Arab Banking Corporation
Arab Banking Corporation (also called Bank ABC) is an international bank with headquarters in the Diplomatic Area of Manama, Bahrain. It was incorporated as a joint stock company in 1980 through a special decree by the Amir of Bahrain. It obtained an offshore banking unit licence from the Bahrain Monetary Agency on 7 April 1980, and began operations in the same month. The bank is listed on the Bahrain Bourse and its major shareholders are the Central Bank of Libya (59.37%) and Kuwait Investment Authority (40.63%). Its network spreads across 17 countries in the Middle East and North Africa (MENA), Europe, the Americas and Asia. It is expanding its retail banking network in the MENA region.
| Company type | Bahraini Shareholding Company |
|---|---|
Traded as | BHSE:ABC |
| Industry | Banking |
| Founded | January 17, 1980 |
| Headquarters | Manama, Bahrain |
Key people | Saddek Omar El Kaber (Chairman) Sael Al Waary (GCEO) |
| Products | International wholesale Commercial banking Universal banking Retail banking Corporate finance Islamic banking Treasury |
| Revenue | US$ 888.0 Million (2014) |
Net income | US$ 256.0 Million (2014) |
| Total assets | US$ 29.4 Billion (2014) |
| Website | www |
Bank ABC is a provider of trade finance, treasury, project and structured finance, syndication, corporate and institutional banking as well as Islamic banking services.