Arab Banking Corporation (B.S.C.) (ABCB.BH)

Arab Financial Services appoints new CEO

The AFS Board has announced the appointment of Mr. Samer Soliman as the new CEO from 2 January 2021

CBB, SAMA, and FSB heads participate in the regulator's panel to discuss regulation in the digital age at the 4th MEA Fintech Forum- 2020

Held under the patronage of the Central Bank of Bahrain and hosted by Bank ABC, the 4th MEA Fintech Forum brings together regional regulators and other industry leaders to focus on regulation in the rapidly evolving low-touch economy, and the emergence of Central Bank Digital Currencies among other budding topics

Bank ABC announces its Q3 and nine months 2020 Results

The year to date Net Loss attributable to the Shareholders of the Parent was US$56 MUS$67m at end of H1, continuing to be affected by an increase in Loan Loss Provisions largely related to a major fraud case and Covidillion, improved from -19 impact

"The Bank of the Future" and "2021: Path to Recovery" to be the focal point of Bank ABC's 4th MEA Fintech Forum

Themed 'Banking Beyond Digital', the 2-day event will be streamed live on a state-of-the-art virtual event platform on November 24 and 25, 2020

Bank ABC Magreb CEO to lead Tunisian economy as part of the new government

Mr. Kooli has stepped down from his post of the Chief Executive of Bank ABC in Tunisia to lead the Ministry of Economy, Finance and Investment in the new Tunisian Government.

GFH annouces appointment of Ali Murad and Ahmed Alahmadi to its board of directors

The new Directors each bring a wealth of experience and strong track records in regional and international investment and finance

Bank ABC Islamic announces 16.5% increase in 2019 year-end net profit to $37.3mln

The total operating income as well as net profitability has seen double digit growth as compared to 2018.

Boubyan Bank's Sukuk oversubscribed by more than 6 fold, amounting to USD 4.6 Billion approximately

Issued with the Lowest Profit Rate for a Global Sukuk Issuance from Kuwait

ila Bank Bahrain appoints Chief Executive Officer

Mohamed Al Maraj as its CEO.

Bank ABC announces 2019 results

Net Profit of US$194 Million, Attributable to the Shareholders of the Parent

GDNLife comes to Bahrain

The new addition to the Group's integrated publishing platform which combines print, online and social media, establishes the GDN and the Gulf Weekly as the only media in Bahrain with a social media platform dedicated to the Kingdom's community of citizens and expatriates

Al Khaleej Bank signs for iMAL Islamic core banking platform

Path Solutions will implement core, BI and digital solutions to secure the bank's digital future

AFS named official POS acquirer for The Bahrain International Circuit

The three-year agreement will see AFS embed its state-of-the-art POS acquiring solution across all retail outlets at BIC effective immediately

Azizi Developments partners with Dubai Islamic Bank and other leading financial institutions

The most recent agreement has been formed with its long-standing partner Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.

Announcing the winners: Finance Forward MENA 2019

The program was held in partnership with MetLife Foundation, an advisory board of MENA-based investors and experts, and local partners including Beyond Capital and Endeavor Jordan

ABC Bahrain generates over 1.6 million business referrals during 2019

The portal, which has now established itself as the leading business reference resource for anyone looking for contact and business information about companies in the Kingdom, provides a unique promotional service which helps companies promote themselves to potential buyers of their products and services.

Seef Properties announces partnership with AFS to launch a Gift Card application by Q3 2020

Seef Properties appointed AFS to design and develop the mobile application and manage its electronic financial operations.

