Arab-African International Bank

Arab-African International Bank

A bank in Egypt. It promotes the increased use of retail banking among the Egyptian population and provides brokerage and investment services. It was established 1964 as a joint venture between the Central Bank of Egypt and the Kuwait Investment Authority.
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A group of Egyptian banks, including the National Bank of Egypt, Bank de Caire, Banque Misr and Arab-African International Bank, contributes to the project which is being carried out by an Italian company.
According to Dr Benedict Oramah, President of Afreximbank, the banks are National Bank of Egypt, Banque Misr, Commercial International Bank, Arab-African International Bank, Audi Bank, Alex Bank, Arab Banking Corporation and Egyptian Gulf Bank.
Chairman of the Arab-African International bank Hassan Abuallah suggested that new investments' incentives should be announced through new legislations to attract international banks to the new Administrative Capital.

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