AXP · News · 20260903N
Acquisition / Partnership / Divestiture
AMERICAN EXPRESS CO · 2026-09-03 · Importance 59 · Surprise 60 · Contradicted
Saudi Investment Bank sold its 50% stake in American Express Saudi Arabia to Amex Middle East. The transaction was completed for SAR1.4 billion, equivalent to approximately $381 million, in cash. SAIB recognized a SAR792 million gain on the sale and planned to use the proceeds to strengthen its financial position. American Express Saudi Arabia issues credit cards and provides other American Express products in Saudi Arabia.
Key facts
- The Saudi Investment Bank sold its 50% stake in American Express Saudi Arabia to Amex Middle East for SAR1.4 billion (US$381 million) in cash. source
- SAIB's sale of its 50% stake in American Express Saudi Arabia resulted in a gain of SAR792 million for SAIB. source
- Institutional investors collectively own 84.33% of American Express Company shares. source
- Nykredit A S acquired 190,226 shares of American Express during the second quarter, valued at approximately $64.3 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -0.1% | The Saudi Investment Bank sold its 50% stake in American Express Saudi Arabia to Amex Middle East for SAR1.4 billion (US$381 million) in… |