Bank ABC Investors Highlight Presentation
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BLOM Lebanon PMI® PMI Hits 17-Month High Amid Softer Declines in Output and New Orders
News Release Embargoed until 1100 EET (0800 UTC) 7 April 2021 BLOM Lebanon PMI® PMI hits 17-month high amid softer declines in output and new orders Lebanon PMI Key findings sa, >50 = improvement since previous month 55 Output continues to fall markedly, but at softest rate since October 2019 50 45 Slower contraction in new orders as exports near stabilisation 40 35 Input prices increase sharply 30 Data were collected 12-25 March '14 '15 '16 '17 '18 '19 '20 '21 Sources: BLOMINVEST BANK, IHS Markit. This report contains the latest public release of data collected from the monthly survey of business conditions in the Lebanese private sector. The survey, sponsored by Blominvest Bank and compiled by IHS Markit, has been conducted since May 2013 and provides an Comment early indication of operating conditions in Lebanon. The headline figure derived from the survey is the Purchasing Managers’ Index™ Commenting on the BLOM Lebanon PMI for March 2021, (PMI®). Tala Nasrallah, Senior Research Analyst at BLOMINVEST Bank, said: The PMI is a composite index, calculated as a weighted average of five individual sub-components: New Orders (30%), Output (25%), “The March 2021 BLOM Lebanon PMI reached its Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of highest level in 17 months, signalling a softer decline in Purchases (10%). Readings above 50.0 signal an improvement in operating conditions. The PMI reading was 46.4, higher business conditions on the previous month, while readings below by 4.2 points from February and driven mainly by slower 50.0 show a deterioration. -
Listed Companies BOD Meetings to Approve the Financial Results for the Period Ended 31/12/2017
Listed Companies BOD Meetings to approve the Financial Results for the Period ended 31/12/2017 BOD No. Company’s Name Symbol Remarks Date BOD Time Commercial Banks Sector Tuesday 1 Ahli United Bank B.S.C. AUB 01:00 p.m. 20/02/2018 Tuesday 2 Al Salam Bank – Bahrain B.S.C. SALAM 01:00 p.m. 13/02/2018 Monday 3 Bahrain Islamic Bank B.S.C. BISB 10:00 a.m. 12/02/2018 Monday 4 BBK B.S.C. BBK 11:00 a.m. 19/02/2018 Wednesday 5 Khaleeji Commercial Bank B.S.C KHCB 12:30 p.m. 07/02/2018 Monday 10:00 a.m. 6 National Bank of Bahrain B.S.C. NBB 29/01/2018 Thursday 7 Ithmaar Holding B.S.C ITHMR 01:00 p.m. 22/02/2018 Investment Sector Tuesday 8 Al Baraka Banking Group B.S.C. BARKA 11:00 a.m. 20/02/2018 Wednesday 9 INOVEST B.S.C INOVEST # 01:00 p.m. 28/02/2018 Sunday 10 Arab Banking Corporation B.S.C. ABC 01:00 p.m. 11/2/2018 Bahrain Commercial Facilities Company Tuesday 11 BCFC 04:00 p.m. B.S.C. 27/02/2018 Wednesday 12 Bahrain Middle East Bank B.S.C. BMB 01:00 p.m. 31/01/2018 Tuesday 13 Esterad Investment Company B.S.C. ESTERAD 01:00 p.m. 23/01/2018 Tuesday 14 GFH Financial Group B.S.C. GFH 01:00 p.m. 13/02/2018 Wednesday Through 15 Investcorp Bank B.S.C. -
Annual Report 2019 Worldwide Correspondent Banks
REPORT 2019 Table of Content I Chairman’s Letter 4 II Key Figures 6 III Evolution of Main Indicators 8 IV Organizational Chart 9 V Group Chart 10 VI Corporate Governance 12 1. Code of Corporate Governance 2. BLOM BANK S.A.L. Major Common Shareholders 3. Honorary and Advisory 4. Board of Directors 5. Information about Board of Directors 6. Biographies of Key Members of BLOM BANK S.A.L. Management 7. BLOM BANK S.A.L. Commercial Arrangements 8. General Management of BLOM BANK S.A.L. VII Management Discussion & Analysis 2019 32 1. The Operating Environment in Lebanon and the MENA Region 2. Overview 3. Evolution of Total Assets 4. Sources of Funds 5. Uses of Funds 6. Performance 7. Dividend Distribution 8. Risk Management and Basel Preparations 9. Corporate