Once the gib
is removed, inspect it, and look for wear.
AlGhamdi, Acting CEO of GIB
Capital said, "We are seeing a fundamental maturity in the attitude of the Saudi corporate community towards business combinations and partnerships which is very promising for our market.
In 2013, GIB
Capital managed 5 major regional investment banking deals, counting Bahrain s $1.
In 2011, GIB
Capital - GIB
's fully owned, Riyadh-based subsidiary - advised on the Hail Cement Company IPO of SR489.
The Treasury said in June that GIB
would receive an extra Au800m worth of funding, after reviewing its infrastructure expenditure.
During 2012, GIB
was successful in establishing a MYR 3.
S&P explained in the statement that the credit rating reflects its view that GIB
is well insulated from sovereign and country risks related to Bahrain.
The magazine also stressed the leading role of GIB
in advising on and arranging initial public offerings.
A term loan the bank raised from its core shareholder, based in Saudi Arabia, in March also supports our view that GIB
is likely to receive strong extraordinary support from its shareholder," the ratings agency said.
Mr Al Mangour, a Saudi national, joins GIB
from the Arab National Bank, where he held a number of senior positions from 2001-2010, including that of chief credit officer.
Through this and previous bond issues, GIB
has successfully reduced its previous reliance on short term wholesale deposits, thereby more closely aligning the maturity profile of its assets and liabilities.
If the situation in Bahrain further deteriorates, leading to a downgrade of the sovereign to a level that weakens investor sentiment toward GIB
, and subsequently affects its funding and liquidity, it could result in a downgrade of the bank," said Karagoez.