Press Releases
Bapco Energies Successfully Completes Amend and Extend of Existing $2.2 Billion Dual-Tranche Sustainability-linked Murabaha and Conventional Term Facility, with an Upsize to $2.5 Billion
Bapco Energies, the integrated energy Company leading the energy transition in the Kingdom of Bahrain, announced today the successful closing of its $2.2 billion dual-tranche Sustainability-linked Term facility.
Read more 29.11.2023Gulf International Bank- Saudi Arabia Collaborates with Eayni Recycling Association Cooperative
Gulf International Bank - Saudi Arabia has signed an agreement appointing Eayni Recycling Association Cooperative to manage the recycling of the bank’s waste in line with GIB’s sustainability drive and effort to reduce and manage the environmental impact of its operations.
Read more 21.11.2023Gulf International Bank Wins “Best Payment Services in the Middle East” from the EMEA Finance Treasury Services Awards 2023
Gulf International Bank B.S.C. (GIB) today announced that it has won “Best Payment Services in the Middle East” from the EMEA Finance Treasury Services Awards 2023.
Read more 19.11.2023Gulf International Bank Wins Four Honours from The Digital Banker Global Transaction Banking Innovation Awards 2023
Gulf International Bank B.S.C. (GIB) today announced that it has won four awards from The Digital Banker Global Transaction Banking Innovation Awards 2023.
Read more 16.11.2023GULF INTERNATIONAL BANK ACHIEVES RECORD RESULTS IN THE PAST DECADE WITH 141% GROWTH IN NET INCOME ATTRIBUTABLE TO SHAREHOLDERS OF THE BANK
In the third quarter of 2023, the Bank's dedication and commitment to achieving strategic objectives resulted in a remarkable 255% increase in net profit attributable to the Bank's shareholders, totalling $41.2 million for the quarter, surpassing the previous year's $11.6 million for the same period. This outstanding achievement is primarily a result of a 42% increase in net interest income, amounting to $129.2 million, which is indicative of the positive tailwind from the interest rate environment and enhanced balance sheet spreads.
Read more 13.11.2023Gulf International Bank B.S.C. Signs a Platinum Sponsorship with Shaikh Ebrahim bin Mohammed Al Khalifa Center for Culture and Research for Manamat Al Gosaibi
Gulf International Bank B.S.C. (GIB) is delighted to announce that it has signed a platinum sponsorship agreement with Shaikh Ebrahim bin Mohammed Al Khalifa Center for Culture and Research (SEC) for Manamat Al Gosaibi.
Read more 08.11.2023The Helicopter Company Signs SAR 800 Million Murabaha Loan Facility Agreement with Gulf International Bank - Saudi Arabia
The Helicopter Company (THC), a fully owned company of the Public Investment Fund is Saudi Arabia's premier provider of commercial helicopter services and has recently signed a SAR 800 million Murabaha facility agreement with Gulf International Bank - Saudi Arabia (GIB – Saudi Arabia).
Read more 06.11.2023Gulf International Bank - Saudi Arabia Sponsors Tanween - Ithra’s Flagship Creativity Conference
Al Khobar – 26 October 2023: Gulf International Bank - Saudi Arabia (GIB - Saudi Arabia) today announced that it has signed a strategic sponsorship agreement with King Abdulaziz Center for World Culture (Ithra) in support of its Tanween 2023 Conference taking place from 1st to 4th November 2023.
Read more 26.10.2023Gulf International Bank Becomes a Signatory to the UN Women’s Empowerment Principles
Manama – 22 October 2023: Gulf International Bank B.S.C. (GIB) today announced that it has become a signatory to the Women’s Empowerment Principles (WEPs). Established by UN Women and UN Global Compact, WEPs are a set of principles offering guidance to businesses on how to advance gender equality and women’s empowerment.
Read more 22.10.2023Gulf International Bank to Participate in Sibos 2023
Gulf International Bank B.S.C. (GIB) is delighted to announce its participation in Sibos 2023, the world’s premier financial services event, taking place this year in Toronto, Canada, from 18th to 21st September.
