GIB celebrates its 40th anniversary and launches its new corporate identity in Bahrain

Press release
Published December 13th, 2016 - 06:31 GMT

Mr. Ghazi Abduljawad, Dr. Khaled Al-Fayez (former GIB CEOs) and H.E. Sh. Hamad Al Sayari, Ex-Governor of SAMA at the event
Mr. Ghazi Abduljawad, Dr. Khaled Al-Fayez (former GIB CEOs) and H.E. Sh. Hamad Al Sayari, Ex-Governor of SAMA at the event

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.

Mr. Abdulaziz Al-Helaissi, GIB CEO, said: “Through 40 years of growth and achievements, GIB has always embraced progress and innovation. This is now personified in a refreshed brand, designed to complement our strategic ambitions in a challenging financial environment.”

GIB’s inception was founded on merchant banking activities but evolved into a full service bank through its diversification strategy. Now, the bank offers its clients a wider range of bespoke products such as fee-based financial solutions and progressive Global Transaction Banking services. The bank reached its transformative peak when it launched its digital banking proposition, meem by GIB in 2014, modernizing the culture of banking in the region.

“With the much enhanced identity and vision, GIB is now even better positioned to be the partner for both local and international clients with regional GCC interest and focus”, said Mr. Al-Helaissi.

GIB is owned by the governments of the six Gulf Cooperation Council countries, with Saudi Arabia’s Public Investment Fund being the primary shareholder.

GIB, the Gulf’s international bank, helps its clients thrive by working together to realise ambitions. GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond. This includes corporate banking, asset management, debt and equity capital market services, financial advisory services, mergers and acquisitions, and the world’s first Shariah compliant digital retail banking service, meem by GIB.

In addition to its main subsidiaries, London-based GIB (UK) Ltd., and Riyadh-based GIB Capital LLC, it has branches in London, New York, Abu Dhabi, Dhahran, Riyadh and Jeddah with a representative office in Dubai.  

Background Information

Gulf International Bank

Gulf International Bank B.S.C. (GIB) was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia.

Consequently, GIB's branch offices in the Kingdom will become part of the Saudi Arabian subsidiary, with the country headquarters located in Al Dhahran.

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