GulfCap developed the concept, advised and structured the
setting up of Gulf African Bank which is the first Islamic
commercial bank in Kenya. It identified the right shareholders
for the bank and handled the regulatory process up to the
selection of the initial management team. The bank has also
entered into a management services contract with GulfCap.
In addition to GulfCap Group, the shareholders of this bank
include:
• Istithmar (the investment arm of the Government of
Dubai)
• BankMuscat International BSC (c), Kingdom of Bahrain
• Mr Abdullah Mohamed AbdulAziz Al Romaizan (largest
dealer in Gold in the
Middle East and a leading investment group in Saudi Arabia)
• Eastern and Southern African Trade Development Bank
(PTA Bank)
(promoted by 22 African countries and China)
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