Gulf African Bank (Kenya)

In 2006–07, the founders of the legacy GulfCap envisioned, conceptualised and launched the initiative to establish the first Islamic commercial bank in the East African region, headquartered in Nairobi, Kenya.

In addition to the legacy GulfCap, its shareholders included Istithmar World, an investment arm of the Government of Dubai; BMI Bank, Kingdom of Bahrain; Sheikh Abdullah Mohammed Al-Romaizan, Kingdom of Saudi Arabia; Eastern and Southern African Trade and Development Bank, also known as PTA Bank; and IFC.

GulfCap founded Gulf African Bank and advised its board and management on strategy and execution.

Reference website: http://www.GulfAfricanBank.com