AS&H Clifford Chance advises SAIB on the sale of it's 50% shareholding in American Express Saudi Arabia
2 September 2026
AS&H Clifford Chance is delighted to have advised The Saudi Investment Bank (“SAIB”) on the signing of an agreement with American Express Middle East (Middle East) B.S.C. (c) for the sale of SAIB’s 50% shareholding in American Express Saudi Arabia for approximately SAR 1.4 billion (equivalent to approximately USD 381 million).
The transaction represents SAIB’s exit from American Express Saudi Arabia with Completion remaining subject to regulatory approvals from the relevant authorities.
The AS&H Clifford Chance team was led by Partner and Head of Corporate Majid Al-Sheikh supported by Counsel Aysh-Ahmed Chaudhry, Senior Associate Abdulaziz AlAbduljabbar and Associates Intesar Alkhayyal, Miles Benjamin and Sara Alshabanat. Senior Associate Asfand Ali Gulzar advised on antitrust aspects of the transaction.
This significant transaction further demonstrates our market-leading Corporate / M&A and financial services regulatory capabilities, and continues our track record of advising on the most significant strategic M&A, financial institutions and regulated-sector transactions in the Kingdom.