Arab African International Bank head office. Photo: Arab African International Bank via LinkedInThe first Arab multinational bank, Arab African International Bank (AAIB), is a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority, incorporated in 1964. The Arab African International Bank provides retail, corporate, and investment banking services in Egypt and internationally. In January 2009 the AAIB became the first Egyptian bank to adopt the Equator Principles.
| Website | http://www.aaib.com |
| Headquarters |
5 Midan Al Saray Al Koubra Garden City
11516 Cairo
Egypt
|
| CEO/chair |
Sherif Elwy CEO |
| Supervisor | |
| Annual report | Annual report 2021 |
| Ownership |
listed on Egyptian Exchange (EGC)
AAIB's two main shareholders are Central Bank of Egypt and Kuwait Investment Authority (49.37% each). |
| Complaints and grievances |
AAIB does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance. |
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
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The Arab African International Bank does not have any publicly disclosed investment policies. AAIB's corporate social responsibility webpage can be accessed here.
Arab African International Bank is reporting on the implementation here.