ARAB PETROLEM INVESTMENTS CORPORATION, DAMMAM - SWIFT/BIC Code

ARAB PETROLEM INVESTMENTS CORPORATION, DAMMAM - SWIFT Code Information

SWIFT Code / BIC
APICSADM
Bank / Institution
ARAB PETROLEM INVESTMENTS CORPORATION
Address
APICORP BUILDING, COSAL ROAD
City
DAMMAM
Postcode
31423
Country
Saudi Arabia
Connection
Active
APICSADM - SWIFT Code Breakdown
SWIFT Code
APICSADM or APICSADMXXX
Bank Code
APIC - code assigned to ARAB PETROLEM INVESTMENTS CORPORATION
Country Code
SA - code belongs to Saudi Arabia
Location & Status
DM - represents location, second digit means active code
Branch Code
XXX or not assigned, indicating this is a head office

What is a SWIFT Code APICSADM?

SWIFT Code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also use these codes for exchanging messages between them.

SWIFT codes comprise of 8 or 11 characters. All 11 digit codes refer to specific branches, while 8 digit codes (or those ending in 'XXX') refer to the head or primary office. SWIFT codes are formatted as follows:

AAAA BB CC DDD

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

The registrations of SWIFT Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademark of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.

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