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Arab
Bank for Investment and Foreign Trade (Al Masraf),
formerly known as ARBIFT,
was established in the United Arab Emirates in 1976 as a joint venture
between three Arab countries – Algeria, Libya, and the UAE.
Government
of the
United
Arab Emirates
(42.28%)
Al Masraf
is the only bank in the UAE in which the UAE Federal Government is a
shareholder. It is represented by the Ministry of Finance and Industry.
Libyan
Foreign Bank (42.28%)
The only bank in
Libya
with an
offshore status. Established in 1972, the Libyan Foreign Bank is fully
owned by the Central Bank of
Libya
with an
authorized capital of 300 million Libyan Dinars.
Banque
Exterieure d'Algerie (15.44%)
A state and commercial bank, it was established in
Algeria
on
October 1, 1967
and is wholly
owned by the Algerian government. The bank has 80 domestic branches and
4,200 employees.
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