GIB News

GIB Emerging Markets Opportunities Fund nominated for prestigious award for third consecutive year

info@gib.com (GIB) — Tue, 14 Jan 2014 00:00 +0300

GIB's Emerging Markets Opportunities Fund (EMOF, GIB's flagship Hedge Fund), has been included in the initial nominations for the Emerging Markets category in the Eurohedge Awards 2013. EMOF is the only fund in the category to be nominated for the last three consecutive years since 2011.

Fitch affirms GIB's long term credit rating at 'A'

info@gib.com (GIB) — Sun, 19 Jan 2014 23:15 +0300

The international credit rating agency Fitch Ratings has recently affirmed Gulf International Bank's (GIB) Long-Term Issuer Default Rating (IDR) at 'A' and the Viability Rating at 'bbb-'. The Outlook on the Long-Term IDR is Stable.

GIB Capital named "Best Investment Bank - Middle East" for 2013

info@gib.com (GIB) — Tue, 28 Jan 2014 00:00 +0300

GIB Capital L.L.C. ("GIB Capital"), a wholly-owned subsidiary of GIB, has been awarded "Best Investment Bank - Middle East" for 2013 by the Dubai-based Islamic Business & Finance magazine.

GIB announces full year profit of $121.5 million

info@gib.com (GIB) — Tue, 18 Feb 2014 00:00 +0300

At their meeting on Saturday, 15th February 2014, the Board of Directors of Gulf International Bank B.S.C. (GIB or the Bank) approved the consolidated financial statements for the year ended 31st December 2013.

GIB named Best Investment Bank in the Middle East and Best Investment Bank in Bahrain for 2014

info@gib.com (GIB) — Mon, 17 Mar 2014 00:00 +0300

GIB has won two awards for Best Investment Bank in the Middle East and Best Investment Bank in Bahrain in the investment banking category of the Global Banking & Finance Review Awards for 2014. This was announced in February in a press release issued by Global Finance magazine.

GIB Capital sees increasing M&A activity in Saudi Arabia

info@gib.com (GIB) — Wed, 09 Apr 2014 00:00 +0300

The Saudi market is set to witness increasing M&A activity supported by increasing corporate enthusiasm to maximize shareholder wealth through business alliances and strategic partnerships.

Gulf International Bank reports a 9.8 per cent increase in first quarter profits to $29.1 million

info@gib.com (GIB) — Sun, 04 May 2014 00:00 +0300

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $29.1 million for the three months ended 31st March 2014, being 9.8 per cent up on the prior year period.

GIB raises SAR2 billion through a successful oversubscribed bond issue

info@gib.com (GIB) — Mon, 19 May 2014 00:00 +0300

On Sunday, 11th May, 2014, Gulf International Bank (GIB), rated A (Fitch) / A3 (Moody's) / BBB+ (S&P), successfully completed its senior unsecured SAR2 billion 5-year Floating Rate Notes issuance. The notes were issued at a spread of 72.5 basis points above three-month SAIBOR.

GIB awarded “Islamic Investment Institution of the Year 2014” at the 10th Annual World Islamic Funds & Financial Markets Conference (WIFFMC)

info@gib.com (GIB) — Sun, 25 May 2014 00:00 +0300

GIB was voted "Islamic Investment Institution of the Year 2014" from a short-list of nominees through a unique industry-based process at the 10th Annual World Islamic Funds and Financial Markets conference(WIFFMC) held under the patronage of the Central Bank of Bahrain (CBB) at the Gulf Hotel, Manama, Bahrain.

GIB launches trial phase of retail banking services in the Saudi market, ‘meem’ introduces first of a kind services with an innovative approach

info@gib.com (GIB) — Mon, 07 Jul 2014 00:00 +0300

GIB has announced the launch of its trial phase for retail banking services to customers in the Kingdom of Saudi Arabia (KSA) under the brand name, ‘meem'.

GIB reports first half profit of US$50.2 million

info@gib.com (GIB) — Sun, 27 Jul 2014 00:00 +0300

GIB reported consolidated net income after tax of $50.2 million for the six months ended 30th June 2014, compared to $60.6 million in the prior year period. Net income after tax in the second quarter was $21.1 million.

GIB to host 2014 IIF MENA Regional Economic Forum

info@gib.com (GIB) — Sun, 28 Sep 2014 00:00 +0300

Forum will address prospects for the regional financial sector and economies in addition to discussions on the energy outlook for the region.

GIB reports a profit of $72.7 million for nine months

info@gib.com (GIB) — Tue, 21 Oct 2014 00:00 +0300

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $72.7 million for the nine months ended 30th September 2014, compared to $101.5 million in the prior year period.

Gulf International Bank unveils the first customer designed retail bank in the Kingdom of Saudi Arabia

info@gib.com (GIB) — Fri, 09 Jan 2015 00:00 +0300

Meem by GIB (‘meem م’), a progressive retail banking service provided by Gulf International Bank B.S.C. (GIB), was officially launched today at an event in Al Khobar. Over 200 ‘meem م’ customers attended the event, along with members of the media, who all had the opportunity to experience the innovative and unique products and services on offer by ‘meem م’.

Fitch affirms GIB's Long-Term Credit Rating at 'A'

info@gib.com (GIB) — Wed, 14 Jan 2015 23:00 +0300

The international credit rating agency, Fitch Ratings has affirmed Gulf International Bank's (GIB) Long-Term Issuer Default Ratings (IDRs) at ‘A' and the Viability Rating (VR) at ‘bbb-‘. The Outlook for the Long-Term IDR is Stable.

2.5 million viral impressions propels ‘meem’ to greater social media prominence

info@gib.com (GIB) — Thu, 22 Jan 2015 00:00 +0300

Following the successful launch of ‘meem' by GIB, Gulf International Bank's retail banking service, on the 9th of January in AlKhobar, which was attended by 400 guests, the Head of Retail Banking, Sakhr Almulhem revealed how enthusiastically the story had been picked up online.

GIB appoints a new Managing Director and Chief Executive Officer in London

info@gib.com (GIB) — Wed, 04 Feb 2015 00:00 +0300

GIB is pleased to announce the appointment of Mark Watts, as Managing Director and Chief Executive Officer of Gulf International Bank (UK) Limited (GIB UK). Mr. Watts joined GIB UK in the third quarter of 2014.

GIB ranked as Safest Bank in Bahrain for 2014

info@gib.com (GIB) — Wed, 11 Feb 2015 00:00 +0300

Gulf International Bank B.S.C. (GIB) was named the Safest Bank in Bahrain for 2014 by New York based Global Finance magazine. Banks were selected through an evaluation of long-term credit ratings from international ratings agencies, Moody’s, Standard & Poor’s and Fitch. GIB was also named Best Investment Bank in Bahrain for 2013 by Global Finance.

GIB announces full year profit of $85.6 million

info@gib.com (GIB) — Wed, 18 Feb 2015 00:00 +0300

At their meeting on Friday, 13th February 2015, the Board of Directors of Gulf International Bank B.S.C. (GIB or the Bank) approved the consolidated financial statements for the year ended 31st December 2014.

GIB Emerging Markets Opportunities Fund appoints Barclays Bank

info@gib.com (GIB) — Wed, 08 Apr 2015 00:00 +0300

The GIB Emerging Markets Opportunities Fund Ltd., the flagship Hedge Fund of GIB (UK), announced the appointment of Barclays Bank PLC to provide additional prime brokerage services to the Fund.

GIB reports a first quarter profit of $26.4 million

info@gib.com (GIB) — Tue, 28 Apr 2015 00:00 +0300

GIB reported consolidated net income after tax of $26.4 million for the three months ended 31st March 2015, compared to $29.1 million in the prior year period. Prior year income included an exceptional, one off recovery of a previously written off loan.

GIB reports a first half profit of $47.3 million

info@gib.com (GIB) — Sun, 26 Jul 2015 00:00 +0300

GIB reported consolidated net income after tax of $47.3 million for the six months ended 30th June 2015, compared to $50.2 million in the prior year period. Prior year income included an exceptional, one off recovery of a previously written off loan.

GIB Capital wins ‘Best IPO’, ‘Best Sovereign Bond’ and ‘Best Merger & Acquisition’ 2015 EMEA Finance Awards

info@gib.com (GIB) — Sun, 02 Aug 2015 00:00 +0300

GIB Capital LLC, the Saudi-based investment banking arm of Gulf International Bank (GIB), was recently granted three key awards by EMEA Finance magazine for their role in key transactions in 2014. GIB Capital won the"Best IPO Deal in the Middle East" award for acting as Co-Financial Advisor and Joint Lead Manager for National Commercial Bank's USD 6-billion initial public offering ("IPO"), the second-largest IPO globally in 2014 and the largest IPO ever in the Middle East.

GIB hosts event for staff and their children

info@gib.com (GIB) — Tue, 01 Sep 2015 00:00 +0300

GIB recently held an event for 75 children of the bank’s employees, ages 2 to 12 years, who visited their parent’s office in Al Dowali building, the GIB headquarters. This initiative comes as part of GIB’s efforts to help children understand what their parents do at work while they are at school, and to help them in their career choices as they mature.

GIB wins award for fastest growing asset management bank in Saudi Arabia

info@gib.com (GIB) — Wed, 16 Sep 2015 00:00 +0300

Gulf International Bank (GIB) is delighted to announce that it has won the “Fastest Growing Asset Management Bank, Saudi Arabia” award from the international business magazine, ‘Global Banking and Finance Review’, for its efforts in developing asset management products for the Kingdom and the bank’s wider client base. GIB UK, the London based manager of the assets, succeeded in achieving a growth rate of 28% in asset management revenue in 2014 and 16% in the first six months of 2015, ending June 30.

GIB dresses in pink to support Breast Cancer Awareness

info@gib.com (GIB) — Mon, 12 Oct 2015 00:00 +0300

On the occasion of the International Breast Cancer Awareness month, Gulf International Bank will be lighting its building pink for the entire month of October 2015. Through this initiative, GIB would like to raise awareness of the importance of early detection of breast cancer, in support of Think Pink Bahrain.

GIB continues to expand its International network

info@gib.com (GIB) — Tue, 27 Oct 2015 00:00 +0300

Gulf International Bank (GIB) today announced that, in line with its strategy to be a pan-GCC universal bank, it will be inaugurating the opening of its Abu Dhabi wholesale banking branch.

GIB inaugurates a branch in Abu Dhabi

info@gib.com (GIB) — Sun, 08 Nov 2015 00:00 +0300

Gulf International Bank (GIB) held an official reception at Jumeirah Etihad Towers to mark the inauguration of its wholesale banking branch in Abu Dhabi. The opening supports the bank’s strategic objectives to grow and develop business across the GCC region.

Gulf International Bank reports a nine month profit of $64.7 million

info@gib.com (GIB) — Tue, 10 Nov 2015 00:00 +0300

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $64.7 million for the nine months ended 30th September 2015, compared to $72.7 million in the prior year period. Net income after tax in the third quarter was $17.4 million.

GIB wins Safest Bank in Bahrain award

info@gib.com (GIB) — Mon, 16 Nov 2015 00:00 +0300

For the second 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 on 10th October, during the International Monetary Fund and World Bank Group meetings in Lima, Peru.

GIB makes its first donation to the Bahrain Down Syndrome Society

info@gib.com (GIB) — Mon, 23 Nov 2015 00:00 +0300

Gulf International Bank (GIB) recently made its first donation in line with its new Corporate Social Responsibility programme ‘WAGIB’ to the Bahrain Down Syndrome Society.

International credit rating agencies Moody's and Fitch affirm GIB's ratings

info@gib.com (GIB) — Tue, 01 Dec 2015 00:00 +0300

International credit rating agencies Moody's and Fitch have both recently affirmed Gulf International Bank's (GIB) credit ratings. Fitch affirmed GIB's long term credit rating at 'A' with a stable outlook. Moody's Investors Service (Moody's) affirmed GIB's senior debt and foreign currency deposit rating at A3 and upgraded the outlook from negative to stable.

Gulf International Bank appoints new CEO

info@gib.com (GIB) — Mon, 21 Dec 2015 00:00 +0300

The Chairman of the Board of Directors of Gulf International Bank B.S.C. (GIB), H.E. Jammaz Bin Abdullah Al-Suhaimi is pleased to announce that the Board has appointed Mr. Abdulaziz A. Al-Helaissi as its Chief Executive Officer. Mr. Al-Helaissi will succeed GIB’s current CEO, Dr. Yahya A. Alyahya, as of February 1, 2016.

Gulf International Bank wins ‘Credit Specialist’ at the 2015 Alt Credit Intelligence European Performance Awards

info@gib.com (GIB) — Mon, 28 Dec 2015 00:00 +0300

Gulf International Bank is pleased to announce its Emerging Markets Opportunities Fund (EMOF) has won ‘Credit Specialist’ award at ‘Alternative (Alt) Credit Intelligence European Performance Awards’ recently held in London.

