Gulf International Bank in Bahrain Gets $500 Million Islamic Loan from Group of Lenders
Gulf International Bank (GIB) has successfully completed its first Islamic loan deal in the global market. The bank raised \$500 million through a Murabaha financing agreement, according to a statement released on Sunday.
New Financing Deal
Gulf International Bank (GIB) has secured a new three-year financing deal that follows Islamic banking rules (Shariah-compliant). The deal was very popular with both regional and international banks, attracting more money than the bank originally aimed to raise. This shows that investors have strong trust in GIB’s financial health and future plans.
This deal helps GIB get money from more sources and strengthen its presence in key markets across the Gulf region. It also supports the bank’s goal to grow its main business areas and become a top bank across the GCC.
The financing was organized by Japan’s SMBC Group, which led the arrangement. Emirates NBD Capital and First Abu Dhabi Bank also played important roles in arranging the deal.
CEO Statement
Sara Abdulhadi, CEO of GIB B.S.C, said:
“We are proud to complete our first major syndicated Murabaha financing deal. This is an important step in our strategy to raise money from different sources. The strong interest from a wide range of banks shows that the market has a lot of confidence in GIB.”
First Quarter 2025 Financial Results
In the first quarter of 2025, GIB made a profit of $48 million for its shareholders, slightly up from $47.5 million in the same period last year. This happened even though the market was unstable and the bank made less money from trading, due to global trade tariffs and economic uncertainty.
The entire GIB Group made a total profit of $60 million in the first three months of 2025, up from $58.3 million last year—a 3% increase. Earnings per share were 2.4 cents.
Total income for the shareholders of the parent company was $49.4 million, 9% higher than the $45.2 million made in the same period last year. This shows that GIB is still adding value for shareholders, despite global economic challenges.
Background on GIB
GIB is a bank that operates across the Gulf region. It was founded in 1975 and is regulated by the Central Bank of Bahrain. The bank offers services in the GCC and international markets through its subsidiaries: GIB Saudi Arabia, GIB Capital, and GIB (UK) Ltd. It also has branches in London, New York, Abu Dhabi, and Muscat, and a representative office in Dubai.
GIB is owned by the governments of the Gulf Cooperation Council countries. The largest shareholder is Saudi Arabia’s Public Investment Fund.
Published: 20th May 2025
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