Gulf International Bank extends its support to the Global Ministerial Aviation Summit in Riyadh this August

Press release

Published August 28th, 2016 - 08:31 GMT

GIB's Chief Executive Officer, Mr. Abdulaziz A. Al-Helaissi

Gulf International Bank (GIB) is pleased to announce its sponsorship of the Global Ministerial Aviation (GMA) Summit in Riyadh to take place on 29-31 August 2016 at the Ritz Carlton. The summit is held under the patronage of The Custodian of The Two Holy Mosques King Salman Bin Abdulaziz Al Saud.

GMA is organised by the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia, in cooperation with International Civil Aviation Organization (ICAO) and Arab Civil Aviation Commission (ACAC).

GIB's Chief Executive Officer, Mr. Abdulaziz A. Al-Helaissi, commented on the bank’s sponsorship and said: “GIB is delighted to participate in the Global Ministerial Aviation (GMA) Summit. Our connection with the aviation industry is historically strong and recently we have shown our support through the winning of a mandate to privatize four airports in the Kingdom of Saudi Arabia for GACA.”

GIB will be hosting the ‘Financial Institutional Arrangements Related to Regional Projects’ session on the first day of the event. The session will provide insight on best practice and advice on financial and institutional arrangements that pertain to the regional projects.

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.