Company Arab Islamic Bank P.L.C.

Equities

AIB

PS1003112957

Banks

End-of-day quote Palestine Exchange 23:00:00 01/05/2024 BST 5-day change 1st Jan Change
1.56 USD +6.85% Intraday chart for Arab Islamic Bank P.L.C. +8.33% -2.50%

Business Summary

Arab Islamic Bank PLC is a Palestine-based bank engaged in the provision of financial and banking solutions in compliance with the Islamic sharia principles. The Bank operates in three business segments: Retail banking, Commercial banking and Treasury services. The Retail banking services segment includes deposits, credit finance and other services; the Commercial banking services segment offers project finance such as Murabaha and Mudarabah, real estate financing based on Ijarah and Istisna, working capital financing (Musharakah), and trade finance such as import/export letters of credits (LCs) and letter of guarantees. The Treasury services segment provides trading and treasury services, and the Bank’s money and investment management. The Bank operates through its head office and a network of nine branches located across Palestine.

Number of employees: 706

Sales per Business

USD in Million2021Weight2022Weight Delta
Companies and Institutions
54.9 %
34 47.1 % 44 54.9 % +28.90%
Retail
31.8 %
30 41.7 % 26 31.8 % -15.89%
Treasury
11.0 %
8 10.4 % 9 11.0 % +16.77%
Other
2.3 %
1 0.8 % 2 2.3 % +201.36%

Sales per region

USD in Million2021Weight2022Weight Delta
Palestine
96.2 %
71 97.0 % 77 96.2 % +9.49%
International
3.8 %
2 3.0 % 3 3.8 % +39.98%

Managers

Managers TitleAgeSince
Chief Executive Officer 57 15/01/18
Director of Finance/CFO 43 09/03/13
Chief Administrative Officer 60 01/11/99
Chief Operating Officer 60 07/11/15
Compliance Officer 49 09/08/10
Chief Tech/Sci/R&D Officer 56 10/10/97
Public Communications Contact 43 -
Sales & Marketing 36 29/05/18
Treasurer 50 28/02/18
General Counsel 49 18/02/01

Members of the board

Members of the board TitleAgeSince
Director/Board Member 59 31/12/97
Director/Board Member 75 31/12/20
Director/Board Member 47 31/12/16
Director/Board Member 48 31/12/20
Director/Board Member 70 31/12/16
Shariah Board Member - 31/12/12
Director/Board Member 78 31/12/16
Director/Board Member 57 31/12/20
Shariah Board Member - 31/12/17
Director/Board Member 44 31/12/18

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 101,119,252 12,991,977 ( 12.85 %) 0 12.85 %

Shareholders

NameEquities%Valuation
52,644,902 52.06 % 79 M $
Palestine Investment Fund (Investment Management)
35.06 %
35,455,766 35.06 % 53 M $

Company contact information

Arab Islamic Bank Plc

Nablus Street Al-Bireh

, Ramallah

+970 2294 1832

http://aib.ps
address Arab Islamic Bank P.L.C.(AIB)
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