Meem (bank)

meem (meem م) is the retail banking arm of Gulf International Bank B.S.C. (GIB), offering retail banking services to Saudi customers. It is intended to target the technophile customer base by offering Sharia-compliant, non-traditional banking services licensed by the Saudi Arabian Monetary Agency.

meem is a registered trademark and independent brand using online and mobile banking as the primary platforms of banking. Upon opening an account, all services can be carried out electronically. Meem has stores in Riyadh, Jeddah and Al Dhahran and provides services such as completing the account opening process, cash withdrawals, deposits and transfers, and account maintenance.

meem was created after engaging with a large target customer base using various social media channels over three years, gaining insight into users' needs and preferences.

GIB is owned by the six GCC governments, with the Public Investment Fund of Saudi Arabia holding a majority stake (97.2 per cent). The Bank is chaired by H.E. Jammaz bin Abdullah Al-Suhaim.