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Arab Banking Corporation

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Arab Banking Corporation
TypeFinancial Services
Founded17th January 1980
HeadquartersManama, Bahrain
Key peopleMohammed Layas-Chairman
Hassan Ali Juma-CEO
Net income$461 million
Total assets$32,744 million
Websitehttp://www.arabbanking.com/index/index.asp

The Arab Banking Corporation(ABC) is a bank based in Bahrain but operates across the middle east. ABC was formed in 1980 and currently operates in 21 countries. It shares trade in 10 stock markets. The majority of shares are held by the Kuwaiti, Libyan, and Abu Dhabi governments. The Kuwaiti shares are held by the Kuwait Investment Authority; Abu Dhabi's stake are held by Abu Dhabi Investment Authority, while Libya's shares are held by Central Bank of Libya.

The ADIA has sold much of their stake to the Central Bank of Libya. Currently, Libya has a nearly 60% stake in the bank.[1]


Contents

Management

Board of Directors

Mohammed Layas - Chairman

Hilal Al-Mutairi - Deputy Chairman

Hareb M. Al Darmaki - Deputy Chairman

Eissa Al Suwaidi - Director

Abdulla Saad Al-Humaidhi - Director

Dr. Anwar Al-Mudhaf - Director

Hassan Juma - Director

Mohamed A. Shokri - Director

Dr. Mohammed A. Abusneina - Director

Saeed Al Hajeri - Director

Dr. Yousef Al Awadi - Director

Khaled Zentuti - Director

Senior Management

Hassan Ali Juma President & Chief Executive
Khaled Kawan Deputy Chief Executive & Chief Banking Officer

Shareholder

Kuwait Investment Authority 28.61%
Central Bank of Libya 60%
Abu Dhabi Investment Authority ?
Private Investors 16.37%
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