Press Releases

GIB Wins Safest Bank in Bahrain, its fifth award of 2017

For the fourth year in a row, New York-based Global Finance magazine has named Gulf International Bank (GIB) the Safest Bank in Bahrain. Winners were recognised at an awards ceremony held on 14th October, during the 2017 Annual Meetings of the World Bank Group and the International Monetary Fund in Washington, D.C.

Read more 19.10.2017

Gulf International Bank signs agreement with Bayan Credit Bureau in Riyadh

Gulf International Bank (GIB) is pleased to announce the signing of a membership agreement with Bayan Credit Bureau (BCB) to share credit information services to assess customers' credit solvency, compile local and international credit reports, and provide other credit advisory services. The agreement was signed by GIB Chief Executive Officer Mr. Abdulaziz A. Al-Helaissi and BCB Chief Executive Officer Mr. Mohammad Al-Yousef at GIB office in Riyadh.

Read more 01.10.2017

GIB appoints Katherine Garrett-Cox as Managing Director and Chief Executive Officer of its UK subsidiary

Gulf International Bank B.S.C. (GIB) is pleased to announce the appointment of Katherine Garrett-Cox as Managing Director and Chief Executive Officer of Gulf International Bank (UK) Limited (GIB UK), a wholly owned subsidiary of GIB, effective 2nd October 2017, subject to the approval of the Prudential Regulation Authority (PRA).

Read more 20.09.2017

GIB Capital Acted as Lead Financial Advisor to GACA

His Excellency Sulaiman bin Abdullah Al Hamdan, the Minister of Transportation, on 8 June, 2017 signed concession agreements for private sector participation in several Saudi airports. GIB Capital LLC (GIB Capital), the Lead Financial Advisor to GACA, led a group of specialised advisors comprising Hillbrook Partners as co-financial advisor, Clifford Chance as legal advisor and Mott McDonald as technical advisor to assist with the projects.

Read more 29.06.2017

GIB granted retail banking licence in Bahrain

Gulf International Bank (GIB) is pleased to announce that it has been granted a conventional retail banking licence in the Kingdom of Bahrain by the Central Bank of Bahrain. Commenting on the announcement GIB’s Chairman, His Excellency Mr. Jammaz bin Abdullah Al-Suhaimi, extended his appreciation to the Bahraini authorities, especially the Central Bank of Bahrain, for the confidence placed on GIB’s retail banking capabilities. His Excellency Mr. Al-Suhaimi highlighted GIB’s 40-year history in the Kingdom of Bahrain as a key contributor in the financial services sector, and its continued commitment to diversify and further strengthen its operations in Bahrain and the region.

Read more 28.06.2017

GIB is Granted Approval to Become A Local Bank in Saudi Arabia

Gulf International Bank (GIB or the Bank) expresses its gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, His Royal Highness Crown Prince, His Royal Highness the Deputy Crown Prince, and to the Government of Saudi Arabia for entrusting the Ministry of Finance to issue the necessary license for GIB – according to the Banking Control Law.

Read more 10.05.2017

GIB Capital wins four EMEA Finance Awards including “Best Investment Bank in the Middle East”

GIB Capital, the Riyadh-based investment banking arm of Gulf International Bank (GIB), won four awards recently at the 2016 EMEA Finance Middle East Banking Awards in Dubai. GIB Capital was honoured with the “Best Investment Bank in the Middle East”, “Best Asset Manager in Saudi Arabia”, “Best Local Investment Bank in Saudi Arabia” and “Best Local Investment Bank in Bahrain” awards.

Read more 09.04.2017

GIB supports Bahrain Down Syndrome Society’s event on the occasion of World Down Syndrome Day

On the occasion of the World Down Syndrome Day, Gulf International Bank (GIB) supported the Bahrain Down Syndrome Society’s (BDSS) public awareness event at Seef Mall. This activity is in line with the bank’s Corporate Social Responsibility Programme ‘WAGIB’.

The World Down Syndrome Day is observed yearly on March 21. On this day, people with Down syndrome and those who live and work with them throughout the world, organise and participate in activities and events to raise awareness and create a single global voice advocating the rights, inclusion and well-being of people with Down syndrome.

Read more 04.04.2017

GIB successfully launches US$500 million five year bond

Gulf International Bank’s (GIB) latest bond issue met with robust demand as the bank on 18th January, 2017 successfully priced its US$500 million long 5-year bond issuance. The order book peaked at over US$1.2 billion, allowing price guidance to be tightened to achieve a final pricing of 170 basis points over mid-swaps, 10 basis points less than the indicated initial price thoughts.

Read more 29.01.2017