Company Overview of ALUBAF Arab International Bank B.S.C.
Alubaf Arab International Bank B.S.C. (c) provides wholesale banking products and services to corporates, banks, investment companies, governments and semi-government entities, and public sector companies in the Middle East and North Africa region. It offers various treasury products, including deposits and placements; spot and forward foreign exchange transaction services; and advising and enabling investment in fixed income securities or commercial papers issued by regional governments/corporates. The company also provides loans comprising working capital financing, pre-export/post-export financing, and project financing, as well as arranges and facilitates syndication deals; and trade fin...
Alubaf Tower, Building 854
Road 3618, Avenue 436
PO Box 11529
Founded in 1982
Key Executives for ALUBAF Arab International Bank B.S.C.
Head of Financial Control
Head of Operations and Member of Management Risk Committee
Deputy Chief Executive Officer
Senior Deputy Chief Executive Officer
Compensation as of Fiscal Year 2014.
ALUBAF Arab International Bank B.S.C. Key Developments
Alubaf Reports Earnings Results for the First Quarter of 2014
May 8 14
Alubaf reported earnings results for the first quarter of 2014. The company reported an increase of 35% in net profit at $11.6 million for the first quarter, compared with the same period a year ago. The main driver of the increase in income was core business activity. Net interest income increased by 33% and fee and commission income by 70%, compared with the same period last year.
Alubaf Arab International Bank Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Feb 27 14
Alubaf Arab International Bank announced earnings results for the fourth quarter and full year ended December 31, 2013. Net profit for the fourth quarter of 2013 was $7 million, an increase of 37% over the same period of 2012. Main driver for increase in net profit was gross interest income, which contributed to 67% of operating income.
For the year, net profit surged to $37 million, an increase of 22% over 2012's $30 million. The average return on equity ratio stood at 12%.
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