Incorporated in 1975, Gulf International Bank is licensed by the Central Bank of Bahrain as a conventional wholesale bank and is owned by the six GCC governments.
While the Public Investment Fund of Saudi Arabia holds the majority stake – 97.2 per cent, the Kuwait Investment Authority, the Qatar Holding Company, Bahrain’s Mumtalakat, Oman’s finance ministry and the Emirates Investment Authority hold smaller stakes.
The bank has two main subsidiaries, Gulf International Bank (UK) Limited and Riyadh-based GIB Capital. It has branches in London, New York, Riyadh and Jeddah, and representative offices in Beirut and Abu Dhabi.