Principal Activities
Provides commercial banking services including deposits, loans and credit cards.
Date of Establishment Year
1993 (July)
No of Employees
697 Company, N/A Headquarters (As of Jul 28, 2011)
Important/Recent Developments
Operations started in May 1994
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Major Shareholders  |
Section Updated: 30Jul11
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|
|
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United Bank for Investment
|
Corporate |
Iraq |
- |
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Al Janaby General Trading and Contracting Group
|
Corporate |
Iraq |
- |
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Majid Hamid Ali Al Hafidh
|
Private |
Iraq |
- |
|
Hani Hamid Ali Al Hafidh
|
Private |
Iraq |
- |
Note: The above shareholders own the majority of the company's shares.
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| Direct Investments and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Baraem Al Kheir Brokerage company |
Iraq |
100.00% |
| Al Ibdaa Middle East for Contracting and Real Estate Investment |
Iraq |
40.00% |
| Middle East Company for Softwares and Systems |
Iraq |
26.00% |
| United Middle East for Contracting |
Iraq |
25.00% |
| Armic for Touristic investments |
Iraq |
20.00% |
| Middle East Fish Marketing and Production Company |
Iraq |
20.00% |
|
| Investments |
|
|
|
|
| Iraqi Bank Guarantees Company |
Iraq |
11.00% |
| Iraqi Company for Financing SMEs |
Iraq |
11.00% |
|
Auditors
| Adel Al Hasoun and Company |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
IQD'000 |
IQD'000 |
change (%) |
Total revenues  |
22,487,186
|
20,981,611
|
(6.70) |
| Net profit |
12,230,702
|
10,075,461
|
(17.62) |
| Total assets |
557,540,022
|
580,125,543
|
4.05 |
| Paid-up capital |
55,000,000
|
66,000,000
|
20.00 |
| Shareholders' Equity |
75,547,215
|
84,098,352
|
11.32 |
| Shares outstanding |
55,000,000
|
66,000,000
|
20.00 |
| » View Full Financials |
|
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