Appendix B Ownership of the Largest GCC Banks



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Appendix B of the Largest GCC s s 2007 Saudi Arabia National 1 Saudi government institutions 79%, Public 21% Commercial Al Rajhi 2 Public 55% Al Rajhi (45%) SAMBA 4 Saudi government institutions 44%, Kingdom Holding Company 5%, Melli Iran 1.24%, Public 46.19% Kingdom (5%) Al Gosaibi (-) Saad (-) Ali Reza Riyad 5 Government of Saudi Arabia 51.30%, Public 48.70% Rashed Group Banque Saudi Fransi 9 Groupe Crédit Agricole (France) 31.10%, Public 68.90% Rashed Group SABB 10 HSBC Holdings (United Kingdom) 40%, Saudi Investors (60%) Al Gosaibi (-) Saad (-) Olayan Arab National 15 Arab (Jordan) 40%, General Organization for Social Insurance (Saudi Arabia) 10.80%, Public 33.33% Rashed 10% Jabr 5.90% Al Gosaibi (-) Olayan 20% Saudi Hollandi 33 ABN AMRO (Netherlands) 40%, General Organization for Social Insurance (Saudi Arabia) 8.50%, Public 31.50% Al-Jazira 34 National of Pakistan 5.83%, Public 52.87% Rashed 22% Dallah Al Baraka Group (19%) Al Bilad 41 Al Subeaei Group (Saudi Arabia) 21.28%, Al Mukairin Group (Saudi Arabia) 8.56%, Public 50% Al Rajhi 15% Al Jomaih (-) Zamil (-) (continued )

Appendix B Continued Bahrain Arab ing Corporation Gulf International Al Ahli United International ing Corporation s 2007 17 Kuwait Investment Authority 28.61%, Central of Libya 28.46%, Abu Dhabi Investment Authority 26.56%, National of Yemen 0.34%, Public 12.03% 19 Saudi Arabian Monetary Agency 27.50%, Bahrain Mumtalakat Holding Company 12.10%, Government of Kuwait 12.08%, Government of Oman 12.08%, Government of Qatar 12.08%, Government of Saudi Arabia 12.08%, Government of the United Arab Emirates 12.08% 27 Public Institution for Social Security 20.25%, Tamdeen Investment Company 13.20%, The Pension Fund Commission 10.10%, Salem Salah Al Naser Al Sabah (Kuwait) 5.60%, Global Express Company 5.30%, Public 45.55% Al Rajhi Saudi Arabia (4%) Zamil Group Saudi Arabia Al Ghanim Kuwait (board member) Behbehani Group Kuwait 29 Al Gosaibi Group Saudi Arabia (100%) Awal 36 Saad Group Saudi Arabia (100%) National of Bahrain 56 Bahrain Mumtalakat Holding Company 49%, Public 49% Kanoo Group Fakhroo Group Al Moayyed Group (board member) United Gulf 52 Kuwait Projects Company 88.30%, Public 11.70% Shamil 63 Ithmaar (Bahrain) 60%, Bahrain Islamic 0.26%, Public 27.67% Saudi Binladin Group (12.07%) Zamil Group Saudi Arabia 212

of Bahrain and Kuwait Khaleeji Commercial 68 Commercial of Kuwait 19.12%, The Pension Fund Commission (Bahrain) 18.83%, General Organization for Social Insurance (Bahrain) 13.35%, KIPCO (Kuwait) 11.60%, of Kuwait and the Middle East 6.75%, Securities Group (Kuwait) 4.15%, Kuwait Investment Authority 3.75%, Zumorroda Investment Company (Kuwait) 3.07% 87 Gulf Finance House (Bahrain) 40%, Emirates Islamic (UAE) 10%, Qatar Islamic (Qatar) 4.24%, MENA Real Estate Company (Kuwait) 3.75%, Awqaf and Minors Affairs Foundation (UAE) 3%, Bahrain Islamic (Bahrain) 2.50% Al Ghanim Group Kuwait Al Jabr Group Saudi Arabia Bahraini Saudi 99 The Pension Fund Commission (Bahrain) 10%, Mohammed Bin Fahed Zayani Group Bin Abdulaziz (Saudi Arabia) 8.27%, Ibrahim Jaber Hussein Al Ahmadi (Saudi Arabia) 5.82%, Al Fatah Investment (Bahrain) 5.50%, Fahed Mohammed Al Adel (Saudi Arabia) 5.38%, Capital Finance Investment (Bahrain) 5.25%, Awal Group (Bahrain) 5%, Public 54.78% UAE Abu Dhabi 7 Abu Dhabi Investment Council 64.84%, Public 35.16% Mazroui Commercial National of Abu Dhabi 11 Abu Dhabi Investment Council (UAE) 73%, Al Qasimi Group (UAE), Public 27% Mazroui Emirates International 12 Emirates NBD 100% Gurg Group Al Majid Group Lootah Group Dubai Islamic 13 Government of Dubai 29.80% Lootah Group 7.20% First Gulf 14 Sheikh Tahnoun Bin Zayed Bin Sultan Al Nahyan 5.60%, Nahda Investment Company 5.12%, Public 89.28% Mashreq 16 Public 13% Al Ghurair Group 87% Union National 21 Government of Abu Dhabi 40.01% Abu Dhabi Investment Council 10% Government of Dubai 10%, Al Qasimi Group UAE, Public 39.99% (continued ) 213

