26. Egyptian Gulf Bank (EGBANK)
Sector: Banking and financial services
Vice Chairman and Managing Director: Nidal Assar
Market Value: $219 million
Sales: $287 million
Profits: $27 million
Assets: $2.8 billion
EGBANK was established to support developmental projects in Egypt and the Arab world. It currently provides corporate, retail, and investment banking services through 60 branches across Egypt and employs 2,057 people. The bank owns the Egyptian Gulf Holding Company for Financial Investments. The Misr Insurance Company is the bank’s main shareholder, with an 11% stake.