Read more 10.09.2023GULF INTERNATIONAL BANK ANNOUCES OUTSTANDING FIRST HALF RESULTS WITH 108% INCREASE IN NET INCOME ATTRIBUATABLE TO SHAREHOLDERS OF THE BANK, EXCEEDING THE FULL YEAR RESULTS OF 2022
In the second quarter of 2023, the positive trend continues as the net profit attributable to Shareholders of the Bank surges to $33.4 million, an increase of 27%, surpassing last year’s $26.3 million for the same period.
Read more 08.08.2023Gulf International Bank Honoured for Best API Banking Initiative by Global Finance Innovators Awards 2023
Gulf International Bank (GIB) was honoured for Top Innovations in Finance for Open Banking by the Global Finance Innovators Awards 2023, winning for Best API Banking Initiative. This is Global Finance’s 11th annual awards programme dedicated to celebrating financial institutions that regularly identify new paths and design innovative new tools in finance.
Read more 01.08.2023GULF INTERNATIONAL BANK PARTNERS WITH WORLD CLIMATE SUMMIT IN DUBAI
Gulf International Bank B.S.C. (GIB) today announced its partnership with World Climate Summit – The Investment COP 2023. The event, which is hosted by World Climate Foundation, will take place on 7-8 December along COP 28 in Dubai.
Read more 11.07.2023GULF INTERNATIONAL BANK TAKES PART IN WORLD’S LARGEST CARBON
Credit Auction Conducted by RVCM
Gulf International Bank took part in the Regional Voluntary Carbon Market Company auction in Nairobi, Kenya, the world’s largest sale of voluntary carbon credits.
Read more 20.06.2023GULF INTERNATIONAL BANK SIGNS SILVER SPONSORSHIP AGREEMENT WITH AL NASSR FOOTBALL CLUB
Gulf International Bank – Saudi Arabia (GIB) has signed a three-year silver sponsorship agreement with Saudi Al Nassr Football Club as of 1 July 2023 as part of its commitment to supporting the development of Saudi sports.
Read more 12.06.2023Gulf International Bank Led Transactions Win Multiple Awards at The Bonds, Loans & Sukuk Middle East Awards
Gulf International Bank (GIB) and its Riyadh-based regional investment banking and asset management arm, GIB Capital, today announced the following transactions have received recognition by GFC Media Group (organisers of Bonds, Loans & Sukuk Middle East conference)
Read more 05.06.2023GIB Signs Credit Facility Agreement with Italy’s SAIPEM
Gulf International Bank – Saudi Arabia (“GIB KSA”) today announced the signing of a SAR1.07 billion credit facility agreement with the Italian-listed multinational engineering group, SAIPEM (“the Company”). The facility, in the form of a letter of guarantee, supports the Company’s ongoing activities in the Kingdom of Saudi Arabia.
Read more 29.05.2023GULF INTERNATIONAL BANK PARTNERS WITH NOON TO SUPPORT THE ACQUISITION OF NAMSHI
Gulf International Bank B.S.C. (GIB) today announced that it has structured and fully underwritten a facility for Noon AD Holdings Ltd and Noon Investment Company CJSC (together with the Noon Group) to support the full acquisition of Namshi Holdings Limited from the UAE's largest publicly traded developer, Emaar.
Read more 24.05.2023GULF INTERNATIONAL BANK RECORDS STRONG FIRST QUARTER RESULTS NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF THE PARENT SOARED BY 273% TO $47.8 MILLION
Gulf International Bank B.S.C. (GIB) reported $47.8 million net profit attributable to the shareholders of the parent for the first quarter of 2023, compared to $12.8 million for the same period last year representing a record increase of 273%, driven by higher revenue across all business segments. The consolidated net profit of the GIB Group reached of $56.6 million during the first quarter compared to a net profit of $21.0 million in the same period last year, an increase of 170%.
Read more 15.05.2023GULF INTERNATIONAL BANK RECEIVES RATINGS UPGRADES FROM FITCH TO ‘A-’/STABLE
Gulf International Bank (GIB) announced that Fitch Ratings has upgraded its Long-Term (LT) Issuer Default Ratings (IDR) to ‘A-’/Stable from ‘BBB+’/Positive for Gulf International Bank BSC, Gulf International Bank – Saudi Arabia and Gulf International Bank (UK) Ltd
Read more 19.04.2023GULF INTERNATIONAL BANK SHAREHOLDERS APPROVE EQUITY RESTRUCTURING
Gulf International Bank B.S.C. (GIB or the Bank) announced that it has obtained approval of its shareholders at an extra-ordinary general assembly meeting on 30 March 2023 to restructure the Bank’s equity after having received regulatory approvals. The move aims to support GIB’s growth strategy and build on the progress and profitability achieved over the last two years.
