Created by Anna Mileiko 
On September 10, 2014, the Cayman Islands Monetary Authority placed Saad International Bank Limited and Saadgroup Financial Services Company Limited into official liquidation. Effective July 10, 2014, the authority revoked the banks' licensesCategory B.
Saadgroup Financial Services Company Limited has Category B banking license number 100144 issued by the Cayman Islands Monetary Authority. This type of license allows Saadgroup Financial Services Company Limited to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in place for Saadgroup Financial Services Company Limited. It means that in the event of Saadgroup Financial Services Company Limited failure its depositors will not receive any compensation or coverage.
KY1-1105, Grand Cayman, Cayman Islands
2131
Saadgroup Financial Services Company Limited was authorized and supervised by the Cayman Islands Monetary Authority.
internationally
