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عربي

Gulf International Bank

  
Also known as: GIB
 
 
 
 
 
 
 
 
 
 
Updated: Sep 14, 2011
 
 
 
Country

Bahrain

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Provides conventional and Islamic investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; conventional and Islamic commercial banking services including deposits and loans; private equity investments.
 
Date of Establishment Year
1975 (November)
 
No of Employees
440 Company, N/A Group (As of Sep 06, 2011)
 
Branches
Saudi Arabia (2) United Kingdom United States
 
Representative Offices
Lebanon UAE  
 
 
Contact Details
Address:
Al Dowali Building
3 Palace Avenue
Diplomatic Area
P.O. Box 1017
Manama  
Capital
Bahrain
 
Tel:
+973 17-534000
 
Fax:
+973 17-522633
 
Website:
www.gibonline.com

 
 
 IPO Details
Subscription
Period:
2011
 
 
 Sukuk Details
Sukuk Name:
Gulf International Bank Sukuk
Type of Structure:
Murabaha
Issue Size (mil):
USD  300.00
 
 
 M&A Details
 
Acquistion
 
Status
Complete
 
Acquirer
 
Target
 
Announcement Date
23 Sep 2008
 
Closing Date
23 Sep 2008
 
 
 Business Overview
The Bahrain-based Gulf International Bank (GIB) provides conventional and Islamic investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offerings and underwriting; the bank’s conventional and Islamic commercial banking services include deposits and loans and private equity investments in various sectors.

GIB CapitalGIB CapitalLoading..., formerly known as GIB Financial Services, is a subsidiary based in Saudi Arabia that provides Islamic and conventional investment banking services, including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting and Islamic and conventional private equity investments in various sectors.

GIB is one of the top investment banks in Bahrain, in terms of total revenues and total assets for 2010. Its total revenues decreased by 40.08% to BHD353.7 million (USD934.2 million), while net profits increased by 171.49% to BHD109 million (USD288 million), in 2010.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Public Investment Fund  Government Saudi Arabia 97.22% 
Kuwait Investment Authority  Government Kuwait 0.73% 
Qatar Holding  Government Qatar 0.73% 
Bahrain Mumtalakat Holding Company  Government Bahrain 0.44% 
Emirates Investment Authority  Government UAE 0.44% 
Ministry of Finance - Oman  Government Oman 0.44% 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
GIB Capital Saudi Arabia 100.00%
GIB Capital Investments United Kingdom 100.00%
GIB Investment Bahrain 100.00%
Gulf International Bank - Saudi Arabia Saudi Arabia 100.00%
Investments
Name  Country  Holding 
United Arab Chemical Carrier Company UAE 10.50%
Masharie UAE 7.10%
Riyadh Cement Company Saudi Arabia 3.64%
Ajlan Bin Abdulaziz Al Ajlan and Brothers Saudi Arabia 2.38%
Al Ittefaq Steel Products Company Saudi Arabia 1.70%
GCC Energy Fund L.P. -
 
 
 Representatives
Auditors
KPMG Fakhro  
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  USD'000 USD'000 change (%)
Total revenues  590,300 353,700 (40.08)
Net profit  (152,600) 109,100 171.49
Total assets 16,207,700 15,527,700 (4.20)
Paid-up capital 2,500,000 2,500,000 0.00
Shareholders' Equity 1,779,400 1,918,000 7.79
Shares outstanding 2,500,000 2,500,000 0.00
» View Full Financials