Gib.

"I would like to take this opportunity to express our gratitude to the Public Investment Fund, the Ministry of Finance and the Saudi Arabian Monetary Authority for their ongoing support for GIB. PIF's contribution and its continued partnership will enable the Bank to further accelerate the growth of our operations and customer base in the Kingdom as well as in other GCC countries and enable us to bolster our contributions to the realisation of Saudi Arabia's Vision 2030 through increased support for the private sector and job creation.

Chairman of GIB Saudi Arabia, Abdulla bin Mohammed Al Zamil, said: "I would like to take this opportunity to express our gratitude to the Public Investment Fund, the Ministry of Finance and the Saudi Arabian Monetary Authority for their ongoing support for GIB. PIF's contribution and its continued partnership will enable the Bank to further accelerate the growth of our operations and customer base in the Kingdom as well as in other GCC countries and enable us to bolster our contributions to the realisation of Saudi Arabia's Vision 2030through increased support for the private sector and job creation."

The facility was oversubscribed and upsized from an initial amount of $250 million due to strong appetite from leading regional and international banks, reflecting market confident in GIB and the market's confidence in GIB. We thank our partner banks in this transaction and look forward to continuing to deliver on our strategy of growth, diversification and the strengthening of our position as a leading pan-GCC universal bank."

This includes corporate banking, asset management, debt and equity capital market services, financial advisory services, mergers and acquisitions, and the world's first Shariah compliant digital retail banking service, meem by GIB.

Al-Helaissi, commented on the appointment, saying, "I am delighted to welcome Osamah to GIB. We are fortunate to have a man of his experience lead our investment banking services.

Saudi Arabia's Public Investment Fund owns 97.2 per cent of GIB.

The Public Investment Fund of Saudi Arabia is the main shareholder of GIB. The bank provides Shariah-compliant financial products and services including asset management, private placement, M&A and Islamic bond issues.

This month we're going to finish this subject with a discussion on the construction of the gib.

GIBUK's IDRs are aligned with those of its parent, GIB. The equalisation of the ratings reflects the extremely high probability of support, if needed, from GIB, and ultimately PIF, considering GIBUK's integration within GIB and strategic importance to the group.

'We are very pleased with this announcement, which reflects upon the skills and capabilities of GIB Financial Services as the leading provider of corporate finance advisory services,' said Dr Yahya Alyahya, the chief executive officer of GIB.

Yahya Al-Yahya to the position of Chief Executive Officer of GIB. Dr.