Manama: Gulf International Bank B.S.C. (GIB) announced the appointment of Khaled Abbas, a seasoned banker with more than two decades of experience, as Group Head of Wholesale Banking at GIB.
Khaled assumes the role after having served as GIB’s Country Head of UAE, where he oversaw continued growth in the UAE market. Prior to joining GIB, he was Executive Vice President and Regional Head – Wholesale Banking Group at Abu Dhabi Islamic Bank for eight years and previously held other senior roles at Samba Financial Group and Banque Saudi Fransi.
Khaled has a Bachelor of Science in Business Studies from the Lebanese American University, Beirut and has obtained executive education degrees from both Darden Business School at the University of Virginia and INSEAD.
Abdulaziz Al-Helaissi, Group Chief Executive Officer of GIB, said, “Khaled’s deep experience and long track record building and managing wholesale banking divisions in the region supports GIB’s strategy and its continued focus on growth and diversification across the region. Whilst GIB has long been a leader in wholesale banking, and in serving large corporate clients and financial institutions, I am confident that under Khaled’s leadership, our position and the value we offer our clients and partners will continue to grow.”
GIB was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia. Consequently, GIB's branch offices in the Kingdom will become part of the Saudi Arabian subsidiary, with the country headquarters located in Al Dhahran.
GIB is owned by the governments of Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the primary shareholder.
GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond. This includes corporate banking, the world’s first Shariah compliant digital retail banking service, meem by GIB and investment banking through its fully owned subsidiary GIB Capital.
GIB Capital is the investment banking and regional asset management arm of GIB, offering innovative solutions in the fields of asset management, bond and Sukuk issuance, loan syndications, financial restructuring, private placements, private sale, IPOs, underwriting equity and debt, as well as mergers and acquisitions.
In addition to its main subsidiaries, London-based GIB (UK) Ltd., and Riyadh-based GIB Capital, GIB has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.
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© Press Release 2019