shareholding company traded as bhse abc industry banking founded january 17 1980 ; 36 years ago 1980 01 17 headquarters manama bahrain key people saddek omar el kaber chairman dr. khaled kawan gceo ray ferguson evp & gcbo sael al waary evp & gcoo products international wholesale commercial banking universal banking retail banking corporate finance islamic banking treasury revenue us 888.0 million 2014 1 net income us 256.0 million 2014 total assets us 29.4 billion 2014 website 1 arab banking corporation also called bank abc is an international bank headquartered in bahrain and incorporated as a joint stock company in 1980 through a special decree by the amir of bahrain . it obtained an offshore banking unit licence from the bahrain monetary agency on 7 april 1980 and began operations in the same month . it is headquartered in the diplomatic area of bahrain . contents 1 history 2 operations 3 see also 4 references 5 external links history edit by april 1981 us 750 million had been fully paid by bank abc s original three shareholders the ministry of finance of kuwait whose shares have since been transferred to the kuwait investment authority the libyan secretariat of treasury whose shares were later transferred to the central bank of libya and the abu dhabi investment authority . at the end of 1989 abc s authorised share capital was increased to us 1 500 million and in june 1990 paid up capital was raised to us 1 000 million through an international share offering . in june 2006 abc s shares were split 10 for 1 in order to boost trading activities by placing them in the same range as other shares quoted on the bahrain bourse . at an extraordinary general meeting held in april 2008 abc s shareholders approved an increase in the authorized capital of the bank from us 1.5 billion to us 2.5 billion and an increase in issued and paid up capital from us 1.0 billion to us 2.0 billion by way of a priority rights share offering to existing shareholders . another extraordinary general meeting was held on january 28 2010 to approve an increase in the authorized capital from us 2.5 billion to us 3.5 billion and an increase in issued and paid up capital from us 2.0 billion to us 3.11 billion by way of a priority rights share offering to existing shareholders . in december 2010 the central bank of libya acquired the 17.72 % shareholding of abu dhabi investment authority in abc increasing its stake to 59.37 % . in june 2015 arab banking corporation revamped its corporate identity and changed its brand name to bank abc . the bank s new identity launch coincides with the commemoration of its 35th anniversary . the change to a single unifying global brand name and corporate identity toke effect on 15 june 2015 across the bank s global network spanning 18 countries in the middle east and north africa mena europe the americas and asia with the exception of its subsidiary in brazil which will keep its own identity as banco abc brasil . the legal names of the arab banking corporation and its subsidiaries did not change . operations edit bank abc is an international bank headquartered in manama kingdom of bahrain . its network spreads across 17 countries in the middle east and north africa europe the americas and asia . founded in 1980 the bank is listed on the bahrain bourse and its major shareholders are the central bank of libya and kuwait investment authority . bank abc is a leading provider of trade finance treasury project and structured finance syndications corporate and institutional banking as well as islamic banking services . they are also expanding their retail banking network in the mena region . see also edit list of banks in bahrain references edit financial statements . arab banking corporation . external links edit abc official website global v t e bahrain all share index companies of the bahrain stock exchange arab banking corporation al ahlia insurance arab insurance group ahli united bank banader hotels al baraka banking group bah . ship repairing & engineering bahrain telecommunications bbk bahrain commercial facilities bahrain flour mills gulf hotel group bahrain islamic bank bahrain kuwait insurance bahrain kuwait insurance co bahrain mari . & mer . inter . bahrain national holding the bahraini saudi bank bahrain tourism bahrain cinema bahrain car park bahrain duty free shop complex esterad investment company bahrain family leisure gulf finance house inovest investcorp bank ithmaar bank khaleeji commercial bank kuwait finance house nass corporation national bank of bahrain national hotels delmon poultry al salam bank seef properties taib bank takaful international company general trading & food proc . united gulf bank united gulf investment corporation retrieved from https en.wikipedia.org w index.php title arab banking corporation & oldid 719961238 categories 1980 establishments in bahrainbanks established in 1980banks of bahrain navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 12 may 2016 at 21 16 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view