Sanabil Investments Acquires 20% Stake in Almana General Hospitals

info@gib.com (GIB) — Sun, 14 Feb 2016 00:00 +0300

Sanabil Investments, a closed joint stock company wholly owned by the Public Investment Fund and headquartered in Riyadh, has announced the completion of its acquisition of a 20% equity stake in Ebrahim Mohammed Almana & Brothers Co. (the “Company”).

GIB UK’s Emerging Markets Opportunities Fund announces a 6.11% return for 2015

info@gib.com (GIB) — Mon, 22 Feb 2016 00:00 +0300

GIB is delighted to announce that its Emerging Markets Opportunities Fund (EMOF) achieved a net return of 6.11% in 2015. The fund, which invests in the debt of Emerging Market economies, has managed another year of strong returns in a market beset by macro worries.

Gulf International Bank B.S.C announces a 5.6 per cent increase in full year profit to $90.4 million

info@gib.com (GIB) — Sun, 28 Feb 2016 00:00 +0300

GIB recorded consolidated net income after tax of US$90.4 million for the year ended 31st December 2015, compared to US$85.6 million in the prior year, representing a 5.6 per cent year-on-year increase.

GIB UK awarded Bahrain Asset Manager of the Year and Regional Equities Manager of the Year at the MENA Capital Markets Summit and Awards 2015

info@gib.com (GIB) — Tue, 15 Mar 2016 00:00 +0300

GIB UK are delighted to announce that they have been awarded Bahrain Asset Manager of the Year and Regional Equities Manager of the Year as part of the Global Investor/ISF MENA Awards 2015.

GIB offers low volatility equities

info@gib.com (GIB) — Tue, 22 Mar 2016 00:00 +0300

Gulf International Bank (GIB) is delighted to announce it is now able to offer low volatility and protected strategies on global and regional equities.

Gulf International Bank begins 40th Anniversary Celebrations

info@gib.com (GIB) — Wed, 30 Mar 2016 00:00 +0300

Gulf International Bank B.S.C. (GIB) is proud to announce the start of its yearlong 40th anniversary celebrations with a charitable donation of an amount in excess of US$ 90,000. The donation will be divided among four charities in Bahrain and Saudi Arabia.

GIB donates a bus to the Bahrain Down Syndrome Society

info@gib.com (GIB) — Sun, 10 Apr 2016 00:00 +0300

In line with its Corporate Social Responsibility programme ‘WAGIB’, Gulf International Bank (GIB) recently donated a bus to the Bahrain Down Syndrome Society (BDSS).

Gulf International Bank sponsors 2016 Middle East Investment Conference

info@gib.com (GIB) — Tue, 12 Apr 2016 00:00 +0300

Gulf International Bank (GIB) is pleased to announce its platinum sponsorship of the Middle East Investment Conference taking place in the Ritz-Carlton Bahrain on April 13. The conference, under the patronage of H.E. Rasheed Mohammed Al Maraj, Governor, Central Bank of Bahrain, is jointly hosted by the CFA Institute and CFA Society Bahrain.

Gulf International Bank raises SAR 2 billion through an oversubscribed bond issue

info@gib.com (GIB) — Mon, 25 Apr 2016 00:00 +0300

Gulf International Bank’s (GIB) latest bond issue met with strong demand as the bank on the 19th of April, 2016 successfully priced its senior unsecured SAR2 billion 5-year Floating Rate Notes issuance at a spread of 140 basis points above three-month SAIBOR.

Moody's confirms Gulf International Bank's standalone, long-term deposit, and short-term ratings

info@gib.com (GIB) — Mon, 30 May 2016 00:00 +0300

The international credit rating agency Moody’s Investors Service (Moody’s) recently confirmed Gulf International Bank's (GIB) standalone baseline credit assessment, long-term deposit and short-term ratings.

Gulf International Bank's ratings affirmed by Capital Intelligence Ratings with a 'Stable' Outlook

info@gib.com (GIB) — Wed, 29 Jun 2016 00:00 +0300

The international credit rating agency Capital Intelligence Ratings recently affirmed Gulf International Bank's (GIB) Long-Term Foreign Currency Rating at A+ and the Short-Term Foreign Currency at A1, with a ‘Stable’ outlook.

Riyadh based GIB Capital LLC appoints new CEO

info@gib.com (GIB) — Wed, 13 Jul 2016 00:00 +0300

Gulf International Bank (GIB) is pleased to announce the appointment of Mr. Osamah Mohammed Shaker as the new Chief Executive Officer of GIB Capital LLC, a wholly owned subsidiary of GIB, effective since 29 June 2016.

Gulf International Bank Reports a First Half Profit of $41.7 Million

info@gib.com (GIB) — Sun, 14 Aug 2016 00:00 +0300

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $41.7 million for the six months ended 30th June 2016, compared to $47.3 million in the prior year period. Net income after tax in the second quarter was $31.2 million compared to $20.9 million in the prior year period.

Gulf International Bank extends its support to the Global Ministerial Aviation Summit in Riyadh this August

info@gib.com (GIB) — Sun, 28 Aug 2016 00:00 +0300

Gulf International Bank (GIB) is pleased to announce its sponsorship of the Global Ministerial Aviation (GMA) Summit in Riyadh to take place on 29-31 August 2016 at the Ritz Carlton. The summit is held under the patronage of The Custodian of The Two Holy Mosques King Salman Bin Abdulaziz Al Saud.

Gulf International Bank Hosts ‘Ayadi Al Amal’ Art Exhibition and Auction with Bahrain Down Syndrome Society

info@gib.com (GIB) — Thu, 22 Sep 2016 00:00 +0300

In line with its Corporate Social Responsibility programme ‘WAGIB’, Gulf International Bank (GIB) today inaugurated ‘Ayadi Al Amal’ (Hands of Hope) art exhibition and auction in collaboration with the Bahrain Down Syndrome Society (BDSS) at the bank’s headquarters.

Gulf International Bank Organises Blood Donation Campaigns in Bahrain and Saudi Arabia

info@gib.com (GIB) — Mon, 03 Oct 2016 00:00 +0300

As part of its Corporate Social Responsibility programme ‘WAGIB’, Gulf International Bank (GIB) organised blood donation campaigns for its Bahrain and Saudi Arabia offices’ employees to benefit the communal blood supply in both kingdoms. Altogether 60 members of staff participated in the campaign at the bank’s headquarters in Manama and its office in Dhahran.

Gulf International Bank employees volunteer at Down Syndrome Charitable Association

info@gib.com (GIB) — Wed, 19 Oct 2016 00:00 +0300

As part of its Corporate Social Responsibility programme ‘WAGIB’, Gulf International Bank’s (GIB) employees recently volunteered at the Down Syndrome Charitable Association in Riyadh. 15 GIB employees spent the morning at the association’s centre painting and playing with the children and visiting the premises.

GIB’s “Beauty and the Beach” Clean-Up Day on Nurana Island a big success

info@gib.com (GIB) — Tue, 08 Nov 2016 00:00 +0300

Scores of environmental enthusiasts, families and children from various schools across the kingdom joined GIB’s employees at “Beauty and the Beach” clean-up day under clear blue skies at Nurana Island Beach yesterday.

GIB launches its new corporate identity in Riyadh

info@gib.com (GIB) — Fri, 25 Nov 2016 00:00 +0300

Gulf International Bank (GIB) last night revealed its new corporate identity coinciding with the bank’s 40th anniversary celebrations. The unveiling of the new identity was shared with officials at a special ceremony in the Kingdom of Saudi Arabia, Riyadh.

GIB Celebrates its 40th Anniversary and launches its new corporate identity in Bahrain

info@gib.com (GIB) — Tue, 13 Dec 2016 00:00 +0300

Gulf International Bank (GIB) last week held a reception on the occasion of its 40th year anniversary and its recently launched new corporate identity. The event was attended by government representatives and business partners at the Four Seasons Hotel, Bahrain Bay.

Gulf International Bank donates in excess of US $ 22,000 to Think Pink Bahrain in support of Breast Cancer Awareness

info@gib.com (GIB) — Mon, 26 Dec 2016 00:00 +0300

Gulf International Bank (GIB) today announced a donation of more than US $ 22,000 to Think Pink Bahrain. In observation of the International Breast Cancer Awareness month in October, the bank organised a number of activities to raise funds and increase awareness of the importance of early detection of breast cancer.

GIB successfully launches US$500 million five year bond

info@gib.com (GIB) — Sun, 29 Jan 2017 09:45 +0300

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.

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

info@gib.com (GIB) — Tue, 04 Apr 2017 11:45 +0300

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.

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

info@gib.com (GIB) — Sun, 09 Apr 2017 12:15 +0300

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.

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

info@gib.com (GIB) — Wed, 10 May 2017 09:45 +0300

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.

GIB granted retail banking licence in Bahrain

info@gib.com (GIB) — Wed, 28 Jun 2017 15:45 +0300

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.

GIB Capital Acted as Lead Financial Advisor to GACA

info@gib.com (GIB) — Thu, 29 Jun 2017 23:00 +0300

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.

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

info@gib.com (GIB) — Wed, 20 Sep 2017 09:00 +0300

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). The appointment is part of GIB’s strategic focus on expanding its asset management and treasury services across the GCC and internationally through its London-based subsidiary GIB UK.

Gulf International Bank signs membership agreement with Bayan Credit Bureau in Riyadh

info@gib.com (GIB) — Sun, 01 Oct 2017 09:00 +0300

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.

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

info@gib.com (GIB) — Thu, 19 Oct 2017 09:00 +0300

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. Earlier this year, GIB Capital, was honoured with awards by the EMEA Finance Magazine, namely: “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”.

Gulf International Bank appoints Professor Abdullah bin Hassan Alabdulgader as Chairman to succeed the late Chairman H.E. Jammaz bin Abdullah Al-Suhaimi

info@gib.com (GIB) — Thu, 21 Dec 2017 13:45 +0300

The Board of Directors of Gulf International Bank B.S.C. (GIB) has announced the appointment of Professor Abdullah bin Hassan Alabdulgader as its Chairman as of 1^st of January 2018 and until the end of the Board of Director's current term which will end on 25^th August 2018. The Board has also reviewed the composition of its Committees according to the respective mandates and authorities.

For the Second Consecutive Year, GIB Capital Wins Four EMEA Finance Awards

info@gib.com (GIB) — Mon, 25 Dec 2017 12:15 +0300

GIB Capital, the Riyadh-based investment banking and regional asset management arm of Gulf International Bank (GIB), won four EMEA Finance Middle East Banking Awards for the second consecutive year.

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

info@gib.com (GIB) — Sun, 21 Jan 2018 08:45 +0300

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.

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

info@gib.com (GIB) — Thu, 05 Apr 2018 11:15 +0300

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.

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

info@gib.com (GIB) — Mon, 23 Apr 2018 09:00 +0300

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.

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

info@gib.com (GIB) — Mon, 23 Apr 2018 09:45 +0300

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.

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

info@gib.com (GIB) — Sun, 06 May 2018 12:30 +0300

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.

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

info@gib.com (GIB) — Sun, 01 Jul 2018 11:00 +0300

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.

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

info@gib.com (GIB) — Tue, 10 Jul 2018 12:15 +0300

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’.

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

info@gib.com (GIB) — Tue, 31 Jul 2018 12:30 +0300

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-'.

Arun Hari appointed Group Chief Risk Officer at GIB

info@gib.com (GIB) — Tue, 31 Jul 2018 15:15 +0300

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.

GIB continues progress in expansion strategy and strengthening of KSA presence

info@gib.com (GIB) — Mon, 06 Aug 2018 10:30 +0300

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.

Gulf International Bank reports 2018 half year financial results

info@gib.com (GIB) — Thu, 09 Aug 2018 14:45 +0300

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.

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

info@gib.com (GIB) — Sun, 09 Sep 2018 08:00 +0300

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.

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

info@gib.com (GIB) — Sun, 30 Sep 2018 16:30 +0300

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.

Gulf International Bank Announces New Board of Directors

info@gib.com (GIB) — Sun, 21 Oct 2018 15:00 +0300

Gulf International Bank (GIB) today announced the appointment of a new Board of Directors effective August 26^th 2018 until August 25^th 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.

Gulf International Bank Participates as Strategic Partner at Bahrain FinTech Forum

info@gib.com (GIB) — Mon, 05 Nov 2018 12:30 +0300

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.