Governance 10. Universal Banking Services 11. Information Systems and Technology 12. People Development 13. Bank’s Operational Efficiency 14. Corporate Social Responsibility 2 VIII Consolidated Financial Statements 80 1. Auditors’ Report 2. Consolidated Income Statement for the year ended 31 December 2019 3. Consolidated Statement of Comprehensive Income for the year ended 31 December 2019 4. Consolidated Statement of Financial Position at 31 December 2019 5. Consolidated Statement of Changes in Equity for the year ended 31 December 2019 6. Consolidated Statement of Cash Flows at 31 December 2019 7. Notes to the Consolidated Financial Statements IX Worldwide Correspondent Banks 198 X BLOM BANK Group Management & Network 199 1. Banks & Financial Subsidiaries 2. Insurance Subsidiaries 3 Chairman's Letter BLOM BANK’s performance in year 2019 came largely better than expected but was surely affected by the impact of the financial and economic crisis that has struck Lebanon since October 2019. -
CI Capital Investment Banking Successfully Concludes Advisory on the Sale of a 99.4% Stake in BLOM Bank Egypt S.A.E to the Arab Banking Corporation B.S.C
CI Capital Investment Banking Successfully Concludes Advisory on the Sale of a 99.4% stake in BLOM Bank Egypt S.A.E to the Arab Banking Corporation B.S.C Cairo, Egypt | 15 August 2021 — CI Capital Holding for Financial Investments announced today that its investment banking division has successfully concluded advisory to BLOM Bank S.A.L on the sale of a 99.4% stake in its Egyptian subsidiary BLOM Bank Egypt S.A.E for a total consideration of USD 425mn. BLOM Bank Egypt was acquired by BLOM Bank SAL in 2006, and since then, the Bank has grown significantly to become one of the Group’s largest assets outside of Lebanon. The combined entity resulting from the acquisition will more than triple Bank ABC’s market share and take its balance sheet to approximately EGP60bn on a combined basis. The transaction, being one of the largest M&As in Egypt, marks CI Capital Investment Banking’s third deal of the year with an aggregate execution value of cUSD730mn. Our advisory performance thus far, along with a strong pipeline, serves as a testament to the team’s execution capabilities that persistently navigated through challenging market conditions in the wake of COVID-19. Mr. Saad Azhari, Chairman and General Manager of BLOM Bank Lebanon, commented: “BLOM Bank Egypt has delivered strong returns for our Group, and we are confident that it will continue this legacy of success as part of Bank ABC Group. We wish the BLOM Bank Egypt team a great future in their new home. We would also like to extend a note of gratitude to CI Capital, our exclusive financial advisor, and Baker McKenzie, our legal advisor, for their exemplary work throughout this transaction” CI Capital’s Group CEO, Hesham Gohar, commented, “We are incredibly proud of the team, having played such a crucial role in BLOM Bank S.A.L’s divesture of its Egyptian subsidiary. -
Bahrain Bourse Daily Bulletin Monday, August 18, 2014
KAMCO Research Bahrain Bourse Daily Bulletin Monday, August 18, 2014 Bahrain All Share Index Return v.s. Volume (Jan-13 - Current) Sectors' Return & Valuation Multiples 1,550 550 Market Cap. MTD P/E P/B Yield 1,500 500 (BHD Mln) % Chg (X) (X) (%) 1,450 450 1,400 400 Bahrain Bourse 8,352 0.01% 14.08 1.09 3.42% 1,350 350 Commercial Banks 3,803 (0.10%) 14.98 1.63 3.76% 1,300 300 Investment 2,342 (0.47%) 14.48 0.75 0.87% 1,250 250 Insurance 179 3.82% 10.23 0.91 2.34% 1,200 200 Service 1,111 2.11% 12.84 1.23 5.17% Hotel & Tourism 204 0.00% 12.84 1.02 4.22% 1,150 150 (Mln.Shares) Traded Vol. Bahrain All Bahrain All Share Index Industrial 713 (1.93%) 12.36 0.80 7.33% 1,100 100 Sectors' MTD Return is based on the Change in market cap. and it might not conform with the benchmark return for each sector 1,050 50 1,000 0 Market Breadth 1237 4.1.13 8.8.13 4.9.13 8.4.14 5.5.14 1.6.14 31.1.13 27.2.13 26.3.13 22.4.13 19.5.13 15.6.13 12.7.13 1.10.13 17.1.14 13.2.14 12.3.14 28.6.14 25.7.14 21.8.14 28.10.13 24.11.13 21.12.13 Top 10 Stocks by Market Capitalization Market Return,Volatility & Trading Indicators Market Cap. -