Appendix B Continued National of Dubai Commercial of Dubai s 2007 24 Emirates NBD 100% (merged with Emirates in 2009) 40 Government of Dubai 20%, Public 80% Al Mulla Ghurair Rostamani Futtaim 49 Government of Sharjah 27%, Kuwait Finance House 20%, Al Qasimi Mazroui Group, Public 50% Sharjah Islamic of Sharjah 53 Government of Sharjah (UAE) 20%, Mubarak Abdulaziz Al Hassawi (Kuwait) 9% Arab for 57 Ministry of Finance and Industry (UAE) 42.28%, Libyan Arab Foreign Foreign investment (Libya) 42.28%, Banque Extérieure d Algérie (Algeria) 15.44% and Trade National of Umm Al-Qaiwain 62 Government of Umm Al Qaiwain (UAE) 30%, Umm Al Qaiwain Cement Industries Company (UAE) 5.55%, Salim Abdullah Salim Al Hosni (UAE), 6.74%, Public 37.66% Invest 64 Global Private Group (UAE) 15.05%, Emirates Development Company (UAE) 6.65%, Alliance Insurance (UAE), Al Qasimi Group (UAE), Public 69.50% Rakbank 65 Government of Ras Al Khaimah (UAE) 52.75%, UAE investors 36.85%, GCC investors 10.40% National of Fujairah 69 Government of Fujairah 43.23%, Government of Dubai 10.76%, Public 24.62% United Arab 80 Commercial bank (Qatar) 14.70%, UAB Shareholders Investment Portfolio (UAE) 14.70%, Al Hosani Group (UAE) 18.10%, Al Qassimi Group (UAE) 13.00%, Public 24.60% Rostamani Group (20%) Mazroui Group (6.08%) Ghurair Sagar Group Kuwait (board member) Al Gurg Group (21.39%) Juma Al Majid Group 7.80% Fardan Group 214

Dubai 92 Dubai Financial (UAE) 70%, Emaar Properties (UAE) 30% Kuwait National of Kuwait Kuwait Finance House 6 Public 100% Bahar Kharafi Sagar Fulaij Group 8 Kuwait Investment Authority (Kuwait) 24.08%, Public Authority for Babtain Minors Affairs (Kuwait) 10.48%, Kuwait Awqaf Public Foundation (Kuwait) 8.23%, Public 57.21% 31 Al Sharq Holding (Kuwait) 23.11% Commercial of Kuwait Gulf 35 Expansion for Trading and Construction 11.74%, Zumuruda Holding 10.37%, Public 40.36% Al Ahli of Kuwait 42 Kuwait Investment Company 9.90%, Government Debt Settlement Office 9.55%, Public Institution for Social Security 9.51%, Wafra International Investment Company 7.50%, Kuwait and Middle East Financial Investment Company 4%, Public 23.96% Burgan 46 Kuwait Projects Company 50.24%, Public Institution for Social Security 6.11%, Wafra International Investment Company 5.72%, Public 37.93% Boubyan 60 Kuwait Investment Authority 20%, The Investment Dar Company 20%, Public 60% Oman Muscat 44 Oman government institutions 34%, HSBC (UK) 17%, Dubai Financial (UAE) 15%, Groupe Société Générale (France) 8%, Muscat Overseas Group (Oman) 9%, Public 27% Al Ghanim Group (31.73%) Behbehani Group (5.80%) Essa Group Shaya Group Fulaij Group Behbehani Group (36%) Bahar Group Al Shaya Group (continued ) 215

Appendix B Continued National of Oman s 2007 54 Oman government institutions 23%, United Development Company 4.46%, National Equity Fund 2.99%, Public 17.66% Al Fardan Group Qatar (35%) [through Commercial Bahwan Group (14.74%) Sultan Group (2.42%) Oman International 70 Muscat Overseas Group Oman 7.91%, Public 73.62% Zawawi Group (18%) Dhofar 89 Dhofar International Development and Investment Holding Company 30%, Al Aujaili 10.14%, Civil Service Employees Pension Fund 10%, Public 49.86% Oman Arab 93 Oman International Development and Investment Company (Oman) 51%, Arab (Jordan) 49% Zubair Group Qatar Qatar National 18 Qatar Investment Authority 50%, Public 50% Darwish Commercial 26 Qatar Insurance Company 3%, Public 87% Al Fardan Group (10%) of Qatar Qatar Islamic 39 Public 100% Al Mana Group Doha 45 Qatar Insurance Company (Qatar) 0.80%, Al Thani family Darwish Mana International of Qatar 66 National of Kuwait 30%, Al Sanad Commercial Company 24.50%, Broog Trading Company 24.50%, Alfiya Investment Company (Qatar) 10.50%, Qatar Investment and Projects Development Holding Company 10.50%. Ahli 82 Ahli United (Bahrain) 40%, Public 60% Al Mana Group 216