Chairman's Statement

I would like to extend my gratitude to AAIB board members for their dedication and commitment, especially the representatives of the Kuwait Investment Authority whose mandate ended in March 2014. I would also like to welcome the new board members and wish them success in carrying AAIB forward and achieving sustained growth in the future.

It gives me great pleasure to share with you that the Arab African International Bank has succeeded in maintaining its strong performance throughout the year despite the dynamics of both local and global markets. Egypt’s economy showed robust performance and remarkable resilience to the challenges it has been facing while global economic growth for 2014 was forecast at 3.3% following actual growth of 2.5% recorded in 2013.

2014 has seen Egypt come out of the bottleneck that has suffocated its economy over the preceding three years and the results of economic reform are becoming apparent. The second half of the year has seen an improvement in Egypt’s credit and economic risk ratings, indicating the government’s capacity to meet its obligations towards international financing organizations such as the International Monetary Fund and the World Bank.

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On behalf of the Board of Directors, it gives me great pleasure to present to you the Arab African International Bank 2014 Annual Report. This report not only documents another year of growth, but is also quite special as it marks 50 years since the establishment of the bank.
This report reiterates the success of our strategy which maintains our position as a leading and robust, local financial institution with a strong regional footprint and our performance indicators prove AAIB’s financial strength despite mounting economic challenges, both locally and globally.


Percentage Of Holding
Central Bank of Egypt, Egypt 49.37%
Kuwait Investment Authority, Kuwait49.37%
Board Of Directors

Bader M. Al Humaidi*


Hassan E. Abdalla

Vice Chairman & Managing Director

Mahmoud Abdel Aziz Mahmoud

Representative, Central Bank of Egypt

Dr. Hala H. El Said

Representative, Central Bank of Egypt

Osamah O.E. Al Furaih

Representative, Kuwait Investment Authority, Kuwait

Ali Ismael Shaker

Representative, Central Bank of Egypt, Egypt

Sulaiman M. Al Wadaani**

Representative, Kuwait Investment Authority, Kuwait

Meshal M. Al Hammad***

Representative, Kuwait Investment Authority, Kuwait
Board of Secretariat

Salah El-Din El Baroudi

General Secretary to the Board
*   Succeeding Mr. Mahmoud A. Al Nouri as of 31/3/2014
** Succeeding Mr. Abdullah Bou Qammaz as of 31/3/2014
***Succeeding Mr. Saad M. Al Henaidi as of 31/3/2014


Auditors' Report

Report on the separate Financial statements We have audited the accompanying separate Financial statements of Arab African International Bank "Egyptian joint stock company" which comprise the balance sheet as of "31 December 2014" and the statements of income, changes in equity and cash flow statement for the year then ended and a summary of significant accounting policies and other explanatory notes.

Our Branches

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