News Saudi Arabia’s state-owned Public Investment Fund (PIF) will sell a 15% stake in National Commercial Bank, according to Saudi finance Minister Ibrahim al-Assaf. The Minister said that a share offer plan will be submitted to the Saudi Capital Market Authority in the third quarter of this year. He added that the PIF would sell a 10% stake to the Saudi Public Pension Agency, in addition to the public offering of 15%. NCB is the largest bank in Saudi Arabia with assets of SR367,081mn ($98,888bn) and equity (including non-controlling interests) of SR41,11,178mn ($918mn) at the end ...
A message from the Chief Executive Officer
Welcome to the Arab Bankers’ Association!
We are an association of bankers and finance professionals who work in Arab financial markets. Most of our members, both corporate and individual, are based in the U.K. but a significant proportion are based outside. Nearly all of us have spent much of our professional lives living and working in the Arab world.
Our aims are simple: to foster improved relations, information sharing and understanding between the private and public sectors in the Arab world and the U.K. We achieve this through our programme of evening seminars and social events, through tailored events for individual members and their clients, and through personal interaction and introductions that are based on decades of business experience.
You will find more information about our work on the various pages of this website. For example, elsewhere on this page you can download a copy of our Annual Magazine; on the “Events” page you can download presentations given at recent evening seminars; and soon we will be adding a new page to our website -- “Arab Banking News” – where you will see a brief round-up of recent events that are relevant to our membership.
The “Join” page also contains a full list of member benefits.
This is an exciting time for Arab banks and their subsidiaries and affiliates in London. Gulf banks are looking to expand their international operations, banks in Egypt and other north African countries are finding their footing after the uncertainties of the Arab Spring, and debt issuance across the region is increasing.
London hosts the largest and most important banking community in Europe, so its not surprising that it is in London that many of the innovative new financial structures that are shaping Arab finance are designed and sold.
The ABA has been serving and promoting Arab banking in London for more than 30 years and we are as enthusiastic and committed to our mission today as we were on the day we were founded. If you are a member, I look forward to working alongside you in the months ahead. If you are not a member, I hope you will consider joining us.
George E. Kanaan Chief Executive Officer
Thu February 27 2014
Thu February 27 2014
Oman: Regional Hub and Gateway to Emerging Markets
Events , Partner Events Dr. Salim bin Nasser al-Ismaili, the Chairman of Oman’s Public Authority for Investment Promotion and Development will speak at a seminar organised by OMFIF on Thursday 27 February. Mr. Hassan bin Ahmed al-Nabhani, the CEO of the Oman Investment Fund will also speak. The event will begin with registration and coffee at 9.30am, with the presentations beginning at 10am. The event will be held at Simpson’s-in-the-Strand, 100 Stand, London WC2R 0EW. OMFIF is the “Official Monetary and Financial Institutions Forum.” More information on the event can be obt...
Wed June 18 2014
Thu June 19 2014
2014 London Sukuk Summit
Events , Partner Events ICG-Events will be hosting the 2014 London Sukuk Summit on Wednesday 18 and Thursday 19 June. ABA members will be entitled to a 10% discount on the registration fees. To take advantage of the discount, ABA members should use the code ABA10 when registering. The Summit will include sessions on the work of the International Islamic Liquidity Management Corporation, supervisory issues arising from the Basel III capital requirements, credit enhancement techniques, and the use of sukuk to promote financial inclusion. Confirmed speakers include Mr. Jaseem Ahmed, the Secretary General of ...
Tue March 4 2014
Tue March 4 2014
Lecture: Prospects for Inclusive Growth in the MENA Region
Events , Partner Events This lecture is part of the London Middle East Institute’s Tuesday lecture series on the contemporary Middle East.Dr. Hakimian will consider the MENA region’s recent trajectory of growth and its prospects for achieving inclusive growth in the light of recent political and social upheavals in the region. Admission free. No pre-registration required.
14/02/14 Save the Dates! Upcoming ABA events
Events , ABA Events Details of the ABA's seminar on gold and foreign exchange markets, to be held on 19 March, will be posted on our website soon. The event is being sponsored by the World Gold Council and will be begin at 6pm at the ABA offices in Upper Grosvenor Street. Speakers include Marcus Grubb, Managing Director -- Investment Strategy at the World Gold Council, Daragh Maher, Senior FX specialist at HSBC, Janet Henry, HSBC's Chief European Economist, and Ned Naylor-Layland, Investment Director at Quilter Cheviot. Events on immigration and business visas, and on the fight against financial crime in ban...