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Leveraging the wealth of Egypt in specific and the MENA region at large, the Arab African International Bank (AAIB) was established in 1964 as a partnership between the Government of Egypt and Kuwait. Under a treaty signed by the late Egyptian President Gamal Abdel-Nasser and H.E. Sheikh Jaber Al-Ahmad Al-Sabah, former Crown Prince of Kuwait, AAIB was incorporated as Egypt's first Arab multinational bank. A special law created this joint venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA), each holding a 49.37% stake.
AAIB’s mission was to become the leading financial group in Egypt, providing innovative services with a strong regional reach. By 2004, AAIB was Egypt's fastest-growing bank in terms of size and profitability. As part of its growth strategy, AAIB established Arab African Investment Holding Co. (AAIH) in 2006 as its capital markets arm. AAIH provides clients with integrated financial services, ranging from asset management (through Arab African Investment Management “AAIM”) to brokerage (through Arab African International Securities “AAIS”).