GIB B.S.C. successfully raises US$ 500 million financing facility

info@gib.com (GIB) — Thu, 15 Nov 2018 16:30 +0300

14 November 2018, Gulf International Bank B.S.C. (GIB) announced today that it has successfully closed a US$500 million three-year financing facility with a group of lenders comprising First Abu Dhabi Bank, HSBC Bank Middle East Limited Natixis DIFC Branch, Riyad Bank, Mizuho Bank Ltd, Samba Financial Group, State Bank of India Bahrain, Citibank N.A. Bahrain Branch and Wooribank Bahrain Branch. UAE-based First Abu Dhabi Bank and HSBC Bank Middle East Limited are mandated lead arrangers and bookrunners and First Abu Dhabi Bank is the agent for the facility.

Effat University and Gulf International Bank Provide 15 Saudi Women with Professional Skills

info@gib.com (GIB) — Thu, 29 Nov 2018 10:15 +0300

Under the initiative “Women in Tech” training programme, and for the second consecutive year, Effat University and Gulf International Bank (GIB) celebrated the graduation of 15 Saudi women from the programme on Tuesday, 27^th November 2018. The ladies were trained for 10 weeks completing courses including computer programming and systems and business skills development.

Gulf International Bank Hosts 3rd Annual ‘Gib Golf Cup’ At Riyadh’s Dirab Country & Golf Club

info@gib.com (GIB) — Mon, 03 Dec 2018 10:00 +0300

Gulf International Bank (GIB) successfully hosted it 3^rd ‘GIB Golf Cup’ at the Dirab Country & Golf Club in Riyadh on 9^th November 2018 with participation from more than 90 players comprising world ranked golfers and members of the Riyadh business community including GIB’s clients, partners and management team led by the Bank’s CEO Mr. Abdulaziz A. Al-Helaissi.

GIB Capital Takes Four EMEA Finance Awards Including Best Investment Bank

info@gib.com (GIB) — Sun, 09 Dec 2018 10:15 +0300

GIB Capital, the Riyadh-based regional investment banking and asset management arm of Gulf International Bank (GIB), has won Awards in four categories in the EMEA Finance Middle East Banking Awards 2018, which for the 11^th year is recognising the achievements of the best banks, asset managers and brokers in countries across the Middle East.

Gulf International Bank is Golf Partner for the Saudi International powered by SBIA

info@gib.com (GIB) — Sun, 03 Feb 2019 09:45 +0300

Gulf International Bank (GIB) is the golf partner of the inaugural Saudi International powered by SBIA. The tournament marks the first time the European Tour is being held in the Kingdom, where the third leg of the prestigious ‘Middle East Swing’ is being played.

Tadawul Celebrates “GIB Capital” Market Membership

info@gib.com (GIB) — Sun, 17 Feb 2019 14:15 +0300

The Saudi Stock Exchange (Tadawul) today welcomed GIB Capital as a member. Marking the milestone, a ceremony was hosted at Tadawul’s headquarters in Riyadh, which was attended by Eng. Khalid Abdullah Al Hussan, CEO of Tadawul and Mr. Osamah Mohammed Shaker, CEO and Board member of GIB Capital, in the presence of senior executives from both companies.

Gulf International Bank reports 2018 financial results

info@gib.com (GIB) — Wed, 27 Feb 2019 14:30 +0300

Gulf International Bank B.S.C. (GIB) today announced its financial results for the full year ended 31st December 2018. Net income before provisions and tax for the year increased by 11% to $133.1 million compared to $120.3 million in the prior year, reflecting continued growth and higher contributions from the Bank’s diversified business lines.

الأمير سعود بن نايف يستقبل وفداً من بنك الخليج الدولي

info@gib.com (GIB) — Mon, 18 Mar 2019 16:45 +0300

استقبل صاحب السمو الملكي الأمير سعود بن نايف بن عبدالعزيز أمير المنطقة الشرقية في مكتبه بديوان الإمارة اليوم, رئيس مجلس إدارة مجموعة بنك الخليج الدولي الدكتور عبدالله بن حسن العبدالقادر، ونائب رئيس مجلس الإدارة عبدالله بن محمد الزامل، والرئيس التنفيذي للمجموعة عبدالعزيز بن عبدالرحمن الحليسي، والرئيس التنفيذي للعمليات مشاري بن فيصل العتيبي.

Gulf International Bank completes conversion of its Saudi branches into a local Saudi Bank

info@gib.com (GIB) — Sun, 21 Apr 2019 08:30 +0300

Gulf International Bank (GIB) today announced that it has successfully completed the conversion of its existing branches in the Kingdom of Saudi Arabia into a locally incorporated bank. This is the first time that a foreign bank in Saudi Arabia has become locally incorporated.

GIB Graduate Programme Launch 2019

info@gib.com (GIB) — Mon, 08 Jul 2019 13:15 +0300

As part of its strategy to attract the brightest and the best, Gulf International Bank Saudi Arabia launched its 2019 graduate programme by inviting a selected group of university graduates to attend a ‘Getting to Know You Day’ at the Kempinski Al Othman Hotel in Al Khobar. GIB has renamed the programme, in its fifth year, as the ‘Jammaz Al-Suhaimi Graduate Programme’ to commemorate its late chairman.

GIB opens its largest meem retail banking branch in Riyadh

info@gib.com (GIB) — Wed, 17 Jul 2019 14:00 +0300

Riyadh, 15 July 2019: As part of its strategy to provide innovative and fully integrated digital services to its customers in line with Saudi Arabia’s Vision 2030, Gulf International Bank (GIB) opened its largest meem retail banking branch in Riyadh on Monday 15 July. The branch was opened by GIB Chief Executive Officer, Abdulaziz Al-Helaissi.

GIB Saudi Arabia receives first rating from Fitch at BBB+'; Outlook Stable

info@gib.com (GIB) — Sun, 21 Jul 2019 09:45 +0300

Gulf International Bank Saudi Arabia (GIB Saudi Arabia) announced that it has received its first rating from the international agency, Fitch Ratings, which assigned the Bank a Long-Term Issuer Default Rating (IDR) of 'BBB+' with the Outlook at Stable, Other ratings included a Short-Term IDR at ‘F2’, Support Rating at ‘2’ and Support Rating Floor at ‘BBB+’. These are the same as the ratings of the parent bank Gulf International Bank B.S.C.

meem by GIB wins 2019 Global Banking & Finance awards for best Shariah Digital Bank, KSA and most Innovative Digital Banking initiative, Bahrain

info@gib.com (GIB) — Sun, 28 Jul 2019 11:15 +0300

meem, the retail banking arm of Gulf International Bank (GIB), has won two industry accolades from the Global Banking & Finance Awards® having been named Best Shariah Compliant Digital Bank KSA 2019 and Most Innovative Digital Banking Initiative Bahrain 2019.

Gulf International Bank Wins Eight Awards At The 2019 Global Finance Magazine Awards

info@gib.com (GIB) — Wed, 11 Sep 2019 15:00 +0300

Gulf International Bank (GIB) has been honoured with eight awards for its ongoing leadership in digital banking at Global Finance’s ‘Digital Banks and Innovators Awards Dinner 2019’ held at the Ritz-Carlton, Dubai International Financial Centre.

meem by GIB sponsors Smart Cities Summit

info@gib.com (GIB) — Mon, 16 Sep 2019 10:15 +0300

meem by GIB was the platinum sponsor of the Bahrain Smart Cities Summit 2019 held recently at the Diplomat Radisson Hotel, Bahrain. The conference showcased new trends and technologies shaping the evolution of the smart cities of today.

GIB joins Saudi National Day Celebrations in Bahrain

info@gib.com (GIB) — Sun, 29 Sep 2019 15:30 +0300

In light of the special historical relationship between the Kingdom of Saudi Arabia and the Kingdom of Bahrain, Gulf International Bank (GIB) participated in the Saudi Embassy’s reception to celebrate the 89th Saudi National Day at the Ritz-Carlton Hotel, Bahrain.

Gulf International Bank Appoints Khaled Abbas as Group Head of Wholesale Banking

info@gib.com (GIB) — Wed, 16 Oct 2019 11:15 +0300

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.

GIB sponsors Al Sharqia Entrepreneurship Forum and Exhibition 2019

info@gib.com (GIB) — Tue, 12 Nov 2019 09:45 +0300

Gulf International Bank (GIB) was the diamond sponsor of the Al Sharqia Entrepreneurship Forum and Exhibition – RAD 2019, recently held under the patronage of Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province at Dhahran Expo. The event was organised by Al Sharqia Chamber.

HRH Khaled bin Saud Al Faisal and Abdulaziz Al Imran win 4th Annual GIB Golf Cup

info@gib.com (GIB) — Thu, 21 Nov 2019 13:15 +0300

Gulf International Bank – Saudi Arabia (GIB) announced His Royal Highness Prince Khaled bin Saud Al Faisal and Abdulaziz Al Imran as winners of the “4th Annual GIB Golf Cup”, which was held at the Riyadh Green golf course. The winners were awarded prizes by the Chairman of Gulf International Bank - Saudi Arabia, Abdullah Al Zamil, and the GIB Group CEO, Abdulaziz Al-Helaissi.

Gulf International Bank Appoints Sara Abdulhadi as Group Chief Investment and Treasury Officer

info@gib.com (GIB) — Sat, 07 Dec 2019 00:00 +0300

Manama: 7 December 2019: Gulf International Bank B.S.C. (GIB) today announced the appointment of Sara Abdulhadi as Group Chief Investment and Treasury Officer. Sara joins GIB from the Saudi British Bank and has more than 15 years of experience in global markets activities, with strong expertise in investments, derivative and FX trading and liquidity and funding management.

GIB HOSTED FINTECH SAUDI TOUR EVENT AT THE BANK’S AL KHOBAR INNOVATION CENTRE

info@gib.com (GIB) — Wed, 11 Dec 2019 00:00 +0300

Al Khobar – 11 December 2019: GIB Saudi Arabia recently hosted ‘Digital Banking 4.0 - the new frontier’ event as part of the Fintech Tour 19. The event took place on Wednesday, 11^th December 2019 at GIB’s Innovation Centre located at its new offices in Al Khobar, Saudi Arabia.

Gulf International Bank celebrates Bahrain National Day With the Bahrain Football Team

info@gib.com (GIB) — Wed, 18 Dec 2019 11:15 +0300

To mark the Kingdom of Bahrain’s National Day, Gulf International Bank and meem, its digital banking arm, held their annual reception at the Bank’s Manama headquarters.

GIB main partner of Saudi International golf tournament for second consecutive year

info@gib.com (GIB) — Mon, 03 Feb 2020 13:15 +0300

As part of its support and sponsorship of community activities, Gulf International Bank (GIB) was pleased to be a partner of the Saudi International golf tournament for the second year in a row and congratulates Graeme McDowell on winning the event.

His Highness the Governor of the Eastern Province inaugurates GIB’s Operations Centre in Al Khobar

info@gib.com (GIB) — Sun, 09 Feb 2020 00:00 +0300

At the inauguration of Gulf International Bank’s (GIB) new operations centre in Al Khobar His Royal Highness Prince Saud bin Nayef Al Saud, Governor of Eastern Province, praised GIB’s modern technology, saying it lived up to the goals of the Kingdom's 2030 vision and kept the Kingdom at the forefront of technological development. He noted the importance of developing new offerings and using modern technology to improve services and hoped that the centre would achieve its ambitions and provide the best services to its customers.

Gulf International Bank appoints Jamal Al Kishi as CEO of GIB B.S.C. and Deputy Group CEO

info@gib.com (GIB) — Mon, 30 Mar 2020 11:45 +0300

Gulf International Bank B.S.C. (GIB) today announced the appointment of Jamal Al Kishi as CEO of GIB B.S.C. and Deputy Group CEO. Jamal joins GIB from Deutsche Bank where he spent nearly 13 years, most recently serving as CEO Middle East and Africa. Previously, Jamal occupied a number of roles in corporate finance, capital markets and structured and project finance with Arab National Bank. He holds an MBA in Finance and Banking from KFUPM and a BSc in Engineering from Arizona State. Jamal will be responsible for driving the bank’s regional growth strategy and will support the Group CEO in his mission to make GIB a leading Pan GCC bank.

GIB contributes SAR 2 million to Health Endowment Fund

info@gib.com (GIB) — Wed, 08 Apr 2020 17:15 +0300

Out of its sense of social responsibility and duty to support the efforts that the Saudi government, represented by the Ministry of Health, is making to curb the spread of Covid-19, Gulf International Bank (GIB) donated SAR 2 million to the Health Ministry's Health Endowment Fund (HEF).

