In 2007, National Bank of Kuwait (NBK) - the best bank in the Middle East and highest rated by international rating agencies - acquired AWB to start operations in Egypt for the first time, which marks a new milestone in the regional expansion of NBK.
After the acquisition in 2007 NBK kept the bank’s name as AWB, only adding “A Subsidiary of NBK Group” to the logo, until mid-2014 when the bank name and logo changed to NBK.
When the bank was acquired by NBK its number of branches was 24, soon after the acquisition NBK adopted a strategic expansion plan which increased the number of branches to reach 52 branches and a total number of 150 ATMs in 2020, which are all strategically located in the most vibrant spots across the country, from Cairo and Alexandria, to Giza, Mansoura and Sohag.
Since the acquisition, the bank managed to secure loans for thousands of big and small investors and institutional clients, a fact reflected in its increasing performing loan portfolio.
Based in Egypt, with a large branch network across the country, we understand entirely the challenging needs of individuals and aspiring businesses, and the change involved to remain one step ahead in today’s rapidly evolving markets
Almabani General Contractors has a long robust history which began when the founders’ established the company in Jeddah, Saudi Arabia in October 1972.
For four and a half decades, we have been building up our expertise to serve an ever more demanding and challenging construction need in the region.
In a prosperous economy fueled by the oil boom, our company was positioned to participate in the execution of some of the most prestigious landmark projects in the Kingdom of Saudi Arabia. We have the highest classification in all civil and electrical works with in-house capabilities to develop design and value engineer solutions to cater for our clients’ needs. We have proudly executed projects from complex infrastructure works to heavy civil engineering structures.
Capitalized at 100 Million Saudi Riyals and with a permanent work force of just over 10,000 highly skilled professionals aided with a physical presence that covers the Kingdom, Almabani is positioned to tackle mega size projects and continue its’ contribution in the development of the region.
Today we are engaged in highly competitive turnkey projects worth several Billion Dollars. Thanks to a broad and diversified experiences and dedicated team of professionals, our company has significantly contributed in the development of the Kingdom’s major airports, road networks and our consistent effort and pursuit of success led us to participate in construction and execution of the Riyadh Metro Lines 1 & 2 valued at 10 Billion Dollars.
We stand committed to excellence guided by our deep routed company covenants providing quality engineering and execution. It is the strategy of our company to be always one of the leading contracting companies in the market. To this end, we as Almabani continue to invest in quality, value engineering, proactive and talented people, endeavoring at all time to satisfy our client expectations and to best serve the welfare of our society.
Al Muhaidib Group (AMG) is a leading Saudi owned investment conglomerate established in 1943. AMG leverages its rich heritage to drive diversified investments across key sectors including Food & Consumer, Industrial & Infrastructure, Real Estate, and Financial Investments.
Since its establishment, AMG has strived to support the sustainable development of Saudi Arabia and continues to be dedicated to adding real value to the communities and markets where it operates in the Kingdom and throughout the region.