main navigation menu miga logo
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Subscribe to Our Monthly Newsletter
x

About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Türkiye

Saudi American Bank - Istanbul

$4.5 million
Banking
Project Brief
Not Active
twitteremail

MIGA issued a guarantee for $4.5 million to Saudi American Bank for its capital contribution. to expand its branch-banking operations in Istanbul, Turkey. Saudi American Bank provides a wide range of advisory and financial services in Turkey. The project will assist Turkey in expanding and diversifying the financial resources available for productive investment in the country, will expose domestic financial institutions to more international competition, and will contribute to improved trade and investment relations between Turkey and Saudi Arabia. MIGA's guarantee covers the risks of currency transfer and expropriation. This project represents MIGA's first coverage of an investment by a firm from a developing member country in another developing member country.

twitteremail