Overview
An opportunity to subscribe to the DEWA Initial Public Offering (IPO). As Dubai’s exclusive provider of electricity and water, DEWA is a key part of Dubai’s economic growth story and is at the heart of the emirate’s energy transition.
A few facts about DEWA:
- DEWA provides electricity and water exclusively to Dubai’s 3.5 million residents and the millions of people who visit every year
- DEWA is a globally leading fully integrated utilities company, with the generation capacity of 13.4 gigawatts of electricity as well as 490 million imperial gallons of desalinated water each day
- DEWA is leading Dubai’s energy transition to net zero by 2050 and is focused on enabling a clean future for its customers and communities
- DEWA has state-of-the-art infrastructure including the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park, with a planned capacity of 5,000MW by 2030
- DEWA has committed to generating 100% of its total power capacity from clean energy sources by 2050. Around 11.4% of DEWA’s energy capacity currently comes from clean sources
- DEWA has a consistent track record of operational excellence and one of the lowest electricity and water line loss rates in the world
- DEWA operates a sustainable business model with strong ESG management aligned with United Nations Sustainable Development Goals
- Technological innovation is part of DEWA’s DNA and with the launch of its nanosatellite DEWA-SAT 1 in January 2022, DEWA became the world’s first utility company to use nanosatellite technology to enhance its electricity and water networks
- DEWA also has a 70% stake in Empower, the world’s largest district cooling services provider, which has a total contracted capacity of around 1.6 million refrigeration tonnes (RT)
- DEWA owns several other businesses including Mai Dubai, a manufacturer and distributor of bottled water, Digital DEWA, a digital business solutions company, and Etihad ESCO, a company focused on the development and implementation of energy efficient solutions
Important Update on Visa Credit Cards
Effective: 31st December 2024
SIB Credit Cards (Visa) will be discontinued and closed on 31 Dec 2024. We encourage you to settle any outstanding balance on this card before this date.
Existing SIB Visa Credit Cardholders are offered the option to avail our all new Smiles Platinum Visa Covered Card that hosts a wide range of benefits.
SMS “Platinum” to 6667 to contact you, or feel free to call us on 065999999 for more information.
Overview
An opportunity to subscribe to the DEWA Initial Public Offering (IPO). As Dubai’s exclusive provider of electricity and water, DEWA is a key part of Dubai’s economic growth story and is at the heart of the emirate’s energy transition.
A few facts about DEWA:
- DEWA provides electricity and water exclusively to Dubai’s 3.5 million residents and the millions of people who visit every year
- DEWA is a globally leading fully integrated utilities company, with the generation capacity of 13.4 gigawatts of electricity as well as 490 million imperial gallons of desalinated water each day
- DEWA is leading Dubai’s energy transition to net zero by 2050 and is focused on enabling a clean future for its customers and communities
- DEWA has state-of-the-art infrastructure including the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park, with a planned capacity of 5,000MW by 2030
- DEWA has committed to generating 100% of its total power capacity from clean energy sources by 2050. Around 11.4% of DEWA’s energy capacity currently comes from clean sources
- DEWA has a consistent track record of operational excellence and one of the lowest electricity and water line loss rates in the world
- DEWA operates a sustainable business model with strong ESG management aligned with United Nations Sustainable Development Goals
- Technological innovation is part of DEWA’s DNA and with the launch of its nanosatellite DEWA-SAT 1 in January 2022, DEWA became the world’s first utility company to use nanosatellite technology to enhance its electricity and water networks
- DEWA also has a 70% stake in Empower, the world’s largest district cooling services provider, which has a total contracted capacity of around 1.6 million refrigeration tonnes (RT)
- DEWA owns several other businesses including Mai Dubai, a manufacturer and distributor of bottled water, Digital DEWA, a digital business solutions company, and Etihad ESCO, a company focused on the development and implementation of energy efficient solutions
Tayseer "Salary Advance" Service Discontinued
20 June 2024
Effective 20 June 2024, Tayseer “Salary Advance” will no longer be available.
We provide a variety of products and services that helps manage your financial liabilities and organize your expenses. Whether it is an installment postponement, additional finance, or a covered card, we are here to meet your banking needs.
To know more, contact our 24x7 team through 065999999 or visit your nearest branch www.sib.ae/FindUs
Overview
An opportunity to subscribe to the DEWA Initial Public Offering (IPO). As Dubai’s exclusive provider of electricity and water, DEWA is a key part of Dubai’s economic growth story and is at the heart of the emirate’s energy transition.
A few facts about DEWA:
- DEWA provides electricity and water exclusively to Dubai’s 3.5 million residents and the millions of people who visit every year
- DEWA is a globally leading fully integrated utilities company, with the generation capacity of 13.4 gigawatts of electricity as well as 490 million imperial gallons of desalinated water each day
- DEWA is leading Dubai’s energy transition to net zero by 2050 and is focused on enabling a clean future for its customers and communities
- DEWA has state-of-the-art infrastructure including the Mohammed bin Rashid Al Maktoum Solar Park, the world’s largest single-site solar park, with a planned capacity of 5,000MW by 2030
- DEWA has committed to generating 100% of its total power capacity from clean energy sources by 2050. Around 11.4% of DEWA’s energy capacity currently comes from clean sources
- DEWA has a consistent track record of operational excellence and one of the lowest electricity and water line loss rates in the world
- DEWA operates a sustainable business model with strong ESG management aligned with United Nations Sustainable Development Goals
- Technological innovation is part of DEWA’s DNA and with the launch of its nanosatellite DEWA-SAT 1 in January 2022, DEWA became the world’s first utility company to use nanosatellite technology to enhance its electricity and water networks
- DEWA also has a 70% stake in Empower, the world’s largest district cooling services provider, which has a total contracted capacity of around 1.6 million refrigeration tonnes (RT)
- DEWA owns several other businesses including Mai Dubai, a manufacturer and distributor of bottled water, Digital DEWA, a digital business solutions company, and Etihad ESCO, a company focused on the development and implementation of energy efficient solutions
Safe Deposit Locker
Fees & Eligibility Update
To enhance our banking services and to ensure complete transparency, we have revised the Safe Deposit Locker eligibility criteria, effective 1 April 2024, the following criteria will apply on Safe Deposit Locker applications:
1- Customer minimum salary AED 40,000
2- Or minimum average balance for 6 months AED 300,000
3- Security Deposit AED 3,000
4- Minors and Non UAE residents are not eligible
View Schedule of Fees & ChargesOur commitment to unparalleled service
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