GIBFS rebranded to GIB Capital

Press release

Published August 14th, 2011 - 08:19 GMT

Gulf International Bank

GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in the Kingdom of Saudi Arabia, has rebranded its name to “GIB Capital.” The name change will be effective immediately.

The rebranding comes as part of the company’s efforts to further strengthen its presence in the regional capital markets. The new name reinforces GIB Capital’s continued focus on its core business activities of investment banking and capital market transactions.

“We are confident the new name, “GIB Capital,” will position the company better for future growth in the capital markets business in the Kingdom and the GCC as a whole,” explained Dr. Yahya Alyahya, GIB’s Chief Executive Officer.

GIB Capital was established in 2008 as a fully-owned subsidiary of GIB to carry out investment banking activities within Saudi Arabia and is duly authorized by the CMA. GIB and GIB Capital have an established track record of advising on a number of successful IPOs in Saudi Arabia. To date, they have introduced offerings to the Kingdom’s capital market in excess of SAR 19 billion (US$ 5 billion).

Background Information

Gulf International Bank

Gulf International Bank B.S.C. (GIB) was established in the Kingdom of Bahrain in 1975, and commenced operations in 1976. In 2017, GIB became the first foreign domiciled bank to be granted approval from the Saudi Arabia Council of Ministers to establish a local commercial bank in the Kingdom of Saudi Arabia.

Consequently, GIB's branch offices in the Kingdom will become part of the Saudi Arabian subsidiary, with the country headquarters located in Al Dhahran.