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  • KHEDIVE TAWFIQ ISSUED A DECISION ON FEBRUARY 15, 1880 INCLUDES THE ESTABLISHMENT OF A JOINT STOCK COMPANY IN THE NAME OF THE EGYPTIAN LAND BANK AS THE BANK BEGAN ITS WORK TO CONTRIBUTE TO THE DEVELOPMENT OF THE AGRICULTURAL SECTOR THROUGH THE PROVISION OF LOANS TO OWNERS OF AGRICULTURAL LAND.

    THE BANK CONTINUED IN ITS PERFORMANCE DESPITE THE DIFFICULT TIMES EXPERIENCED BY EGYPT AND THE REGION AND MEET THE OBLIGATIONS UPON IT WITHOUT DELAY THAT MADE IT DESERVED GOOD REPUTATION AND RENOWN.

    THE ARAB LEAGUE PASSED A DECISION AT ITS THIRD SESSION WHICH WAS HELD IN MARCH 1946 ESTABLISHED THE ARAB LAND BANK IN ACCORDANCE WITH THE EGYPTIAN ROYAL DECREE UNDER THE ARAB LAND COMPANY WHICH IDENTIFIED THE PURPOSES OF THE DECREE THAT ESTABLISHED THE COMPANY IN PALESTINE TO SUPPORT THE PALESTINIANS IN THEIR OWN LAND AND THEIR LENDING FOR THE PURCHASE OF TOOLS ON THE FARM AND LAND RECLAMATION.

    THE COMPANY WAS REGISTERED ON 09/01/1947 AS AN EGYPTIAN JOINT STOCK COMPANY HEADQUARTERED IN CAIRO. AND ACCOMPANIED BY REGISTERING IN PALESTINE BUT THE DEVELOPMENTS IN THE PALESTINIAN TERRITORIES IN 1948 PREVENTED THE COMPANY TO CONDUCT ITS OPERATIONS AND FOLLOWING THE SITUATION IN 1951 THE COMPANY WAS RE-REGISTERED WITH THE JORDANIAN AUTHORITIES TO WORK ON THE TWO SIDES OF THE HASHEMITE KINGDOM OF JORDAN AT THE TIME.

    THE COMPANY WAS REGISTERED AFTER CHANGING ITS NAME TO THE ARAB LAND BANK UNDER THE EGYPTIAN PRESIDENTIAL DECREE ISSUED ON 06/17/1954.

    ON 13/06/1999 AND WITH THE DECISION OF THE EGYPTIAN COUNCIL OF MINISTERS INTEGRATION OF THE EGYPTIAN LAND BANK IN THE ARAB LAND BANK OCCURED AND THUS IT WAS FORMED THE LARGEST AND OLDEST BANKING FORCE IN EGYPT SPECIALIZED IN THE FIELD OF REAL ESTATE AND REAL ESTATE INVESTMENT AND ENGAGING IN ALL BUSINESS ACTIVITIES AS A COMMERCIAL BANK IN JORDAN AND PALESTINE, WHERE THE TOTAL ASSETS OF THE BANK AFTER THE MERGING WAS MORE THAN 11 BILLION EGYPTIAN POUNDS (ABOUT 3.2 BILLION DOLLARS). THUS CONTINUES THE ARAB BANKING EDIFICE IN THE ONGOING GIVING FOR THE SERVICE OF THE ARAB ECONOMY AND KEEP UP WITH DEVELOPMENT IN THE BANKING INDUSTRY THROUGH ITS BRANCHES (50) DEPLOYED IN EACH OF THE ARAB REPUBLIC OF EGYPT AND THE HASHEMITE KINGDOM OF JORDAN AND PALESTINE IN ADDITION TO THE BANK’S CORRESPONDENTS AROUND THE WORLD.

    ON 16.11.1999 THE GENERAL ASSEMBLY OF THE ARAB LAND BANK DECIDED TO CHANGE ARAB LAND BANK NAME INTO EGYPTIAN ARAB LAND BANK WITH EFFECT FROM 1/1/2000. WITH THIS EGYPTIAN ARAB LAND BANK IS NOW REGARDED AS THE FIRST BANK IN THE ARAB NATION IN TERMS OF TRADITION AND SENIORITY OF INCORPORATION.

    EGYPTIAN ARAB LAND BANK AIMS IN FUTURE PLAN TO EXPAND ITS BRANCH NETWORK IN PALESTINE TO INCLUDE ALL PALESTINIAN TERRITORIES AND THE BANK’S MANAGEMENT ALSO AIMS TO RE-OPEN ITS BRANCHES IN THE CITY OF AL-QUDS (WHICH HAS BEEN CLOSED SINCE 1967) IN ORDER TO SERVE THE PEOPLE IN THE HOLY CITY OF GOD. 

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