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.
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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