In The Gulf

Awal Bank

In January 2004, Saad obtained a banking licence from the Central Bank of Bahrain and established Awal Bank BSC in August of that year.

With capital of US$1 billion, Awal Bank is now one of the largest banks in Bahrain. This ranking is the result of a full profit retention strategy as well as further capital injection, demonstrating shareholders’ commitment towards growth and expansion

Awal Bank offers a full range of wholesale banking services including investment banking, corporate and trade finance, Islamic product offering, commercial lending, acceptance of customer deposits and treasury activities. By concentrating on the GCC and MENA regions, Awal Bank complements both the Saad Group’s international operations focused on Europe and the USA and the local operations focused on Saudi Arabia.

Being associated with Saad Group allows Awal Bank to tap into a large pool of resources and expertise in various fields giving the Bank an edge over other players in its sector.

For more information on Awal Bank please visit www.awal-bank.com