News The directors of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), both headquartered in Abu Dhabi, agreed on 3 July to merge their two banks. The new bank will retain the NBAD branding and legal registrations – the merged bank will be called 'National Bank of Abu Dhabi'. Shareholders of NBAD will own 48% of the merged bank's shares and FGB shareholders will hold 52%. The Government of Abu Dhabi's Abu Dhabi Investment Council (ADIC) will hold 33.2% of the merged bank's shares and Mubadala, the Abu Dhabi Government's investment company, will hold 3.7%. The remaining 63.1 wi...
A message from the Chief Executive Officer
Welcome to the Arab Bankers’ Association!
We are an association of bankers and finance professionals who work in Arab financial markets. Most of our members, both corporate and individual, are based in the U.K. but a significant proportion are based outside. Nearly all of us have spent much of our professional lives living and working in the Arab world.
Our aims are simple: to foster improved relations, information sharing and understanding between the private and public sectors in the Arab world and the U.K. We achieve this through our programme of evening seminars and social events, through tailored events for individual members and their clients, and through personal interaction and introductions that are based on decades of business experience.
You will find more information about our work on the various pages of this website. For example, elsewhere on this page you can download a copy of our Annual Magazine; on the “Events” page you can download presentations given at recent evening seminars; and soon we will be adding a new page to our website -- “Arab Banking News” – where you will see a brief round-up of recent events that are relevant to our membership.
The “Join” page also contains a full list of member benefits.
This is an exciting time for Arab banks and their subsidiaries and affiliates in London. Gulf banks are looking to expand their international operations, banks in Egypt and other north African countries are finding their footing after the uncertainties of the Arab Spring, and debt issuance across the region is increasing.
London hosts the largest and most important banking community in Europe, so its not surprising that it is in London that many of the innovative new financial structures that are shaping Arab finance are designed and sold.
The ABA has been serving and promoting Arab banking in London for more than 30 years and we are as enthusiastic and committed to our mission today as we were on the day we were founded. If you are a member, I look forward to working alongside you in the months ahead. If you are not a member, I hope you will consider joining us.
George E. Kanaan Chief Executive Officer
News Congratulations to Ralph Al Raheb, one of our directors, on his wedding to Tatiana Garkava, on June 18th. In addition to being a board member of the ABA, Ralph is a Managing Director at Morgan Stanley in London and Head of Fixed Income for Middle East & North Africa. Tatiana is a legal advisor. The couple were married in Ironmonger's Hall, in the City of London.
Wed July 13 2016
Wed July 13 2016
Seminar – Property in Turbulent Times Opportunities for London
Events , ABA Events Under the sponsorship of National Bank of Kuwait, Al Rayan Bank and Qatari Diar, we will be holding our annual real estate seminar on Wednesday 13 July. Speakers will include Liam Bailey, Head of Global Research at Knight Frank, who will speak on, "Where next for the prime London residential market?" James Roberts, Chief Economist at Knight Frank, who will speak on, "The outlook for property." Andrew Sneddon, Partner at Trowers and Hamlins, who will speak on, "UK property investment and the changing tax landscape." Michael Bowles, Senior Real Estate Advisor, National Bank of Kuwait, who...
Thu July 7 2016
Thu July 7 2016
Events , ABA Events We wil be holding our Eid Dinner on Thursday 7 July at Maroush Gardens. The dinner will begin at 7.30pm, for 8pm. The dinner is being sponsored by Bank ABC, QIB UK and National Bank of Kuwait. Tickets cost £75 for members of the Assocation and £100 for non members. It is possible to book full tables. For reservations please contact the Association's office on 020 7659 4889 and 020 7659 4892 or at firstname.lastname@example.org.