GIB begins 40th anniversary celebrations with donation
MANAMA, March 30, 2016
Gulf International Bank (GIB) has begun its year-long 40th anniversary celebrations with a charitable donation of an amount in excess of $90,000.
The donation will be divided among four charities in Bahrain and Saudi Arabia, said a statement.
The amount consists of 40 per cent of its combined treasury net income from the 40th day of the 40th anniversary year, it said.
It was made from the bank’s treasury activities in Bahrain, Saudi Arabia, UAE, London and New York.
The benefiting charities are already part of GIB’s corporate social responsibility (CSR) programme 'Wagib,' which addresses cancer, disability and education in Saudi Arabia and Bahrain.
Abdulaziz A Al-Helaissi, chief executive officer, said: “We are delighted to celebrate GIB’s 40 year anniversary. It is a pleasure to begin the commemoration with a good cause.
"Our aim is not only to serve our global clients with a diversified range of sustainable investments but also to be actively involved in the communities in which we operate.”
Steve Moulder, acting head of Treasury Capital Markets, said: “We are thrilled to launch the 40th anniversary celebrations with a donation to worthwhile charitable causes. The feeling amongst the treasury team was definitely special today, knowing that our efforts would make a big difference to the less fortunate in our society.”
Over the last four decades GIB has worked to develop its fiscal expertise with its core business activities of corporate advisory, asset management, structured and project finance, and GCC capital markets mediation.
The bank will mark the anniversary with various activities throughout the year across its key markets in the GCC, London and New York. - TradeArabia News Service