University of Bahrain students win prizes in AFS' bwallet challenge

Winning attractive cash prizes, the first-place winners for the design of a new user interface for Bahrain's most popular mobile wallet app - bwallet were Mohammed Mukhtar, Hussain Mohammed, Abdulla Ayoob and Ghufran Abdulla

Inauguration of 'The Face', an abstract modern sculpture That Celebrates Bahrain and Bank ABC 

Conceived by world-renowned artist, Victor Ekpuk, the new landmark sculpture in the heart of the Diplomatic Area pays tribute to the Kingdom and reflects the changing face of a 40-year-old institution

Bank Negara Malaysia to Helm IFSB Chairmanship for 2020

ACWA Power commences commercial operations at Risha PV in Jordan

The USD 68 million solar plant with a capacity of 50 MW marked Commercial Operation Date (COD) on schedule

FSS and AFS partner to promote digital payments in the Middle East

Partnership advances growth of digital payments in the Middle East

DIFC FinTech Hive showcases over 30 'Proof of Concept' start-up successes at Investor Day

Proof of Concepts increase by 50% in 2019 as ambitious start-ups

Bank ABC Islamic announces 13.9 % increase in nine-months 2019 net profit to US$28.9 million

Net profit for the first nine months was US$28.9 million, 13.9% higher than the profit of US$25.3 million reported in the first nine months of last year.

Bank ABC announces nine months 2019 Net Profit of US$161 Million

Attributable to the Shareholders of the Parent

Dentons advises Bank of Sharjah on its tender offer and new issuance of MTN

The amount of existing securities tendered and redeemed was US$306.8 million

Bank ABC's AI-powered digital employee 'Fatema' is the world's first Digital DNA (TM) Human

Bank ABC launches the first synthetic Digital Human using Soul Machines' Digital DNA ™ technology.

Bwallet's international money transfer service expands to UK

Until 30th September 2019, bwallet users can also enjoy no transaction fees when sending money to the UK

31 innovative global start-ups to participate in the third edition of DIFC FinTech Hive's 2019 accelerator programme

Finalists join the 2019 cohort, from across the world including start-ups from Asia, Europe, Middle East and North Africa

 Royal Jordanian's Royal Club members to earn award miles upon purchase of Tikram Meet & Greet services

Through this partnership, Royal Club members departing, arriving or transiting at Queen Alia Airport can enhance their airport experience by purchasing any of Tikram Meet and Greet services which come at convenient prices and at the same time earn Royal Club award miles

Cinépolis moviegoers enjoy cashless viewing with bwallet

Bwallet users can enjoy a buy one ticket, get one free offer on tickets at cinépolis (sunday to wednesday) and 25% off tickets (thursday - saturday) - this is valid starting september 1st and subject to applicable terms and conditions

Bank ABC announces first half 2019 net profit of US$112 million

Attributable to the Shareholders of the Parent

Bank ABC Islamic announces 21% increase in first half 2019 net profit

Total operating income rose to $22.3million

AWS launches region in the Middle East 

New AWS Region expands cloud pioneer's global footprint, enabling customers to innovate faster and run workloads from data centers located in the Middle East

Dubai International Financial Centre boosts UAE financial sector development; reports significant growth during first half of 2019

Maktoum bin Mohammed: "Strong performance by DIFC highlights the international financial institutions' confidence in Dubai"

Ithmaar Bank earns prestigious regional award for its personal finance offerings

Ithmaar Bank, a Bahrain-based Islamic retail bank, was named "Best Bank for Personal Finance in Bahrain" by the World Union of Arab Bankers (WUAB)

OCTAL arranges banking facilities to support growth of manufacturing sector in Oman

The new term loan facility (Facility) has been provided by seven local and international banks

Burgan Bank issues $500,000,000 perpetual Tier 1 capital securities

The securities comply with the Basel III regulatory framework that's adopted by the Central Bank of Kuwait

Euromoney Holds 6th Annual Conference in Jordan under the theme: Stability, innovation and transformation - Jordan's economic challenge

This year's event welcomed over 300 local and international delegates

Euromoney announces its Annual Conference in Jordan

This year’s agenda will explore how Jordan can reach its full economic potential and how the Kingdom can work to achieve macro-economic stability.