Arab African International Bank was established by Special Law as a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA), and was incorporated in 1964 as Egypt's first Arab multinational Bank.
With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority constitute the core of AAIB's shareholder base with a dollar-based equity.
The bank has been providing a variety of clients with cutting-edge innovative financial products and services.
It has always been a pioneer in the Egyptian banking sector. It established the first foreign exchange trading room in Egypt, it was the first bank to issue credit cards in the Egyptian market in the early eighties, and it launched the first smart card in 2003.
The Arab African International Bank provides retail, corporate, and investment banking services in Egypt and internationally. In January 2009 the AAIB became the first Egyptian bank to adopt the Equator Principles.
The bank has launched its AAIB wealth management service which committed to the preservation and growth of wealth. It offers an array of product choices and investment solutions that meet its clients’ financial aspirations and risk appetite.
A wealth management client enjoys exclusive access to prestigious wealth management lounges, financial advisory services and express banking service, special debit cards atm withdrawal limits, preferential tariff of charges and special deposit rat an exclusive access to Priority Pass lounges program.