Arab Banking Corporation Group
Annual Report 2006 Arab Banking Corporation Group Registered Address Arab Banking Corporation Group ABC Tower, Diplomatic Area PO Box 5698, Manama Kingdom of Bahrain (Commercial Registration Number 10299) www.arabbanking.com 1 Annual Report 2006 Contents ABC’s vision is to be the premier and most innovative international Arab financial group. ABC’s mission is to consistently generate increasing value for 2 The Board of Directors 4 Directors’ Report its shareholders, specialise in Arab-related activities across the world, 6 Global Network invest in international financial institutions that diversify revenues, 7 Financial Highlights offer innovative and high quality services to its customers and attract 8 Financial Strength and retain high quality employees by providing rewarding careers. 10 The President & Chief Executive’s Review of Operations 21 Corporate Governance 24 Group Financial Review 27 Auditors’ Report 28 Consolidated Balance Sheet 29 Consolidated Statement of Income 30 Consolidated Statement of Cash Flows 31 Consolidated Statement of Changes in Equity 32 Notes to the Consolidated Financial Statements 47 Head Office Directory 49 International Directory Annual Report 2005 Arab Banking Group ABC Group Annual Report 2006 2 3 The Board of Directors Dr. Anwar Ali Al-Mudhaf AC RC Dr. Saleh Lamin El-Arbah ** AC Mr. Eissa Mohammed Al Suwaidi EC AC* Director • Kuwaiti Director • Libyan Director • U.A.E. citizen M.B.A. and Ph.D. in Finance, Peter F. Drucker Graduate B.A. in Economics, University of Benghazi, Libya; M.B.A. B.Sc. in Economics, Northeastern University of Boston, School of Management, Claremont Graduate University, University of Hartford, U.S.A.; Ph.D. -
Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region
December 2017 HCM Viewpoint Value Creation and Market Valuation: Measuring Performance in the Banking Sector of the Gulf Region hcm.com Introductory Note Banks in the Gulf region have been gaining in importance Regardless of your industry, please contact us if you can in recent years, both locally and in foreign markets. Yet, in benefit from an approach that connects these topics to the current context of continuing pressure on oil prices sound business strategy and financial stewardship. and questions on regional stability, it is valid to ask how well Gulf banks are doing in terms of value creation, both on an Value Creation: External and Internal Metrics absolute and relative basis. It is equally valid to ask whether the share price movements of these banks in recent years As depicted in Figure 1, the market capitalization of the 46 accurately reflect the internal value creation taking place Gulf banks1 covered by this study lies between USD 379 and at these institutions. USD 37’570 million as of 31 December 2016. The banking sector represents a significant part of the stock market This HCM viewpoint provides a comparative overview of in the Gulf region – ranging from 26 (Saudi Arabia) to 69 46 banks in the Gulf region. It finds that value creation in percent (Bahrain) of public stock market capitalization. the Gulf banking sector has generally increased in recent years, though not at all banks. Further, it finds a plausible In general, company performance can be measured using correlation between internal value creation and changes external and internal indicators of value creation, which in share price for most banks. -
Dividend Announcement: Is It a Good News to the Bahrain Bourse?
