Finance
Kuwait International Bank
(Listed on the Kuwait Stock Exchange)
Co-established as Kuwait Real Estate Bank (KREB) in 1973, by the Founder & Chairman of the Bukhamseen Group. The Kuwait
International Bank (KIB) performs all types of banking transactions.
Activities & Objectives
For our customers
Realising a superior banking relationship and comprehensive and efficient banking services to meet the needs of the domestic and international markets.
For our staff
Realising a rewarding and stimulating working environment, and delegating responsibilities so as to respond to customers, needs and to avail of future opportunities for development. Additionally, contributing to creating a competent manpower base highly conversant in Islamic banking.
For the shareholders
Realising worthwhile returns on Sharia compliant Investments.
For the Society
Contributing to social development and meeting the society’s needs of Sharia compliant investment products.
As a Bank
Realising a notable presence and recognition among other banks. Also, achieving professional business management standards.
Achievements
The Central Bank of Kuwait has approved KIB’s conversion to Islamic banking. KIB is in the process of expanding from its current seven branches to over 20, and currently offers a full range of Islamic retail and commercial banking products. On 31 March, 2007, the bank was assigned a high rating by Fitch, based on the bank’s high credit worthiness. The rating also reflects KIB’s credit worthiness in light of its capital adequacy and operating efficiency. KIB’s assets total US$ 3 billion with a net worth of US$ 500 million.
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The First Gulf Bank
(Listed on the Abu Dhabi Stock Market)
Headquartered in Abu Dhabi, UAE, the First Gulf Bank was co-established in 1979 by the Founder & Chairman of the Bukhamseen Group.
Activities & Objectives
  • Providing financial services in various business and industrial areas with a wide network of branches across the Emirates.
  • Engaging in corporate and retail banking, investments, and real estate transactions and services.
  • Setting standards of excellence, exploring new opportunities and pursuing innovation.
  • Delivering products and services that address the needs of a dynamic economy and meet customer requirements.
Achievements
  • Recognised among the leading banks in the UAE.
  • The bank continues to raise service standards, while simultaneously investing in technology, systems and people.
  • The long-term, short-term and individual ratings of FGB reflect its sound capitalisation, good profitability and liquidity.
  • The total assets of FGB has reached US $15 billion and has a net worth of US $3 billion.
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The Egyptian Gulf Bank
(Listed on the Egypt Stock Market)
Headquartered in Egypt, the Egyptian Gulf Bank (EGB) was established in 1982, as a joint venture between both the Egyptian and GCC banking industries.
Activities & Objectives
The bank mainly offers corporate banking products which service the business community at both the domestic and regional levels. The largest portion of its loan portfolio is in the trade sector (47%), followed by the industry and service sectors.
Achievements
Since inception, EGB has achieved steady growth. To date, it has opened 10 branches. The bank continues to raise its service standards, and is steadily expanding its customer base.
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