Sector: Banks & financial services
Market Value: $982 million
Bank ABC offers international wholesale banking services, with a network that spreads across five continents and 15 countries. Subsidiaries include Bank ABC Islamic, ABC Financial Services, and ABC Banks in Algeria, Egypt, Jordan, Tunisia, the U.K., and Brazil. Major shareholders are the Central Bank of Libya and the Kuwait Investment Authority. In 2021, ABC acquired a 99.5% stake in BLOM Bank Egypt. The group has been facilitating blockchain-based real-time payment solutions in collaboration with J.P. Morgan’s JPM Coin System and ALBA, under the supervision of the Central Bank of Bahrain.