International Journal of Economics and Finance; Vol. 6, No. 12; 2014 ISSN 1916-971X E-ISSN 1916-9728 Published by Canadian Center of Science and Education Dividend Announcement: Is It a Good News to the Bahrain Bourse? Batool K. Asiri1 1 College of Business Administration, University of Bahrain, Bahrain Correspondence: Batool K. Asiri, College of Business Administration, University of Bahrain, Bahrain. E-mail: [email protected] Received: September 15, 2014 Accepted: September 29, 2014 Online Published: November 25, 2014 doi:10.5539/ijef.v6n12p228 URL: http://dx.doi.org/10.5539/ijef.v6n12p228 Abstract This paper presents a study of 157 dividend announcements made by 40 companies listed in the Bahrain Bourse and an examination of the relationship between dividend announcements and the stock market. The study lasted from 2004 to 2013, and the results indicate that investors have gained cumulative abnormal returns that average at 2.29 percent within the 30-day periods before and after the dividend announcement. Moreover, the findings have revealed that investors gained approximately 0.45 percent of the market value on all stocks that had increasing dividends; therefore, it can be reasonably concluded that, when announced to the public, dividend increases promote a positive message about a company’s future growth and the promise of sustained cash flow. Alternatively, it could be seen as the Bahrain Bourse is inefficient in a semi-strong form. The study further highlights that abnormal returns gained by investors tend to vary across sectors. In general, the findings of this study fail to provide significant evidence in support of the dividends irrelevancy theory; on the contrary, they indicate that dividend payments act as positive signals that assure investors of steady cash flow and substantial future earnings. -
Annual Report 2019
NUMBERSTALK 9Annual Report 2019 BAHRAIN KUWAIT UAE UK EGYPT IRAQ OMAN 9LIBYA Constantly striving to provide greater levels of shareholder and customer satisfaction by delivering ever higher 9standards of performance % increase in Total Assets to US$ 40.3 billion 13.4 compared to 2018 % increase in Net Profit to US$ 730.5 million 4.7 compared to 2018 % increase in Shareholders’ Equity to US$ 4.3 billion 9.1 compared to 2018 Ahli United Bank Annual Report 2019 02 CONTENT 04 06 GROUP MISSION STATEMENT AUB OPERATING DIVISIONS 08 16 18 FINANCIAL HIGHLIGHTS BOARD OF DIRECTORS’ REPORT BOARD OF DIRECTORS 22 24 27 CHAIRMAN’S STATEMENT GROUP CHIEF EXECUTIVE OFFICER & CORPORATE GOVERNANCE MANAGING DIRECTOR’S STATEMENT 48 55 56 GROUP BUSINESS AND RISK REVIEW GROUP MANAGEMENT GROUP MANAGEMENT ORGANIZATION STRUCTURE 59 61 131 CONTACT DETAILS CONSOLIDATED FINANCIAL PILLAR III DISCLOSURES - BASEL III STATEMENTS Ahli United Bank Annual Report 2019 03 Group Mission Statement To create an unrivalled ability to meet customer needs, provide fulfilment and development for our staff and deliver outstanding shareholder value. Ahli United Bank Annual Report 2019 04 OBJECTIVES AUB VISION & STRATEGY • to maximise shareholder value on a sustainable basis. • Develop an integrated pan regional financial services • to maintain the highest international standards of corporate group model centered on commercial and retail banking, governance and regulatory compliance. private banking, asset management and life insurance with an enhanced Shari’a compliant business contribution. • to maintain solid capital adequacy and liquidity ratios. • Acquire banks and related regulated financial institutions in • to entrench a disciplined risk and cost management the Gulf countries (core markets) with minimum targeted culture. -
ABC Group KEY PERSONS DEALING STANDARD