Gulf International Bank Honoured by Global Trade Review 2020 Awards and Global Finance’s The Innovators 2020

info@gib.com (GIB) — Sun, 21 Jun 2020 12:15 +0300

Gulf International Bank (GIB) has won awards recognising the Bank’s leadership and innovation in Trade and Cash Management

SDB and GIB launch digital lending Platform in partnership with Beehive to finance small and micro enterprises

info@gib.com (GIB) — Wed, 22 Jul 2020 18:15 +0300

The Minister of Human Resources and Social Development, HE Ahmed bin Sulaiman Al-Rajhi, has launched a digital financing platform for micro and small enterprises in Saudi Arabia during a virtual meeting attended by the Chairman of Gulf International Bank – Saudi Arabia (GIB), Abdulla bin Mohammed Al-Zamil, the CEO of Social Development Bank (SDB), Ibrahim bin Hamad Al- Rashid, the Group CEO of GIB, Abdulaziz Bin Abdulrahman Al-Helaissi, and the Group CEO and founder of Beehive fintech company, Mr. Craig Moore. This new digital financing platform has been created through was the result of a strategic cooperation between SDB and GIB, which aims to ensure swift and efficient access to finance for micro and small enterprises in Saudi Arabia, using Beehive modern financial technology solutions.

Contributing to Women 20, GIB signs Partnership with AlNahda

info@gib.com (GIB) — Sun, 27 Sep 2020 14:00 +0300

Al Dhahran, Kingdom of Saudi Arabia, 16 August 2020: Gulf International Bank – Saudi Arabia (GIB KSA) recently announced the signing of a partnership agreement with Alnahda Society in Riyadh (Alnahda) to collaborate on the development of women’s empowerment in the Kingdom. Specifically, in support of their leadership of the Women 20 (W20), one of the official G20 Engagement Groups, focused on closing the global gender gap and women’s empowerment.

Gulf International Bank Sweeps Global Finance Awards with Six Wins

info@gib.com (GIB) — Sun, 27 Sep 2020 13:45 +0300

Gulf International Bank (GIB) today announced that it has been named a winner in six categories by the New York based Global Finance magazine’s “2020 World’s Best Corporate/Institutional Digital Banks Awards Middle East”. GIB won four out of seven awards for the Kingdom of Saudi Arabia (KSA), the Middle East’s largest market, and two in Bahrain.

Contributing to Women 20, GIB signs Partnership with AlNahda

info@gib.com (GIB) — Sun, 27 Sep 2020 14:00 +0300

Al-Motaqadimah Schools Company Initial Public Offering GIB Capital and Adeem Capital acting as Joint Financial Advisors

info@gib.com (GIB) — Thu, 15 Oct 2020 09:30 +0300

Al-Motaqadimah Schools Company (“MSC”) has appointed GIB Capital and Adeem Capital as Joint Financial Advisors for its planned Initial Public Offering (“IPO”) on the Saudi Stock Exchange (“Tadawul”).

meem Launches “ajeeb” Loyalty Rewards Program

info@gib.com (GIB) — Sun, 18 Oct 2020 08:30 +0300

meem, the digital retail banking arm of Gulf International Bank Saudi Arabia, today announced the launch of its “ajeeb” loyalty rewards program in partnership with Visa for the Bank’s Visa credit cardholders in the Kingdom.

GIB Capital Financial Advisor to Arabian Contracting Services Company

info@gib.com (GIB) — Wed, 04 Nov 2020 14:30 +0300

MBC Group acquires minority stake in Arabian Contracting Services Company

GIB Capital acted as the Financial Advisor to Arabian Contracting Services Company (“Al Arabia”), on MBC Group’s (“MBC”) acquisition of a minority stake in Al Arabia, the leading out-of-home advertising solutions provider in Saudi Arabia and the region.

GIB celebrate Bahrain National Day

info@gib.com (GIB) — Wed, 16 Dec 2020 15:30 +0300

Gulf International Bank B.S.C. (GIB) held a special event at its Manama headquarters for employees to celebrate Bahrain National Day.

GIB Capital named Best Debt House for Saudi Arabia and Bahrain by EMEA Finance

info@gib.com (GIB) — Mon, 18 Jan 2021 14:30 +0300

GIB Capital, the Riyadh-based investment banking and asset management arm of Gulf International Bank – Saudi Arabia, has been named Best Debt House, Saudi Arabia and Best Debt House, Bahrain at the EMEA Finance Middle East Banking Awards 2020. Now in its 13th year, the awards recognise excellence in commercial, investment and Islamic banking across the Middle East, as well as brokerage and asset management activities.

GIB Main Partner of the 2021 Saudi International Golf Tournament for the Third Consecutive Year

info@gib.com (GIB) — Thu, 04 Feb 2021 10:15 +0300

As part of its commitment to support sport and entertainment in Saudi Arabia as part of Vision 2030, Gulf International Bank (GIB) is a main sponsor of the 2021 Saudi International Golf Tournament powered by SoftBank Investment Advisers for the third year in a row.

Group Chairman Interview for AlBayan Magazine Annual Issue 2021

info@gib.com (GIB) — Mon, 08 Feb 2021 12:45 +0300

What are the emerging challenges that did not exist in the past years?

GIB celebrates International Women’s Day 2021

info@gib.com (GIB) — Mon, 08 Mar 2021 14:45 +0300

Gulf International Bank (GIB) celebrated International Women’s Day (IWD) 2021 with a week-long calendar of activities showcasing the important position of female leaders and professionals across the Bank and their role in sustainable growth and financial innovation.

GIB Wins Eight Awards from the Digital Banker Middle East & Africa Innovation Awards 2021

info@gib.com (GIB) — Sun, 25 Apr 2021 12:00 +0300

Gulf International Bank (GIB) announced that it has been named winner in eight key categories by The Digital Banker Middle East & Africa Innovation Awards 2021.

Gulf International Bank Announces Strong First Quarter Results

info@gib.com (GIB) — Mon, 10 May 2021 11:00 +0300

Gulf International Bank B.S.C. (GIB) reported a net profit of $7.9 million for the first quarter of 2021 attributable to the shareholders of the parent, compared to a loss of $47.4 million in the prior year period. The consolidated GIB Group achieved a net profit of $14.1 million compared to a loss of $60.5 million in the same period last year.

Gulf International Bank Wins Two Prestigious Honours from Global Finance “Innovators 2021” Awards

info@gib.com (GIB) — Wed, 23 Jun 2021 10:30 +0300

Gulf International Bank B.S.C. (GIB) has been named the winner in two key categories in Global Finance magazine’s “The Innovators 2021” awards.

Gulf International Bank Partners with the Aknan Charitable Society and the Children with Disability Association

info@gib.com (GIB) — Tue, 13 Jul 2021 12:45 +0300

Gulf International Bank – Saudi Arabia (GIB Saudi Arabia) has signed two partnership agreements with Saudi charities totalling SAR 440,000 to support their work in the Kingdom.

Gulf International Bank Announces Consistent Strong Results for the first half of 2021

info@gib.com (GIB) — Thu, 12 Aug 2021 16:00 +0300

Gulf International Bank announces its 2021 semi-annual financial results including the second quarter.

Gulf International Bank sponsors a lecture hall for Bahrain Institute of Banking and Finance

info@gib.com (GIB) — Mon, 13 Sep 2021 12:45 +0300

The Bahrain Institute of Banking and Finance (BIBF) announced a strategic partnership with Gulf International Bank (GIB) where the bank will sponsor a lecture hall in the new BIBF building at Bahrain Bay, scheduled to be completed at the end of this year. The sponsorship of the hall, which will be named the GIB Hall, is in line with the bank's strategy of supporting the development of human capital in the labor market.

meem by Gulf International Bank Wins “Best Islamic Digital Bank 2021” at the Global Islamic Finance Awards

info@gib.com (GIB) — Mon, 27 Sep 2021 12:00 +0300

Gulf International Bank B.S.C. (GIB) announced that meem, its digital retail banking arm, has been named “Best Islamic Digital Bank 2021” at the 11th Global Islamic Finance Awards (GIFA).

GIB Partners With Second Mentorship Forum Middle East

info@gib.com (GIB) — Sun, 03 Oct 2021 11:15 +0300

Mentorship Forum Middle East (MFME) 2021 announced Gulf International Bank (GIB) as a partner for its second annual forum taking place as a hybrid event(on-site and virtual) in the Kingdom of Bahrain in November 2021.

Gulf International Bank Closes First Sustainability-Linked Syndicated Loan

info@gib.com (GIB) — Sun, 10 Oct 2021 09:00 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed a US$625 million sustainability-linked syndicated loan (SLL), making GIB the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility.

Gulf International Bank and Tawkilat Premium are latest brands to sign up to support one of the biggest weeks of women’s sport in the Kingdom

info@gib.com (GIB) — Wed, 03 Nov 2021 10:15 +0300

Gulf International Bank – Saudi Arabia (GIB) and Al Tawkilat Premium have been announced today as the Official Banking and Automotive partners respectively for the Aramco Saudi Ladies International (Nov 4-7) and Aramco Team Series – Jeddah (Nov 10-12), which take place over the next 10 days at the Royal Greens Golf & Country Club in King Abdullah Economic City.

GULF INTERNATIONAL BANK REBOUND - NET PROFIT OF $38.9 MILLION ATTRIBUTABLE TO SHAREHOLDERS

info@gib.com (GIB) — Sun, 14 Nov 2021 09:00 +0300

The third quarter of 2021 witnessed a significant increase in net profit attributable to the Shareholders of the Bank, reaching $21.2 million compared to a loss of $59.9 million in the same quarter last year. The increase is driven by stronger performance across all revenue categories. Net interest income of $64.3 million represented growth of 11%, whilst fee and commission income of $15.4 million represented growth of 8%. Trading income of $8.5 million was the result of a 15% increase driven by favourable market conditions, and foreign exchange income of $6.2 million represented a 72% increase in foreign exchange income. Other income of $16.5 million, almost 3x higher was the result of proactive measures taken in relation to asset recoveries and lower third quarter provision charge of $14.2 million compared to a $94.7 million in the same quarter last year.

Gulf International Bank Announces New Chairman and Directors

info@gib.com (GIB) — Mon, 29 Nov 2021 14:00 +0300

Gulf International Bank BSC (GIB) has announced the appointment of its new Board of Directors chaired by Eng. Abdulla bin Mohammed Al-Zamil, with Dr. Najem bin Abdullah Al-Zaid as Vice-Chairman.

Gulf International Bank Celebrates UAE National Day

info@gib.com (GIB) — Tue, 07 Dec 2021 13:45 +0300

Honouring the 50th National Day of the United Arab Emirates on 2 December and the Commemoration Day on 1 December, Gulf International Bank (GIB) organised special celebrations for its employees at its offices in Abu Dhabi and Dubai

Gulf International Bank Celebrates Bahrain National Day

info@gib.com (GIB) — Thu, 16 Dec 2021 08:00 +0300

In commemoration of the 50th National Day of the Kingdom of Bahrain on the 16 December, Gulf International Bank (GIB) organised a celebration for its employees at its headquarters in Manama including a pop-up market where small Bahraini businesses were able to promote their businesses to employees.

Gulf International Bank Sponsors Future Minerals Forum

info@gib.com (GIB) — Thu, 13 Jan 2022 13:45 +0300

Gulf International Bank (GIB) is the platinum sponsor of Future Minerals Forum taking place in Riyadh on 11-13 January 2022.

Gulf International Bank is Golf Partner for the 2022 PIF Saudi International powered by SoftBank Investment Advisers

info@gib.com (GIB) — Wed, 09 Feb 2022 09:30 +0300

Gulf International Bank (GIB) was the golf partner of the Saudi International powered by Softbank Investment Advisers with the Public Investment Fund (PIF) as the new title sponsor. The event attracted some of the world’s finest golfers.

GULF INTERNATIONAL BANK IS GOLD SPONSOR OF THE GTR MENA 2022 CONFERENCE

info@gib.com (GIB) — Sun, 20 Feb 2022 15:45 +0300

Gulf International Bank (GIB) was Gold Sponsor of the GTR MENA 2022 conference held in Dubai on 15-16 February 2022. Organised by Global Trade Review and running for nearly 20 years, it is the region’s well-established trade and export finance conference.

GIB Closes SAR400m Project Finance for a Leading Hospital Project in Jeddah

info@gib.com (GIB) — Tue, 22 Feb 2022 13:30 +0300

Gulf International Bank - Saudi Arabia (“GIB Saudi Arabia”) has closed a project finance facility of SAR 400 million with the Saudi German Hospital Group (“SGH Group”) to build a state-of-the-art hospital in Jeddah. This 65,000 square meter, 350 bed hospital marks the Group’s expansion of footprint in the Saudi Arabian healthcare space. This state-of-the-art hospital will address the untapped need for healthcare by offering a wide range of high-quality healthcare services needed by the market. The project is led by Humania Capital (the investment arm of the Bait Al Batterjee Group) in partnership with Middle East Healthcare Company (“MEAHCO”).

