Bank ABC, whose board of directors is chaired by Sediq Al-Kabeer, Governor of the Central Bank of Libya, won three awards at the Middle East Bonds, Loans and Sukuk Awards Conference that was held in Dubai last weekend.
The BLS Awards Program in the Middle East honors the most innovative and pioneering deals in the region, and Bank ABC stood out this year for the prominent role it played in completing a number of distinguished deals in the fields of aircraft, metals and mining.
The Head of the Treasury and Capital Markets Department of the “ABC” expressed the happiness and gratitude of the bank’s officials for winning these awards, which are evidence of the innovative model followed by the bank in financing, as well as a testament to the bank’s commitment to its customers.
It is noteworthy that Bank ABC is an Arab bank based in Bahrain, founded in 1980 by the governments of Libya, Bahrain and the UAE, with a capital of one billion dollars, and has branches in Libya, Bahrain, the Emirates, Egypt, Tunisia, Algeria, Iraq, Lebanon and Jordan. At the end of 2010 the Central Bank of Libya acquired the shares of the Abu Dhabi Investment Authority in Corporation, amounting to 17.72%, which raised Libya’s share in Bank ABC to 59.37%.