The Saudi Investment Bank (SAIB) is a Saudi Arabian joint stock company established by Royal Decree No. M/31 dated 25 Jumada II 1396H, corresponding to June 23, 1976. The Bank began operations in March 1977. The shareholders of SAIB, a publicly listed company, include J. P. Morgan Chase, Mizuho Corporate Bank - formerly, The Industrial Bank of Japan, Saudi public and private institutions as well as Saudi Individuals.