GULF INTERNATIONAL BANK REPORTS NET PROFIT OF $37.9 MILLION ATTRIBUTABLE TO SHAREHOLDERS

info@gib.com (GIB) — Sun, 27 Feb 2022 16:30 +0300

Gulf International Bank (“GIB”) announces its year ended 31^st December 2021 financial results.

Gulf International Bank’s Fifth ‘GIB Golf Cup’ concludes in Riyadh

info@gib.com (GIB) — Sun, 06 Mar 2022 16:45 +0300

More than 92 professional and amateur golfers took part. No hole-in-one winners of the two McLaren cars.

Al Fateh Corniche receives landscape makeover through Forever Green campaign

info@gib.com (GIB) — Mon, 14 Mar 2022 16:45 +0300

The National Initiative for Agricultural Development (NIAD) has overseen the plantation of trees and seedlings alongside the eastern part of Al Fateh Corniche with support from the Gulf International Bank (GIB).

Gulf International Bank Hosts First Employee Padel Tournament

info@gib.com (GIB) — Tue, 22 Mar 2022 16:15 +0300

Gulf International Bank B.S.C. (GIB) announced the successful hosting of the 1^st GIB Padel Tournament on 19 March 2022 at the Ritz-Carlton, Bahrain with 50 Bank employees taking part.

Gulf International Bank participates in the Environment Week by planting Dammam Corniche

info@gib.com (GIB) — Thu, 07 Apr 2022 14:00 +0300

As part of Gulf International Bank’s strategy of sponsoring environmental activities, and to mark the Environment Week, the bank joined the afforestation campaign of the Dammam City Corniche in the Eastern Province. In cooperation with the city’s municipality, the bank’s employees planted more than 280 trees on Tuesday, March 29, 2022 AD.

GIB Wins Three Honours from the Global Banking & Finance Review

info@gib.com (GIB) — Mon, 11 Apr 2022 12:30 +0300

GIB wins two awards for excellence in ESG & Sustainability and is also named as the Best Project and Structured Finance bank in KSA

GULF INTERNATIONAL BANK ISSUES INAUGURAL SUSTAINABILITY REPORT

info@gib.com (GIB) — Wed, 11 May 2022 17:15 +0300

Strong progress reported in the implementation of the Group’s ESG strategy and performance in 2021

GULF INTERNATIONAL BANK ACHIEVES 62% INCREASE IN FIRST QUARTER NET PROFIT

info@gib.com (GIB) — Sun, 15 May 2022 08:45 +0300

Gulf International Bank B.S.C. (GIB) reported a net profit of $12.8 million for the first quarter of 2022 attributable to the shareholders of the parent, compared to a net profit of $7.9 million in the prior year period, an increase of 62% due to higher net interest income and net fee and commission income. The consolidated GIB Group recorded a net profit of $21 million compared to a net profit of $14.1 million in the same period last year, an increase of 49%.

LUCID ADVANCES GLOBAL SUSTAINABILITY VISION ANNOUNCING NEW DETAILS FOR FIRST OVERSEAS MANUFACTURING FACILITY WITH PARTNERS IN SAUDI ARABIA

info@gib.com (GIB) — Wed, 18 May 2022 19:30 +0300

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today hosted a ceremonial signing event to mark the February 2022 agreements with the Ministry of Investment of Saudi Arabia (“MISA”), the Saudi Industrial Development Fund (“SIDF”), Emaar, The Economic City, at King Abdullah Economic City (“KAEC”) and Gulf International Bank (“GIB”) that sets the stage for the construction of AMP-2, a world-class Lucid production factory in Saudi Arabia with a capacity of 155,000 electric vehicles.

GULF INTERNATIONAL BANK ANNOUNCES THE APPOINTMENT OF NEZAR AL SAIE TO ITS BOARD OF DIRECTORS

info@gib.com (GIB) — Wed, 25 May 2022 11:00 +0300

Gulf International Bank BSC (GIB) today announced the appointment of Nezar Al Saie to its Board of Directors. Mr. Al Saie brings to the Board more than four decades of experience in banking, finance, and asset management.

GULF INTERNATIONAL BANK ORGANISES HEALTH & WELLNESS WEEK FOR ITS EMPLOYEES

info@gib.com (GIB) — Sun, 29 May 2022 10:15 +0300

Gulf International Bank B.S.C. (GIB) organised a Health & Wellness week for employees as part of its initiative to promote health and well-being, which the Bank believes is an essential pillar for a sustainable and balanced work environment.

PIVOTAL PART FOR BAHRAIN’S BANKS IN TRANSITIONING TO A MORE SUSTAINABLE ECONOMIC MODEL

info@gib.com (GIB) — Tue, 07 Jun 2022 14:00 +0300

Oxford Business Group interviews Mr. Abdulaziz Al-Helaissi, group CEO and member of the board of Gulf International Bank

GULF INTERNATIONAL BANK CELEBRATES THE OPENING OF ITS NEW ABU DHABI OFFICES

info@gib.com (GIB) — Mon, 13 Jun 2022 08:30 +0300

Gulf International Bank (GIB) today announced the official opening of its new larger offices in the Nation Towers in Abu Dhabi. CEO of GIB B.S.C., Jamal Al Kishi, along with Rajeev Kakar, a Director of GIB B.S.C. and other senior members of GIB, officially inaugurated the Abu Dhabi offices in the presence of representatives from the Central Bank of the UAE and clients.

GULF INTERNATIONAL BANK - SAUDI ARABIA SIGNS MOU WITH ENVIRONMENTAL FRIENDS SOCIETY TO ACCELERATE SUSTAINABILITY INITIATIVES

info@gib.com (GIB) — Mon, 27 Jun 2022 14:45 +0300

Gulf International Bank – Saudi Arabia (GIB Saudi Arabia) recently signed a Memorandum of Understanding with Al Khobar-based Environmental Friends Society (EFS), which promotes efforts to preserve and sustain the environment. The agreement was signed at GIB Saudi Arabia’s premises in Al Khobar and was attended by EFS officials and GIB senior management.

GULF INTERNATIONAL BANK ACHIEVES 121% IN NET PROFIT FOR THE FIRST HALF OF 2022

info@gib.com (GIB) — Thu, 11 Aug 2022 08:30 +0300

The second quarter of 2022 reported a significant increase in net profit attributable to the Shareholders of the Bank reaching $26.3 million compared to $9.8 million in the same period last year representing an increase of 168%.

GULF INTERNATIONAL BANK IS THE LEAD SPONSOR OF THE EUROMONEY SAUDI ARABIA CONFERENCE 2022

info@gib.com (GIB) — Wed, 07 Sep 2022 10:00 +0300

Gulf International Bank (GIB) today announced that it is the Lead Sponsor for the forthcoming Euromoney Saudi Arabia Conference 2022. Returning in person for the first time since 2019, the event will take place in Riyadh on 7 September 2022, with the theme: “The Institutionalisation of Investment and Finance”.

GULF INTERNATIONAL BANK CONTINUES PARTNERSHIP WITH FINTENCH PROVIDER, BEEHIVE

info@gib.com (GIB) — Sun, 11 Sep 2022 12:15 +0300

Gulf International Bank – Saudi Arabia(GIB) today announced that it will continue its partnership with Beehive, a regional fintech pioneer, to provide financing capabilities targeted at supporting micro and small-to-medium enterprises (MSMEs) across the Kingdom of Saudi Arabia.

GULF INTERNATIONAL BANK SIGNS AS A SPONSOR OF BAHRAIN INTERNATIONAL AIRSHOW 2022

info@gib.com (GIB) — Sun, 25 Sep 2022 11:45 +0300

The Bahrain International Airshow and Gulf International Bank B.S.C. (GIB), have signed a partnership agreement under which GIB will be an official sponsor of the Bahrain International Airshow (BIAS) 2022.

MENTORSHIP FORUM MIDDLE EAST 2022 ANNOUNCES GULF INTERNATIONAL BANK AS FORUM PARTNER

info@gib.com (GIB) — Mon, 24 Oct 2022 10:30 +0300

Mentorship Forum Middle East (MFME) today announced Gulf International Bank (GIB) as a Forum Partner for its upcoming third edition on 6 December 2022 in the Kingdom of Bahrain under the patronage of HH Sh. Hessa Bint Khalifa Al Khalifa, Member of the Supreme Council for Women and Chairperson of INJAZ Bahrain and with the support of Lead Partner National Bank of Bahrain.

GIB TAKES PART IN PIF’S VOLUNTARY CARBON MARKETS AUCTION AND SIGNS TO SUPPORT THE KINGDOM’S DECARBONISATION GOALS

info@gib.com (GIB) — Mon, 31 Oct 2022 13:30 +0300

Gulf International Bank – Saudi Arabia (GIB) announced that it took part in the world’s largest-ever carbon credit auction of 1.4 million tonnes, launched by Saudi Arabia’s Public Investment Fund (PIF) at the opening day of the sixth edition of the Future Investment Initiative (FII) in Riyadh. The Voluntary Carbon Market (VCM) initiative aims to encourage companies in the Kingdom, to trade carbon credits, which will, in turn accelerate the transition to a carbon neutral future.

GULF INTERNATIONAL BANK ACHIEVES 30% INCREASE IN NET PROFIT FOR THE NINE-MONTH PERIOD ENDED 30TH SEPTEMBER 2022

info@gib.com (GIB) — Sun, 13 Nov 2022 08:30 +0300

For the third quarter of 2022, GIB reported a net profit attributable to the Shareholders of the Bank amounting to $11.6 million compared to $21.2 million reported in the same quarter last year, representing a drop of 45%.

DURING THE 10TH SAUDI TRADE FINANCE SUMMIT GIB KSA WINS TWO AWARDS AT THE SAUDI BANK AWARDS

info@gib.com (GIB) — Thu, 01 Dec 2022 09:30 +0300

Gulf International Bank - Saudi Arabia (GIB KSA) announces that it has been honoured with two awards at the Saudi Bank Awards organised under Saudi Trade Finance Summit, held in Riyadh on November 14-15, 2022.

GIB Joins as Signatory to the Abu Dhabi Sustainable Finance Declaration in its 5th Round During the R.A.C.E Sustainability Summit

info@gib.com (GIB) — Sun, 04 Dec 2022 11:30 +0300

Gulf International Bank B.S.C. (GIB) announced its participation in the R.A.C.E Sustainability Summit where it joined the latest signatories of the Abu Dhabi Sustainable Finance Declaration during the first edition of Abu Dhabi Finance Week (ADFW) hosted by Abu Dhabi Global Market (ADGM).

GIB Launches Its 2022 Internship Programme for New Graduates in Bahrain

info@gib.com (GIB) — Mon, 12 Dec 2022 10:45 +0300

Gulf International Bank (GIB) B.S.C. today announced the launch of its internship programme in Bahrain for new university graduates in line with the bank’s strategy to support the development and empowerment of Bahraini youth and train the next generation of business leaders.

Sustainability Forum Middle East Announces GIB as “ESG Partner” for its Inaugural Edition on Business Transition to Net-Zero

info@gib.com (GIB) — Tue, 27 Dec 2022 08:45 +0300

Sustainability Forum Middle East today announced Gulf International Bank (GIB) as the “ESG Partner” for its upcoming inaugural edition focusing on “Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future”.

Gulf International Bank Sponsors Saudi Future Minerals Forum 2023 as Platinum Sponsors

info@gib.com (GIB) — Sun, 08 Jan 2023 11:45 +0300

Al Khobar – 8 January 2023: Gulf International Bank – Saudi Arabia (GIB) today announced that it is the Platinum Sponsor for a second year of the Future Minerals Forum 2023 taking place in Riyadh on 11-12 January 2023 at the King Abdulaziz International Conference Centre.

GIB’s Team Gears Up for Participation at Sustainability Forum Middle East 2023 Supporting Regional Decarbonisation

info@gib.com (GIB) — Mon, 09 Jan 2023 10:00 +0300

Manama – 9 January 2022: Gulf International Bank (GIB) today announced the participation of its senior executives at the upcoming Sustainability Forum Middle East taking place on 9 January 2023 in the Kingdom of Bahrain focusing on “Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future”.

GULF INTERNATIONAL BANK - SAUDI ARABIA EXPANDS ITS SUPPORT FOR NON-PROFIT SECTOR THROUGH COLLABORATIONS WITH CHARITABLE ASSOCIATIONS

info@gib.com (GIB) — Thu, 19 Jan 2023 08:45 +0300

Gulf International Bank - Saudi Arabia (GIB Saudi Arabia), as part of its corporate social responsibility programmes, today announced its support through the provision of SAR600,000 to the non-profit sector in cooperation with two charitable associations in the Kingdom of Saudi Arabia. The first is Aknan Charitable Society for housing and development in the Eastern Province, established to empower individuals to enhance the quality of housing and development programmes. The other is the Children with Disabilities Association, which provides comprehensive care and support programmes for disabled children.

