The Middle East's

Top 100 Listed
Companies 2022

39. Commercial International Bank (CIB)

Country: Egypt

Sector: Banks & financial services

CEO and Managing Director: Hussein Abaza

Market Value: $4.5 billion

Sales: $2.7 billion

Profits: $713 million

Assets: $26.8 billion

CIB was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank. Today, it employs 7,307 people and serves more than 1.6 million customers across 213 branches. CIB has several subsidiaries under its umbrella, including CVentures and the Mayfair CIB Bank in Kenya. In April, Alpha Oryx Limited—a subsidiary of the U.A.E's ADQ—acquired a 18.6% stake in CIB for $987.5 million. Hussein Abaza became CEO in 2017.