SR.No: 84
Arab Banking Corporation (Bank ABC)
Sector: Banks & Financial Services
Date of Establishment: 1980
Country: Bahrain
Group CEO: Khaled Kawan
Sales: $1.3 billion
Profits: $-75 million
Assets: $30.4 billion
Market Value: $901 million
Bank ABC is present across 15 countries in the Middle East, Europe, North America, Latin America, and Asia. Its major shareholders are the Central Bank of Libya and the Kuwait Investment Authority. It is the second-largest listed Bahraini company by assets, worth $30.4 billion. In January 2021, Bank ABC entered into an agreement to acquire a 99.4% stake in BLOM Bank Egypt, which values BLOM Bank Egypt at $427.5 million.