Red Sea Global Achieves Commercial Close on SAR 1.6 billion Al Mutlaq Group Joint Venture Debt Financing

info@gib.com (GIB) — Tue, 24 Jan 2023 09:30 +0300

- Commercial Close included SAR 1.081 billion (USD 288 million) green debt financing from Gulf International Bank -Saudi Arabia, the fifth Saudi bank to support Red Sea Global
- Joint Venture Agreement with Al Mutlaq Group signed in July 2022 for Jumeirah property

GULF INTERNATIONAL BANK - SAUDI ARABIA WINS BAYAN CREDIT BUREAU 2022 AWARD FOR EXCELLENCE IN CREDIT MANAGEMENT

info@gib.com (GIB) — Thu, 09 Feb 2023 09:00 +0300

Gulf International Bank -Saudi Arabia (GIB Saudi Arabia) today announced that it has been honoured for “Excellence in Credit Management” by Bayan Credit Bureau 2022 Awards.

GULF INTERNATIONAL BANK REPORTS RECORD GROWTH OF 108% IN NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK

info@gib.com (GIB) — Tue, 28 Feb 2023 08:30 +0300

In the fourth quarter of 2022, the Bank reported net income attributable to the Shareholders of the Bank of $28.0 million, compared to a loss of $1.0 million in the same period last year.

GIB SUPPORTS EARTHQUAKE VICTIMS IN TURKEY AND SYRIA

info@gib.com (GIB) — Sun, 05 Mar 2023 12:00 +0300

As part of its corporate social responsibility, Gulf International Bank (GIB) has participated in the national campaign, called for by His Majesty King Hamad bin Isa Al Khalifa, to support earthquake victims in Turkey and Syria.

Gulf International Bank B.S.C. and GIB Capital Win Five Honours from the EMEA Finance Middle East Banking Awards 2022

info@gib.com (GIB) — Wed, 22 Mar 2023 16:15 +0300

Manama – 22 March 2023: Gulf International Bank B.S.C. (GIB) and its Riyadh-based regional investment banking and asset management arm, GIB Capital, announced that they were collectively shortlisted for five awards by EMEA Finance. The awards were presented during the 15th Annual EMEA Finance Middle East Banking Awards 2022, held in March 2023. The EMEA Finance Awards recognise the achievements of the best banks, asset managers and brokers in countries across the MENA region.

GIB PADEL TOURNAMENT FOR BANKS AND FINANCIAL INSTITUTIONS

info@gib.com (GIB) — Sun, 02 Apr 2023 13:00 +0300

In support of sporting activities in the Kingdom of Bahrain, Gulf International Bank (GIB) organised a three-night Ramadan Padel tournament for banks, financial institutions and companies which took place at the Let's Padel courts at the Ritz Carlton Hotel from the 30th March to the 1st April 2023.

GULF INTERNATIONAL BANK SHAREHOLDERS APPROVE EQUITY RESTRUCTURING

info@gib.com (GIB) — Mon, 17 Apr 2023 13:15 +0300

Gulf International Bank B.S.C. (GIB or the Bank) announced that it has obtained approval of its shareholders at an extra-ordinary general assembly meeting on 30 March 2023 to restructure the Bank’s equity after having received regulatory approvals. The move aims to support GIB’s growth strategy and build on the progress and profitability achieved over the last two years.

GULF INTERNATIONAL BANK RECEIVES RATINGS UPGRADES FROM FITCH TO ‘A-’/STABLE

info@gib.com (GIB) — Wed, 19 Apr 2023 15:00 +0300

Gulf International Bank (GIB) announced that Fitch Ratings has upgraded its Long-Term (LT) Issuer Default Ratings (IDR) to ‘A-’/Stable from ‘BBB+’/Positive for Gulf International Bank BSC, Gulf International Bank – Saudi Arabia and Gulf International Bank (UK) Ltd

GULF INTERNATIONAL BANK RECORDS STRONG FIRST QUARTER RESULTS NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT SOARED BY 273% TO $47.8 MILLION

info@gib.com (GIB) — Mon, 15 May 2023 08:30 +0300

Gulf International Bank B.S.C. (GIB) reported $47.8 million net profit attributable to the shareholders of the parent for the first quarter of 2023, compared to $12.8 million for the same period last year representing a record increase of 273%, driven by higher revenue across all business segments. The consolidated net profit of the GIB Group reached of $56.6 million during the first quarter compared to a net profit of $21.0 million in the same period last year, an increase of 170%.

GULF INTERNATIONAL BANK PARTNERS WITH NOON TO SUPPORT THE ACQUISITION OF NAMSHI

info@gib.com (GIB) — Wed, 24 May 2023 11:45 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has structured and fully underwritten a facility for Noon AD Holdings Ltd and Noon Investment Company CJSC (together with the Noon Group) to support the full acquisition of Namshi Holdings Limited from the UAE's largest publicly traded developer, Emaar.

GIB Signs Credit Facility Agreement with Italy’s SAIPEM

info@gib.com (GIB) — Mon, 29 May 2023 08:30 +0300

Gulf International Bank – Saudi Arabia (“GIB KSA”) today announced the signing of a SAR1.07 billion credit facility agreement with the Italian-listed multinational engineering group, SAIPEM (“the Company”). The facility, in the form of a letter of guarantee, supports the Company’s ongoing activities in the Kingdom of Saudi Arabia.

Gulf International Bank Led Transactions Win Multiple Awards at The Bonds, Loans & Sukuk Middle East Awards

info@gib.com (GIB) — Mon, 05 Jun 2023 14:45 +0300

Gulf International Bank (GIB) and its Riyadh-based regional investment banking and asset management arm, GIB Capital, today announced the following transactions have received recognition by GFC Media Group (organisers of Bonds, Loans & Sukuk Middle East conference)

GULF INTERNATIONAL BANK SIGNS SILVER SPONSORSHIP AGREEMENT WITH AL NASSR FOOTBALL CLUB

info@gib.com (GIB) — Mon, 12 Jun 2023 19:45 +0300

Gulf International Bank – Saudi Arabia (GIB) has signed a three-year silver sponsorship agreement with Saudi Al Nassr Football Club as of 1 July 2023 as part of its commitment to supporting the development of Saudi sports.

GULF INTERNATIONAL BANK TAKES PART IN WORLD’S LARGEST CARBON

info@gib.com (GIB) — Tue, 20 Jun 2023 11:15 +0300

Credit Auction Conducted by RVCM

Gulf International Bank took part in the Regional Voluntary Carbon Market Company auction in Nairobi, Kenya, the world’s largest sale of voluntary carbon credits.

GULF INTERNATIONAL BANK PARTNERS WITH WORLD CLIMATE SUMMIT IN DUBAI

info@gib.com (GIB) — Tue, 11 Jul 2023 09:45 +0300

Gulf International Bank B.S.C. (GIB) today announced its partnership with World Climate Summit – The Investment COP 2023. The event, which is hosted by World Climate Foundation, will take place on 7-8 December along COP 28 in Dubai.

Gulf International Bank Honoured for Best API Banking Initiative by Global Finance Innovators Awards 2023

info@gib.com (GIB) — Tue, 01 Aug 2023 12:45 +0300

Gulf International Bank (GIB) was honoured for Top Innovations in Finance for Open Banking by the Global Finance Innovators Awards 2023, winning for Best API Banking Initiative. This is Global Finance’s 11th annual awards programme dedicated to celebrating financial institutions that regularly identify new paths and design innovative new tools in finance.

GULF INTERNATIONAL BANK ANNOUCES OUTSTANDING FIRST HALF RESULTS WITH 108% INCREASE IN NET INCOME ATTRIBUATABLE TO SHAREHOLDERS OF THE BANK, EXCEEDING THE FULL YEAR RESULTS OF 2022

info@gib.com (GIB) — Tue, 08 Aug 2023 08:15 +0300

In the second quarter of 2023, the positive trend continues as the net profit attributable to Shareholders of the Bank surges to $33.4 million, an increase of 27%, surpassing last year’s $26.3 million for the same period.

Gulf International Bank to Participate in Sibos 2023

info@gib.com (GIB) — Sun, 10 Sep 2023 11:30 +0300

Gulf International Bank B.S.C. (GIB) is delighted to announce its participation in Sibos 2023, the world’s premier financial services event, taking place this year in Toronto, Canada, from 18th to 21st September.

Gulf International Bank Becomes a Signatory to the UN Women’s Empowerment Principles

info@gib.com (GIB) — Sun, 22 Oct 2023 12:15 +0300

Manama – 22 October 2023: Gulf International Bank B.S.C. (GIB) today announced that it has become a signatory to the Women’s Empowerment Principles (WEPs). Established by UN Women and UN Global Compact, WEPs are a set of principles offering guidance to businesses on how to advance gender equality and women’s empowerment.

Gulf International Bank - Saudi Arabia Sponsors Tanween - Ithra’s Flagship Creativity Conference

info@gib.com (GIB) — Thu, 26 Oct 2023 16:00 +0300

Al Khobar – 26 October 2023: Gulf International Bank - Saudi Arabia (GIB - Saudi Arabia) today announced that it has signed a strategic sponsorship agreement with King Abdulaziz Center for World Culture (Ithra) in support of its Tanween 2023 Conference taking place from 1st to 4th November 2023.

The Helicopter Company Signs SAR 800 Million Murabaha Loan Facility Agreement with Gulf International Bank - Saudi Arabia

info@gib.com (GIB) — Mon, 06 Nov 2023 13:30 +0300

The Helicopter Company (THC), a fully owned company of the Public Investment Fund is Saudi Arabia's premier provider of commercial helicopter services and has recently signed a SAR 800 million Murabaha facility agreement with Gulf International Bank - Saudi Arabia (GIB – Saudi Arabia).

Gulf International Bank B.S.C. Signs a Platinum Sponsorship with Shaikh Ebrahim bin Mohammed Al Khalifa Center for Culture and Research for Manamat Al Gosaibi

info@gib.com (GIB) — Wed, 08 Nov 2023 20:15 +0300

Gulf International Bank B.S.C. (GIB) is delighted to announce that it has signed a platinum sponsorship agreement with Shaikh Ebrahim bin Mohammed Al Khalifa Center for Culture and Research (SEC) for Manamat Al Gosaibi.

GULF INTERNATIONAL BANK ACHIEVES RECORD RESULTS IN THE PAST DECADE WITH 141% GROWTH IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS OF THE BANK

info@gib.com (GIB) — Mon, 13 Nov 2023 07:00 +0300

In the third quarter of 2023, the Bank's dedication and commitment to achieving strategic objectives resulted in a remarkable 255% increase in net profit attributable to the Bank's shareholders, totalling $41.2 million for the quarter, surpassing the previous year's $11.6 million for the same period. This outstanding achievement is primarily a result of a 42% increase in net interest income, amounting to $129.2 million, which is indicative of the positive tailwind from the interest rate environment and enhanced balance sheet spreads.

Gulf International Bank Wins Four Honours from The Digital Banker Global Transaction Banking Innovation Awards 2023

info@gib.com (GIB) — Thu, 16 Nov 2023 11:00 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has won four awards from The Digital Banker Global Transaction Banking Innovation Awards 2023.

Gulf International Bank Wins “Best Payment Services in the Middle East” from the EMEA Finance Treasury Services Awards 2023

info@gib.com (GIB) — Sun, 19 Nov 2023 08:45 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has won “Best Payment Services in the Middle East” from the EMEA Finance Treasury Services Awards 2023.

Gulf International Bank- Saudi Arabia Collaborates with Eayni Recycling Association Cooperative

info@gib.com (GIB) — Tue, 21 Nov 2023 12:30 +0300

Gulf International Bank - Saudi Arabia has signed an agreement appointing Eayni Recycling Association Cooperative to manage the recycling of the bank’s waste in line with GIB’s sustainability drive and effort to reduce and manage the environmental impact of its operations.

Bapco Energies Successfully Completes Amend and Extend of Existing $2.2 Billion Dual-Tranche Sustainability-linked Murabaha and Conventional Term Facility, with an Upsize to $2.5 Billion

info@gib.com (GIB) — Wed, 29 Nov 2023 11:45 +0300

Bapco Energies, the integrated energy Company leading the energy transition in the Kingdom of Bahrain, announced today the successful closing of its $2.2 billion dual-tranche Sustainability-linked Term facility.

Gulf International Bank B.S.C. releases Sustainable & Transition Finance Framework

info@gib.com (GIB) — Thu, 30 Nov 2023 09:00 +0300

Gulf International Bank B.S.C. has released its Sustainable and Transition Finance Framework (the “Framework”). The purpose of the Framework is to set out how GIB classifies and manages sustainable finance transactions.

