Total Assets

:

 $25.965 billion - on Dec 31st, 2009

Stockholders’ Equity

:

 $2.191 billion  - on Dec 31st, 2009

Headquarters

:

Arab Banking Corporation
ABC Tower, Diplomatic Area
PO Box 5698
Manama, Kingdom of Bahrain
(+973) 17 543000

Products

& Services

:

Wide range of banking services including Wholesale Commercial and Corporate Banking, Treasury, Islamic Banking, Retail Banking, Trade Finance Services through offices in 22 countries – Algeria, Bahrain, Brazil, France, Germany,  Iran, Iraq, Egypt, Lebanon, Italy, Jordan, Spain, Singapore, Sweden, Tunisia, Turkey, Libya, UAE, UK, Grand Cayman, Moscow and the US.

Online Services

:

ABC On-line -  abconline.arabbanking.com

Subsidiaries

:

ABC Islamic Bank (E.C.)
Arab Financial Services B.S.C. (c)
ABC Algeria
ABC Egypt
ABC Securities Egypt S.A.E.
ABC Jordan
ABC Tunisie
ABC International Bank plc
ABC (IT) Services Ltd.
Banco ABC Brasil S.A.

Management

:

Hassan Ali Juma
President and Chief Executive

Stock

:

ABC has a total of 2 billion shares of common stock outstanding. Stock trades on the Bahrain Stock Exchange under the ABC symbol. The bank's authorized capital is US$ 2.5 billion. The subscribed & fully paid-up capital is US$ 2 billion.

History

:

Arab Banking Corporation (ABC) was incorporated as a Bahrain joint stock company on 17th January 1980 by Amiri degree in Kingdom of Bahrain and was issued an Offshore Banking Unit license by the Bahrain Monetary Agency on April 7, 1980 beginning its operations that month with an authorized capital of US$1,000 million.

By April 1981, an amount of US$750 million was fully paid by ABC's original three shareholders: the Ministry of Finance of Kuwait (later transferred to the Kuwait Investment Authority), the Libyan Secretariat of Treasury (whose shares were later transferred to the Central Bank of Libya) and the Abu Dhabi Investment Authority.

Each of the three shareholding groups held one-third of ABC's share capital until 1990. At the end of 1989, ABC's authorized capital was increased to US$1,500 million. In 1990, ABC listed its shares on the Bahrain and Paris stock exchanges and increased its paid-up capital to US$1,000 million by a public offering in Bahrain and an international private placement.

In June 2008 ABC’s share capital was increased through a priority rights issue to existing shareholders of one share for every share held, i.e. 1.0 billion shares at nominal value of $1.00 each and at a premium of $0.11 per share. ABC's principal shareholders oversubscribed their rights in their pre-existing proportions. The allotment was completed on 18 June 2008, and ownership of ABC now stands as Kuwait Investment Authority 29.7%, Central Bank of Libya 29.5%, Abu Dhabi Investment Authority 27.6%, and other shareholders 13.2%.

ABC's strategy of diversified growth led to the development of its widespread network (the ABC Group) of branches, representative offices, subsidiaries and affiliates in 21 countries around the world, including most principal international financial centers.

Nadia Mehdid
Global Head of Corporate Communications

(+973) 17 543204

Shareholders Relations Unit

:

Abdul Rasool Jawaheri
Shareholder Relations

(+973) 17 543222