GIB

Press Releases

Gulf International Bank Participates as Strategic Partner at Bahrain FinTech Forum

Gulf International Bank (GIB) participated as a Strategic Partner at the Bahrain Association of Banks (BAB) Annual Forum, which this year focused on "FinTech: Opportunities and Challenges for Bahrain’s banking industry.  The Forum was held at the Gulf Hotel in Manama under the patronage of the Central Bank of Bahrain (CBB) and was inaugurated by its Governor, His Excellency Rasheed Al Maraj. 

Read more 05.11.2018

Gulf International Bank Announces New Board of Directors

Gulf International Bank (GIB) today announced the appointment of a new Board of Directors effective August 26th 2018 until August 25th 2021. The new Board will be headed by Dr. Abdullah bin Hassan Alabdulgader, who continues in his role as Chairman, and comprises the following members.

Read more 21.10.2018

GIB participates in the KSA Embassy celebrations in Bahrain on the occasion of the 88th National Day

في ظل العلاقات التاريخية والمميزة بين المملكة العربية السعودية ومملكة البحرين شارك بنك الخليج الدولي كأحد الرعاة في احتفالية اليوم الوطني (88) للمملكة العربية السعودية.

Read more 30.09.2018

GIB Capital Advises Al Tala’a International Transportation Company on Sale of Byrne Equipment Rental to Itqan Investments and Tamar VPower Energy Fund

GIB Capital, the investment banking arm of Gulf International Bank (GIB), today announced that it has acted as the financial advisor to Al Tala’a International Transportation Company (“Al Tala’a or Hanco”) on the SAR 930 million sale of Byrne Equipment Rental to Itqan Investments and Tamar VPower Energy Fund.GIB Capital, the investment banking arm of Gulf International Bank (GIB), today announced that it has acted as the financial advisor to Al Tala’a International Transportation Company (“Al Tala’a or Hanco”) on the SAR 930 million sale of Byrne Equipment Rental to Itqan Investments and Tamar VPower Energy Fund.

Read more 09.09.2018

Gulf International Bank reports 2018 half year financial results

Gulf International Bank B.S.C. (GIB) today announced its financial results for the half year ended 30th June 2018. Net income before provisions and tax for the six month period increased by 50 per cent to $89.8 million compared to $60.0 million in the prior year period. The year-on-year increase resulted from continued growth in the Bank’s broad range of business activities. The result for the first six months of 2018 also benefited from a $26.5 million recovery on a previously written off loan. 

Read more 09.08.2018

GIB continues progress in expansion strategy and strengthening of KSA presence

Gulf International Bank (GIB) today announced further progress in the implementation of its expansion strategy to position itself as a pan GCC-universal bank. GIB is now in its final stages of completing the necessary steps to convert its branches into a locally incorporated bank in the Kingdom of Saudi Arabia (KSA), GIB’s largest market, offering the Bank potential for further growth.

Read more 06.08.2018

Arun Hari appointed Group Chief Risk Officer at GIB

Gulf International Bank (GIB) is pleased to announce that Arun Hari has been appointed as Group Chief Risk Officer as of June 2018.

Arun Hari has over 27 years of corporate banking experience in the MENA region, including 20 years with the HSBC Group in Saudi Arabia and the United Arab Emirates. Before joining GIB, he worked as Country Head of Global Banking at the Saudi-British Bank SABB.

Read more 31.07.2018

Fitch Ratings Affirms GIB Ratings at 'BBB+' with Stable Outlook

Gulf International Bank (GIB) announced that Fitch Ratings, the international credit rating agency, has affirmed the Bank’s Long-Term Issuer Default Rating (IDR) at 'BBB+' with a Stable outlook. Fitch has also affirmed GIB’s Viability Rating (VR) at 'bbb-'.

Read more 31.07.2018

Capital Intelligence Affirms GIB Ratings, Highlighting Bank’s ‘Stable’ Financial Strength

Gulf International Bank (GIB) announced recently that Capital Intelligence Ratings (CI), the international credit rating agency, has affirmed the Bank’s Long-Term Foreign Currency Rating (FCR) at ‘A+’ and the Short-Term FCR at ‘A1’. 

Read more 10.07.2018

Riyadh-Based GIB Capital wins “Best bond house in the Middle East”

30th June 2018, GIB Capital, the Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), is proud to announce that it was recognised as “The Best bond house in the Middle East” at the EMEA Finance’s Middle East Banking Awards 2017. The awards were announced at EMEA Finance Achievement Awards Charity Dinner held in June 2018 in London. 

Read more 01.07.2018

GIB Capital Advises Saudi Tabreed District Cooling Company (“Saudi Tabreed”) on the Investment by IDB Infrastructure Fund II in Saudi Tabreed

GIB Capital, the investment banking subsidiary of Gulf International Bank (“GIB”), has successfully advised Saudi Tabreed District Cooling Company (“Saudi Tabreed” or the “Company”) on the private placement of 22.8% shareholding in the Company to IDB Infrastructure Fund II (the “Fund”). The transaction was completed in April 2018.

Read more 06.05.2018

More than 100 people participate in GIB’s World Earth Day 2018 tree planting event

More than 100 people - employees of the bank and general public -participated in GIB’s third tree planting initiative commemorating the World Earth Day on Saturday 21 April. Families with children and environmental enthusiasts planted about 300 trees, shrubs and flowers to enhance the existing shrubbery at the Ibn Al-Nafees Garden in Sitra.  

 

GIB organised the planting activity with the support of the Capital Municipality and Gulf City Cleaning. The event was registered by GIB on the global campaign site via www.earthday.org to mark its participation in the annual global campaign. 

Read more 23.04.2018

meem, the Region’s First Digital Bank Launches in the Kingdom of Bahrain

meem, the digital retail banking services arm of Gulf International Bank B.S.C. (GIB), is pleased to announce its official launch in the Kingdom of Bahrain. H.E. Mr. Rasheed Al Maraj, the Governor of the Central Bank of Bahrain, attended the technology driven launch event as the guest of honour in the meem store at The Avenues, Bahrain.

 

The Minister of Oil, H.E. Sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa, along with other dignitaries also attended the event.

Read more 23.04.2018

GIB Capital wins “Best Investment Bank for new Financial Technology in Middle East” & “Best Investment in Bahrain” by Global Finance Magazine

GIB Capital, the Riyadh-based investment banking and regional asset management arm of Gulf International Bank (GIB), is proud to announce that they won two Global Finance Magazine Awards: “Best Investment Bank for new Financial Technology in Middle East” and “Best Investment Bank in Bahrain”.   This was recently announced by Global Finance Magazine, New York, in an exclusive survey to be published in the April 2018 issue.

Read more 05.04.2018

A Unique and Enduring Legacy - His Excellency Jammaz bin Abdullah Al-Suhaimi

Chairman of Gulf International Bank from May 2008 to November 2017

 

At certain times in history, a singular individual emerges from the crowd to address a particular situation or crisis, challenge existing norms, and serve as a paragon of visionary leadership and champion of change.

Read more 21.01.2018