GULF INTERNATIONAL BANK CELEBRATES 52nd UAE NATIONAL DAY

info@gib.com (GIB) — Mon, 04 Dec 2023 12:45 +0300

In honour of the 52nd National Day of the United Arab Emirates, Gulf International Bank (GIB), held a celebration for its Abu Dhabi and Dubai based employees.

Gulf International Bank Celebrates Bahrain’s 52nd National Day

info@gib.com (GIB) — Thu, 21 Dec 2023 09:30 +0300

In honour of the 52nd National Day of the Kingdom of Bahrain on December 16, 2023, Gulf International Bank B.S.C.

Gulf International Bank – Saudi Arabia successfully closes its debut SAR 1.5 billion Tier 2 Sukuk under its inaugural SAR 3 billion Tier 2 Sukuk Programme

info@gib.com (GIB) — Mon, 25 Dec 2023 14:30 +0300

Gulf International Bank – Saudi Arabia (the “Bank“ or “GIB KSA”) successfully raised SAR 1.5 billion through a debut issuance of a 10NC5 Tier 2 Sukuk (the “Sukuk”) under the Bank’s inaugural SAR 3 billion Tier 2 Sukuk programme.

Bapco Energies Boosts Bahrain's Financial Landscape with Inaugural ESG-Linked Interest Rate Swap

info@gib.com (GIB) — Wed, 03 Jan 2024 15:15 +0300

Bapco Energies, the integrated energy company leading the energy transition in the Kingdom of Bahrain, has announced the first ESG-linked Interest Rate Swap (IRS) in the Kingdom.

GULF INTERNATIONAL BANK – SAUDI ARABIA CONTINUES ITS PARTNERSHIP WITH THE SAUDI FUTURE MINERALS FORUM AS PLATINUM SPONSORS

info@gib.com (GIB) — Fri, 12 Jan 2024 12:45 +0300

Gulf International Bank – Saudi Arabia (GIB) today announced that it is a Platinum Sponsor of the Future Minerals Forum 2024 for a third year, during 9-11 January 2024 at the King Abdulaziz International Conference Centre in Riyadh.

Gulf International Bank B.S.C (GIB) releases its first Taskforce for Climate-related Financial Disclosure (TCFD) Report

info@gib.com (GIB) — Sun, 21 Jan 2024 09:30 +0300

In line with the recommendations of the Taskforce for Climate-related Financial Disclosure (TCFD), Gulf International Bank B.S.C. (GIB) issued its first TCFD report where it provides information on its governance, strategy, risk management and the metrics and targets it uses in climate-related activities.

Gulf International Bank Hosts Inaugural Rowad Awards Gala Dinner Honouring Long-Serving Employees and Rowad Award Winners

info@gib.com (GIB) — Sun, 28 Jan 2024 08:45 +0300

Gulf International Bank (GIB) today announced that it has hosted the first Rowad Awards Gala Dinner at the Ritz-Carlton Bahrain, honouring its long-serving employees and Rowad Award winners.

GULF INTERNATIONAL BANK REPORTS RECORD FINANCIAL RESULTS MARKING 78% INCREASE IN NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK

info@gib.com (GIB) — Wed, 28 Feb 2024 06:15 +0300

In the fourth quarter of 2023, the net income attributable to the Shareholders of the Bank was $17.6 million, compared to $28.0 million in the same period of the preceding year, a 37% slimdown. Fourth quarter’s results are primarily driven by 16% surge in net interest income propelled by effective management of the balance sheet, widened balance sheet spreads, and favourable interest rates conditions.

GULF INTERNATIONAL BANK ANNOUNCES NEW SENIOR LEADERSHIP APPOINTMENTS IN SAUDI ARABIA AND BAHRAIN

info@gib.com (GIB) — Wed, 28 Feb 2024 20:00 +0300

- Khaled Abbas appointed as CEO, GIB Saudi Arabia -

- Sara Abdulhadi appointed as CEO, GIB B.S.C. -

GULF INTERNATIONAL BANK B.S.C. LAUNCHES ITS WHOLESALE BANKING BRANCH IN THE SULTANATE OF OMAN

info@gib.com (GIB) — Thu, 07 Mar 2024 14:45 +0300

Gulf International Bank B.S.C. (GIB) celebrated the official launch of its wholesale banking branch in Muscat, another milestone in the Group’s GCC expansion strategy and further commitment to the Sultanate of Oman as a core target market for the GIB Group.

GULF INTERNATIONAL BANK B.S.C. APPOINTS YASEEN AL LAWATI AS HEAD OF OMAN BRANCH

info@gib.com (GIB) — Sun, 17 Mar 2024 11:15 +0300

Gulf International Bank B.S.C. (GIB) announced the appointment of Yaseen Al Lawati as the Branch Manager for GIB Oman, the Bank’s newly established branch in Muscat, which provides comprehensive wholesale banking solutions to a growing number of corporates, financial institutions, and government clients across the Sultanate.

GIB Hosts Second Successful Ramadhan Padel Tournament for Corporates and Financial Institutions

info@gib.com (GIB) — Thu, 21 Mar 2024 11:00 +0300

Gulf International Bank B.S.C. (GIB) recently organised its Second Ramadhan Padel Tournament for Corporates and Financial Institutions.

GIB Hosts Third GIB Executive Forum Webinar with David Rubenstein

info@gib.com (GIB) — Thu, 28 Mar 2024 13:30 +0300

Gulf International Bank B.S.C. announces the successful hosting of its third exclusive GIB Executive Forum Webinar under the theme “Navigating the Age of Uncertainty”.

GULF INTERNATIONAL BANK RECORDS STRONG FIRST QUARTER RESULTS

info@gib.com (GIB) — Tue, 14 May 2024 06:00 +0300

Gulf International Bank B.S.C. (GIB) recorded a net profit of $47.5 million attributable to the bank's shareholders in the first quarter of 2024, compared to $47.8 million in the corresponding period last year, change of 0.6%.

Gulf International Bank Supports Tree Planting in Seef District

info@gib.com (GIB) — Sun, 26 May 2024 12:45 +0300

Gulf International Bank (GIB) continues its support of the National Initiative for the Agricultural Development’s (NIAD) national afforestation campaign.

Gulf International Bank Participates at GTR Saudi Arabia 2024

info@gib.com (GIB) — Wed, 29 May 2024 09:00 +0300

Gulf International Bank - Saudi Arabia took part in the GTR Saudi Arabia 2024 as a Gold Sponsor.

Gulf International Bank Participates as Gold Sponsor at Bonds, Loans & Sukuk Middle East 2024

info@gib.com (GIB) — Sun, 02 Jun 2024 10:45 +0300

Gulf International Bank B.S.C. (GIB) announces its participation at Bonds, Loans & Sukuk Middle East 2024 as a Gold Sponsor.

Gulf International Bank Secures Four Honours at EMEA Finance Annual Achievement Awards 2023

info@gib.com (GIB) — Thu, 27 Jun 2024 09:15 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has been honoured with four wins at the EMEA Finance Annual Achievement Awards 2023, which recognise the leading capital markets deals and the banks behind them across Europe, the Middle East and Africa.

GIB SUCCESSFULLY ISSUES US$500 MILLION FIVE-YEAR BOND UNDER ITS EURO MEDIUM TERM NOTE (EMTN) PROGRAMME

info@gib.com (GIB) — Sun, 30 Jun 2024 09:30 +0300

Offering achieves milestone pricing for the Bank and receives strong interest from regional and international investors.

Gulf International Bank B.S.C. Issues Sustainability Report

info@gib.com (GIB) — Mon, 08 Jul 2024 11:15 +0300

Gulf International Bank B.S.C. (GIB) published the Bank’s groupwide Sustainability Report demonstrating GIB’s commitment to sustainable growth and performance against Environmental, Social and Governance indicators

GULF INTERNATIONAL BANK APPOINTS VICTORIA BARRON AS CHIEF SUSTAINABILITY OFFICER

info@gib.com (GIB) — Mon, 05 Aug 2024 14:00 +0300

GIB Asset Management UK (GIB AM) part of the Gulf International Bank Group (GIB) today announced Victoria Barron's appointment as Chief Sustainability Officer.

GIB REPORTS NOTABLE GROWTH AND STRATEGIC SUCCESS WITH NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK OF $88.5 MILLION IN THE FIRST HALF

info@gib.com (GIB) — Tue, 06 Aug 2024 06:15 +0300

In the second quarter of 2024, the Bank demonstrated a robust growth trajectory, successfully navigating competitive market conditions and achieving its strategic goals.

Gulf International Bank Employees Volunteer at Kayan Rehabilitation Center

info@gib.com (GIB) — Sun, 18 Aug 2024 10:30 +0300

Gulf International Bank B.S.C. (GIB) employees volunteered at the Kayan Rehabilitation Center, a leading Bahraini speciality school dedicated to supporting children with autism.

Gulf International Bank B.S.C. Receives Ratings Affirmation from Capital Intelligence

info@gib.com (GIB) — Wed, 21 Aug 2024 12:15 +0300

Gulf International Bank B.S.C. announced that Capital Intelligence Ratings (“CI”) has affirmed its Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘A+’ and ‘A1’, respectively.

GIB Saudi Arabia Announces Silver Sponsorship of 24 Fintech 2024 in Riyadh

info@gib.com (GIB) — Sun, 01 Sep 2024 10:15 +0300

Gulf International Bank - Saudi Arabia today announced its Silver Sponsorship of 24 Fintech 2024, Saudi Arabia's flagship fintech event, set to take place at the Riyadh Front Exhibition & Conference Center from 3^rd to 5^th September 2024.

Gulf International Bank B.S.C. Supports Down Syndrome Care Center

info@gib.com (GIB) — Thu, 03 Oct 2024 08:30 +0300

Gulf International Bank B.S.C. has announced new support for the Down Syndrome Care Center, affiliated with the Bahrain Down Syndrome Society, by providing a dedicated section for motor rehabilitation and early intervention.

GIB Saudi Arabia Signs Partnership with Saudi Cancer Foundation

info@gib.com (GIB) — Wed, 09 Oct 2024 13:15 +0300

Gulf International Bank-Saudi Arabia (GIB-Saudi Arabia) has announced a new partnership with the Saudi Cancer Foundation to spread cancer awareness and support the society in providing necessary care for cancer patients in the Eastern Province.

Gulf International Bank Saudi Arabia Signs Agreement to Provide Financing to Altakassusi Alliance Medical

info@gib.com (GIB) — Mon, 14 Oct 2024 08:30 +0300

Gulf International Bank - Saudi Arabia today announced that it has signed an agreement with Altakassusi Alliance Medical (AAM), a leading regional diagnostic imaging company, to provide financing for the first privatization and partnership project between the private sector and Saudi Arabia’s Ministry of Health.

GIB Saudi Arabia Enhances Payment Solutions by Joining the Buna Platform

info@gib.com (GIB) — Mon, 11 Nov 2024 13:45 +0300

Gulf International Bank - Saudi Arabia (GIB Saudi Arabia) has announced its integration with Buna, a cross-border and multi-currency payment platform managed by the Arab Regional Payments Clearing and Settlement Organization (ARPCSO) which is owned by the Arab Monetary Fund (AMF).

GIB Reports Consistent Growth with $126.4 Million Net Profit Attributable to Shareholders

info@gib.com (GIB) — Thu, 14 Nov 2024 06:15 +0300

In the third quarter of 2024, the net profit attributable to shareholders was $37.9 million, reflecting an 8% decrease from $41.2 million in the same period last year.

GULF INTERNATIONAL BANK - SAUDI ARABIA PARTICIPATES IN REGIONAL VOLUNTARY CARBON MARKET COMPANY’S CARBON CREDIT AUCTION AT COP 29 IN BAKU, STRENGTHENING ITS SUSTAINABILITY EFFORTS

info@gib.com (GIB) — Mon, 25 Nov 2024 11:45 +0300

Gulf International Bank - Saudi Arabia (GIB – Saudi Arabia) announced its participation in the latest carbon credit auction held by the Regional Voluntary Carbon Market Company (RVCMC) on its new exchange platform, which took place in Baku, Azerbaijan this year alongside COP 29.

BAB Celebrates International Day of Banks and Announces Digital Transformation Award Winners

info@gib.com (GIB) — Thu, 05 Dec 2024 11:00 +0300

The Bahrain Association of Banks (BAB) hosted a ceremony to commemorate the International Day of Banks, an occasion initiated by the Association through the Ministry of Foreign Affairs in 2019.