ABC Group KEY PERSONS DEALING STANDARD Document Governance Title: ABC Group Key Person Dealing Standard Classification: Internal use only Status: Approved Document Owner: Group Head of Compliance Document Approver(s): Group Compliance Oversight Committee Document Application: Arab Banking Corporation (B.S.C.) Version: 3.0 Last Review Date: Oct 2020 Next Review Date: Oct 2022 Internal use only Contents 1. OVERVIEW ............................................................................................ 4 2. DEFINITIONS ......................................................................................... 4 3. RESTRICTIONS ON TRADING: EXCEPTIONS ............................................ 5 3.1 Notifications ............................................................................................................................... 5 3.2 Restrictions ................................................................................................................................. 5 3.3 Exceptions .................................................................................................................................. 6 4. ITC OFFICER .......................................................................................... 6 4.1 Identification .............................................................................................................................. 6 4.2 Duties ......................................................................................................................................... 6 5. -
Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH
Distr. GENERAL UNCTAD/ECDC/223 29 March 1993 Original: ENGLISH/FRENCH ARABIC/ENGLISH FRENCH AND SPANISH ONLY UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ARAB MULTINATIONAL ENTERPRISES AN ANALYTICAL COMPENDIUM Prepared by the UNCTAD secretariat This compendium was prepared under the work programme approved by the Committee on Economic Cooperation among Developing Countries at its third, fourth and fifth sessions (resolution 2 (III), para. 2 (b) (ii), resolution 3 (IV), para. 2 (a) (iv), and resolution 4 (V), para. 4 (b) (i). The designations used and the presentation of material do not imply the expression of any opinion whatsoever by the United Nations Secretariat concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. GE.93-51209 (E) -2- CONTENTS Paragraphs ABBREVIATIONS INTRODUCTION ............................ 1-21 ARAB MULTINATIONAL ENTERPRISES ................... 22-469 I. Gulf Air Company ...................... 22-45 II. Arab Potash Company (APC) .................. 46-55 III. Banque de développement économique de Tunisie (BDET) ...................... 56-67 IV. Arab Shipbuilding and Repair Yard Company (ASRY) ....................... 68-79 V. Jordan Paper and Cardboard Factories Company Limited ....................... 80-89 VI. Compagnie algéro-libyenne de transport maritime (CALTRAM) ..................... 90-99 VII. Arab Union Reinsurance Company (AUR) ............100-109 VIII. Arab Investment Company ...................110-121 IX. Arab Petroleum Investments Corporation (APICORP) ..........................122-139 X. Société arabe des industries métallurgiques (SAMIA) ...........................140-148 XI. Banque mauritanienne pour le commerce international (BMCI) ....................149-158 XII. Arab Mining Company (ARMICO) ................159-168 XIII. Kenana Sugar Company Limited (KSC) .............169-182 XIV. Jordan Fertilizer Industry Company Limited .........183-195 XV. -
AGM & EGM Meetings for the Year Ended 31/12/2016
Listed Companies AGM & EGM Meetings For the Year Ended 31/12/2016 Ex- Recommendations AGM / Trading No. of Dividend No. Company’s Name EGM Remark Symbol Cash Bonus Shares /Bonus Day & Date Dividend Shares Date Commercial Banks Sector 1 Ahli United Bank B.S.C. AUB The (AGM) of Al Salam Bank – Bahrain B.S.C. (SALAM) will be held Al Salam Bank – Bahrain Wednesday Thursday 2 SALAM 5% - - at 10:00 a.m. at Manama B.S.C. 08/03/2017 09/03/2017 ballroom 1, The Four Season Hotel, Manama - Kingdom of Bahrain. The (AGM) of Bahrain Islamic Bank B.S.C. (BISB) will be held at Thursday 3 Bahrain Islamic Bank B.S.C. BISB 5% - 23/3/2017 10:00 a.m. at Bahrain Bourse , 4th Floor , Financial Harbour Mall – Kingdom of Bahrain. the Annual General Meeting (AGM) & Extra-ordinary General Meeting (EGM) of BBK Wednesday B.S.C. (BBK) will be 4 BBK B.S.C. BBK 30% 29/3/2017 held at 10:00 a.m. at the Four Season Hotel – Bahrain Bay – Al Manama Ballroom, Kingdom of Bahrain The (AGM) &(EGM) of Khaleeji Commercial Bank B.S.C. (KHCB) will be held at 10:00 Khaleeji Commercial Bank Tuesday 5 KHCB - - a.m. at Al Safir Hall – B.S.C 14/03/2017 Regency Intercontinental Hotel, Manama – Kingdom of Bahrain. The (AGM) and (EGM) of National Bank of Bahrain B.S.C. (NBB) will be held at 11:00 National Bank of Bahrain Wednesday Thursday 6 NBB 25% 10% 115,949,856 a.m.