Read more 17.04.2023GIB PADEL TOURNAMENT FOR BANKS AND FINANCIAL INSTITUTIONS
In support of sporting activities in the Kingdom of Bahrain, Gulf International Bank (GIB) organised a three-night Ramadan Padel tournament for banks, financial institutions and companies which took place at the Let's Padel courts at the Ritz Carlton Hotel from the 30th March to the 1st April 2023.
Read more 02.04.2023Gulf International Bank B.S.C. and GIB Capital Win Five Honours from the EMEA Finance Middle East Banking Awards 2022
Manama – 22 March 2023: Gulf International Bank B.S.C. (GIB) and its Riyadh-based regional investment banking and asset management arm, GIB Capital, announced that they were collectively shortlisted for five awards by EMEA Finance. The awards were presented during the 15th Annual EMEA Finance Middle East Banking Awards 2022, held in March 2023. The EMEA Finance Awards recognise the achievements of the best banks, asset managers and brokers in countries across the MENA region.
Read more 22.03.2023GIB SUPPORTS EARTHQUAKE VICTIMS IN TURKEY AND SYRIA
As part of its corporate social responsibility, Gulf International Bank (GIB) has participated in the national campaign, called for by His Majesty King Hamad bin Isa Al Khalifa, to support earthquake victims in Turkey and Syria.
Read more 05.03.2023GULF INTERNATIONAL BANK REPORTS RECORD GROWTH OF 108% IN NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK
In the fourth quarter of 2022, the Bank reported net income attributable to the Shareholders of the Bank of $28.0 million, compared to a loss of $1.0 million in the same period last year.
Read more 28.02.2023GULF INTERNATIONAL BANK - SAUDI ARABIA WINS BAYAN CREDIT BUREAU 2022 AWARD FOR EXCELLENCE IN CREDIT MANAGEMENT
Gulf International Bank -Saudi Arabia (GIB Saudi Arabia) today announced that it has been honoured for “Excellence in Credit Management” by Bayan Credit Bureau 2022 Awards.
Read more 09.02.2023Red Sea Global Achieves Commercial Close on SAR 1.6 billion Al Mutlaq Group Joint Venture Debt Financing
- Commercial Close included SAR 1.081 billion (USD 288 million) green debt financing from Gulf International Bank -Saudi Arabia, the fifth Saudi bank to support Red Sea Global
- Joint Venture Agreement with Al Mutlaq Group signed in July 2022 for Jumeirah property
GULF INTERNATIONAL BANK - SAUDI ARABIA EXPANDS ITS SUPPORT FOR NON-PROFIT SECTOR THROUGH COLLABORATIONS WITH CHARITABLE ASSOCIATIONS
Gulf International Bank - Saudi Arabia (GIB Saudi Arabia), as part of its corporate social responsibility programmes, today announced its support through the provision of SAR600,000 to the non-profit sector in cooperation with two charitable associations in the Kingdom of Saudi Arabia. The first is Bunyan Charitable Society for housing and development in the Eastern Province, established to empower individuals to enhance the quality of housing and development programmes. The other is the Children with Disabilities Association, which provides comprehensive care and support programmes for disabled children.
Read more 19.01.2023GIB’s Team Gears Up for Participation at Sustainability Forum Middle East 2023 Supporting Regional Decarbonisation
Manama – 9 January 2022: Gulf International Bank (GIB) today announced the participation of its senior executives at the upcoming Sustainability Forum Middle East taking place on 9 January 2023 in the Kingdom of Bahrain focusing on “Business Transition to Net-Zero – the Path Towards a Successful Low-Carbon Future”.
Read more 09.01.2023Gulf International Bank Sponsors Saudi Future Minerals Forum 2023 as Platinum Sponsors
Al Khobar – 8 January 2023: Gulf International Bank – Saudi Arabia (GIB) today announced that it is the Platinum Sponsor for a second year of the Future Minerals Forum 2023 taking place in Riyadh on 11-12 January 2023 at the King Abdulaziz International Conference Centre.
Read more 08.01.2023