Sustainability Forum Middle East Welcomes Gulf International Bank as a Forum Partner for its 2025 Edition Focused on Climate and Energy Resilience

info@gib.com (GIB) — Wed, 25 Dec 2024 14:30 +0300

Sustainability Forum Middle East today announced Gulf International Bank B.S.C. (GIB) as a Forum Partner for its upcoming third edition, set to take place on January 28-29, 2025, in the Kingdom of Bahrain.

Gulf International Bank - Saudi Arabia Sponsors Al Sharqiyah International Race 2024

info@gib.com (GIB) — Thu, 26 Dec 2024 14:30 +0300

GIB Saudi Arabia proudly announced its sponsorship of Al Sharqiyah International Race, on 14th December at the Al Khobar Corniche, held under the patronage of His Royal Highness Prince Saud bin Nayef bin Abdulaziz Al Saud.

Gulf International Bank’s Eighth ‘GIB Golf Cup’ Successfully Concludes in Riyadh

info@gib.com (GIB) — Thu, 13 Feb 2025 10:45 +0300

Gulf International Bank (GIB – Saudi Arabia) successfully concluded its 8th edition ‘GIB Golf Cup 2025’ at Dirab Golf & Country Club held Recently in Riyadh. The tournament saw Benjamin Santuyo and Michael White emerge as the champions with a score of 61.

GIB Reports $134.8 Million Net Profit Attributable to Shareholders

info@gib.com (GIB) — Thu, 27 Feb 2025 07:45 +0300

In the fourth quarter of 2024, the net profit attributable to shareholders was $8.4 million, representing a 52% drop from $17.6 million in the same period last year. Fourth quarter’s results are primarily driven by a surge of $19.6 million in core income including fees and commission income, foreign exchange income and other income on one hand, offset by $30.1 million drop in market driven trading income.

GIB to Host Third Annual Ramadan Padel Tournament

info@gib.com (GIB) — Tue, 04 Mar 2025 14:30 +0300

As part of its commitment to promoting sports activities and strengthen relationships among the banks, corporate institutions and companies, Gulf International Bank (GIB) will host its third annual Ramadan Padel Tournament for banks, financial institutions, and companies in the Kingdom of Bahrain.

GIB Concludes Third Successful Ramadan Padel Tournament

info@gib.com (GIB) — Thu, 13 Mar 2025 13:30 +0300

Gulf International Bank (GIB) recently hosted its third annual Ramadan Padel Tournament, reinforcing its continued commitment to promoting sports and fostering connections within the financial and corporate institutions.

Gulf International Bank Group Wins Seven Awards at EMEA Finance Middle East Banking Awards 2024

info@gib.com (GIB) — Wed, 19 Mar 2025 11:30 +0300

Gulf International Bank (GIB) won seven prestigious awards at the EMEA Finance Middle East Banking Awards 2024.

GIB and Morooj Announce Strategic Partnership to Plant 21,000 Mangrove Trees in the Eastern Province

info@gib.com (GIB) — Tue, 22 Apr 2025 11:00 +0300

Gulf International Bank - Saudi Arabia (GIB Saudi Arabia) today announced the signing of a strategic partnership with the Vegetation Cover Development Foundation, Morooj, committing SAR 900,000 over three years to support the planting of more than 21,000 mangrove trees in the Eastern Province.

GIB Becomes Official Sponsor of Saudi Professional Golfer Faisal Salhab

info@gib.com (GIB) — Sun, 27 Apr 2025 15:45 +0300

Gulf International Bank today announced its official sponsorship of Saudi professional golfer Faisal Salhab, underscoring the Bank’s commitment to supporting professional sports both locally and internationally.

GIB Group and Stanhope Capital Group Announce Strategic Partnership to Offer Wealth Advisory Services in the GCC Region

info@gib.com (GIB) — Tue, 29 Apr 2025 11:30 +0300

Gulf International Bank Group (“GIB Group”), a pan-GCC universal banking group, and Stanhope Capital Group (“Stanhope”), one of the world’s leading independent global wealth management firms, announced that they have entered into an agreement to offer wealth advisory services to institutional and qualified private clients in the GCC region.

GULF INTERNATIONAL BANK REPORTS 2025 FIRST QUARTER RESULTS

info@gib.com (GIB) — Wed, 14 May 2025 07:15 +0300

Amid a challenging market environment marked by heightened volatility and declining trading income due to trade tariffs, Gulf International Bank achieved net profit attributable to shareholders of $48.0 million for the first quarter of 2025. This reflects a 1% increase from $47.5 million in the same period last year.

Gulf International Bank B.S.C Closes Debut US$500 Million Islamic Syndicated Financing Facility

info@gib.com (GIB) — Sun, 18 May 2025 09:30 +0300

Gulf International Bank B.S.C. (GIB) today announced that it has successfully closed its debut US$500 million syndicated Murabaha financing facility, marking the Bank’s first Islamic syndicated transaction in the international market.

Abdul Aziz Al Ajlan Sons Co. for Commercial and Real Estate Investment (Ajlan & Bros) successfully executes its maiden syndicated unsecured USD 300 million 7 Years Term Murabaha Facility

info@gib.com (GIB) — Mon, 04 Aug 2025 09:00 +0300

Abdul Aziz Al Ajlan Sons Co. for Commercial and Real Estate Investment has successfully executed its maiden syndicated unsecured USD 300 million 7 years term Murabaha facility with a group of regional and Saudi banks.

GIB reports strong first half financial results, demonstrating continued strategic progress and financial strength

info@gib.com (GIB) — Thu, 14 Aug 2025 08:45 +0300

In Q2 2025, net profit attributable to shareholders soared to $44.2 million, marking an 8% increase from $41 million during the same period last year.

GIB in Bahrain Announces New Appointments of the Board of Directors

info@gib.com (GIB) — Thu, 21 Aug 2025 15:00 +0300

Gulf International Bank B.S.C. (GIB) today announced the appointment of its new Board of Directors for a new three-year term, effective 8th August 2025.

GIB Gold Sponsor of Money20/20 Middle East Conference

info@gib.com (GIB) — Wed, 10 Sep 2025 08:30 +0300

Gulf International Bank - Saudi Arabia (GIB Saudi Arabia) today announced its Gold Sponsorship of the Money20/20 Middle East Conference and Exhibition taking place on 15-17 September 2025 at the Riyadh International Convention and Exhibition Center (Mulham) under the theme “Where Money Does Business.”

Gulf International Bank – Saudi Arabia Completes USD 500 Million International Additional Tier 1 Bond Issuance

info@gib.com (GIB) — Thu, 06 Nov 2025 14:30 +0300

Gulf International Bank – Saudi Arabia Completes USD 500 Million International Additional Tier 1 Bond Issuance

Al Khobar, Saudi Arabia – 06 November 2025:

Gulf International Bank – Saudi Arabia (“GIB Saudi Arabia”) has successfully priced a USD 500 million Additional Tier 1 (AT1) bond under its USD 1.5 billion AT1 Capital Note Programme. The proceeds will be used to strengthen the Bank’s capital base, diversify its funding sources, and advance its strategic objectives in alignment with Saudi Arabia’s Vision 2030.

Gulf International Bank Announces Successful USD 1 Billion Term Loan Financing for Energy Development Oman

info@gib.com (GIB) — Tue, 11 Nov 2025 11:30 +0300

Gulf International Bank Announces Successful USD 1 Billion Term Loan Financing for Energy Development Oman

Manama, Bahrain – 10 November: Gulf International Bank B.S.C. (GIB) announced the successful closing of a USD 1 billion five-year term loan facility for Energy Development Oman (EDO), arranged together with Mashreq as Joint Initial Mandated Lead Arrangers, Underwriters and Bookrunners

GIB REPORTS 11% INCREASE IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS OF THE BANK

info@gib.com (GIB) — Thu, 13 Nov 2025 08:15 +0300

GIB REPORTS 11% INCREASE IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS OF THE BANK

GIB announces strong financial results for the third quarter ending September 30, 2025, showcasing strong profitability, effective cost management, and successful income diversification. For the three months ending September 30^th 2025, net profit attributable to shareholders reached $48.0 million, a 27% increase from $37.9 million in the same period last year.

GIB - Saudi Arabia Appointed Strategic Partner for the 2025 PIF Saudi International

info@gib.com (GIB) — Tue, 18 Nov 2025 09:00 +0300

Al Khobar, 18 November 2025: Gulf International Bank - Saudi Arabia (GIB) has been appointed strategic partner for the upcoming 2025 PIF Saudi International powered by SoftBank Investment Advisers, held as part of Riyadh Season 2025, taking place from 19 to 22 November 2025 at Riyadh Golf Club. The event will again serve as the season finale of the Asian Tour’s International Series, attracting a world-class field of international and regional players.

GIB Saudi Arabia Achieves Mowaamah Gold Certification for Inclusive Employment Practices

info@gib.com (GIB) — Tue, 02 Dec 2025 09:15 +0300

Gulf International Bank – Saudi Arabia has been awarded the Gold Category of the Mowaamah Certification by the Ministry of Human Resources and Social Development, in recognition of its adoption of the required standards to create an inclusive and supportive work environment for persons with disabilities. The certification reflects the Bank’s compliance with key criteria, including institutional commitment, employment, knowledge, information technology, administrative communication, facilities and accessibility, and human resources management.

Gulf International Bank Announced as Strategic Partner for Sustainability Forum Middle East 2026

info@gib.com (GIB) — Sun, 04 Jan 2026 15:00 +0300

MANAMA – 4 January 2026 – Sustainability Forum Middle East (SFME) has announced Gulf International Bank B.S.C. (GIB) as a Strategic Partner for its fourth edition, taking place on 27–28 January 2026 at the Four Seasons Hotel in the Kingdom of Bahrain, in the presence of H.E. Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, and with the support of the Supreme Council for Environment.

Finance Minister attends GIB golden jubilee reception

info@gib.com (GIB) — Thu, 29 Jan 2026 12:15 +0300

Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, attended a reception celebrating the golden jubilee of the Gulf International Bank (GIB).

Gulf International Bank - Saudi Arabia’s Ninth ‘GIB Golf Cup’ Held in Riyadh

info@gib.com (GIB) — Mon, 09 Feb 2026 10:15 +0300

Gulf International Bank - Saudi Arabia held the 9th edition of its annual ‘GIB Golf Cup’ in Riyadh, continuing the Bank’s longstanding support for golf and its engagement with the Kingdom’s business and sporting communities.

GIB CELEBRATES 50 YEARS OF PROGRESS WITH 25% INCREASE IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS OF THE BANK

info@gib.com (GIB) — Thu, 26 Feb 2026 07:30 +0300

GIB achieved historic financial performance in the fourth quarter of 2025, with net profit attributable to shareholders reaching $28.9 million, reflecting a 244% increase from $8.4 million during the same period last year.

Gulf International Bank B.S.C. Establishes US$ 3 Billion Certificate of Deposit Programme

info@gib.com (GIB) — Tue, 14 Jul 2026 12:00 +0300

Gulf International Bank B.S.C. (“GIB” or the “Bank”), a leading pan-GCC banking institution, today announced the establishment of its US$ 3 billion Certificate of Deposit (“CD”) Programme, further strengthening the Bank’s funding platform and enhancing its access to short-term wholesale funding markets.

Gulf International Bank B.S.C. (GIB) Supports ‘Forever Green’ Campaign’s Tree-Planting Efforts to Enhance Environmental Sustainability

info@gib.com (GIB) — Thu, 20 Aug 2026 10:45 +0300

As part of its ongoing commitment to supporting environmental and community initiatives, Gulf International Bank B.S.C. (GIB) continues to support ‘Forever Green’, the national afforestation campaign of the National Initiative for Agricultural Development, by contributing to tree planting in East Hidd. This aims to expand green spaces and support sustainable development efforts in the Kingdom of Bahrain.

Gulf International Bank - Saudi Arabia Sponsors Money20/20 Middle East

info@gib.com (GIB) — Mon, 07 Sep 2026 11:45 +0300

Al Khobar – 8 September 2026: Gulf International Bank – Saudi Arabia (GIB Saudi Arabia) today announced that it will participate as a Platinum Sponsor of Money20/20 Middle East taking place from 14 to 16 September 2026 at the Riyadh Exhibition & Convention Center, ‘Malham’. The event is organised by Tahaluf in partnership with Fintech Saudi and supported by the Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority (CMA) and the Insurance Authority.

Gulf International Bank Reports Significant Improvement in its Sustainability Performance in S&P Global’s 2025 Corporate Sustainability Assessment

info@gib.com (GIB) — Sun, 18 Oct 2026 14:45 +0300

Gulf International Bank (GIB) has strengthened its sustainability performance in S&P Global’s 2025 Corporate Sustainability Assessment (CSA), achieving an above-industry-average result supported by strengths in governance and reporting and significant gains in sustainable finance and risk management.