SWIFT Code APIASAR1 — ARAB PETROLEUM INVESTMENTS CORPORATION, DAMMAM

About SWIFT Code APIASAR1 — ARAB PETROLEUM INVESTMENTS CORPORATION, DAMMAM

SWIFT code APIASAR1 is the official 8-character head-office BIC (Bank Identifier Code) for ARAB PETROLEUM INVESTMENTS CORPORATION in DAMMAM, Saudi Arabia. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by ARAB PETROLEUM INVESTMENTS CORPORATION for all outward international remittances from DAMMAM. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code APIASAR1

The code APIASAR1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code APIASAR1

Receiving International Wire Transfers

To receive money from abroad at your ARAB PETROLEUM INVESTMENTS CORPORATION account in DAMMAM, share SWIFT code APIASAR1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at ARAB PETROLEUM INVESTMENTS CORPORATION, DAMMAM must provide SWIFT code APIASAR1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using ARAB PETROLEUM INVESTMENTS CORPORATION in DAMMAM rely on SWIFT code APIASAR1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for ARAB PETROLEUM INVESTMENTS CORPORATION →

For cheque clearing or NACH mandates, use the MICR code for ARAB PETROLEUM INVESTMENTS CORPORATION →

For TDS challan deposits, find the BSR code for ARAB PETROLEUM INVESTMENTS CORPORATION →

How SWIFT Code APIASAR1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code APIASAR1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to ARAB PETROLEUM INVESTMENTS CORPORATION.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: ARAB PETROLEUM INVESTMENTS CORPORATION receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code APIASAR1

• Spaces or lowercase letters — Always enter APIASAR1 uppercase with no spaces.
• Using the wrong city — This code is for DAMMAM only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Saudi Arabia.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm APIASAR1 directly with ARAB PETROLEUM INVESTMENTS CORPORATION's DAMMAM branch or via the SWIFT BIC Directory.