole Proprietorship Entity CR (Mandatory) Owner ID (Mandatory) Certified True Copy of License Issued by SAGIA Valid Certificate Issued by the General Authority for Awqaf Owner's Full Address License/Board of Directors Approval Document Parent Entity CR Limited Liability/Partnership Entity CR (Mandatory) Certified True Copy of License Issued by SAGIA Valid Certificate Issued by the General Authority for Awqaf Parent Entity CR Shareholders IDs (Mandatory) Muqueem Certificate for Authorized Signatories Board/Shareholders Resolution/Letter of Authorization Article of Association (Mandatory) Authorized Signatories IDs (Mandatory) Closed Joint Stock Entity CR (Mandatory) Certified True Copy of License Issued by SAGIA Valid Certificate Issued by the General Authority for Awqaf Parent Entity CR Shareholders IDs (Mandatory) Muqueem Certificate for Authorized Signatories Board/Shareholders Resolution/Letter of Authorization Bylaws (Mandatory) Authorized Signatories IDs (Mandatory) Shareholders Register (Mandatory) Listed Joint Stock Entity CR (Mandatory) Parent Entity CR Muqueem Certificate for Authorized Signatories Board/Shareholders Resolution/Letter of authorization Bylaws (Mandatory) Authorized Signatories IDs (Mandatory) Commercial Register or Professional License/Article of Association (Mandatory) Description Entity CR (Mandatory) Certified True Copy of License Issued by SAGIA Shareholders IDs (Mandatory) Muqeem Certificate for Authorized Signatories (Mandatory) Board/Shareholders Resolution/Letter of Authorization (Mandatory) Commercial Register or Professional License/Article of Association (Mandatory) Authorized Signatories IDs (Mandatory) View full Terms & Conditions Open your Corporate Account Now Connect With Us – Apply through the digital form Review – Our Corporate Banking team conducts the required due diligence and contacts you Account Activation – Receive a secure link from your relationship manager to open your account Connect with Us Video file Frequently Asked Questions What types of businesses are eligible to open a Corporate account? We accept applications from a wide range of businesses registered in Saudi Arabia, including sole proprietorships, limited liability companies (LLCs), joint stock companies, and licensed branches of foreign entities. Can I open a Corporate Account online? Yes. You can now open a Corporate Account through SAIB’s online service without visiting a branch. After you submit your application, SAIB will begin processing it and notify you once the account is successfully opened. How long does it take to open a Corporate Account? There is no specific time. However, for regular current accounts opened in branch, the process is completed in about 25 minutes once documentation is submitted. What services are available once the account is active? Once activated, your corporate account gives you access to SAIB’s corporate internet banking to manage transactions and view account details, along with cash management, trade finance, treasury, corporate credit, and American Express corporate card services. We’re Always Within Reach Stay connected to your banking, through our customer care team, digital channels, and branches everywhere. Customer Care Submit inquiries, raise complaints, and access support anytime. Branches & ATMs Easily locate branches and ATMs wherever you are. E-Banking Services Bank smarter and faster with our secure digital platforms.