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Tunis International Bank
Website: www.tib.com.tn

The Tunis International Bank (TIB) was established in June 1982 as a fully licensed banking corporation. In October 1997, the United Gulf Bank acquired 48% of the bank's issued capital. Subsequently, this ownership has increased to 70%.

Presently, TIB provides a comprehensive range of international financial services for corporations, financial institutions, and individuals and governments, both in Tunisia and in other countries.




Executive Officers
Masaud Hayat
Chairman

Mohammad Fekih
Managing Director & Deputy Chairman

Company Address
P.O. Box 81
Tunis Bevédére
Tunisia
Telephone: (+216-1-) 782 411
Fax: (+216-1-) 782 479

Website: www.tib.com.tn

KIPCO - Work And Beyond

Kuwait City, 27th June, 2010:
Burgan Bank and United Gulf Bank (UGB) today announced that Burgan Bank has completed the purchase of Tunis International Bank from UGB.

The deal - which is part of Burgan's regional expansion strategy - first announced in 2008 - involved the purchase of Jordan Kuwait Bank, Gulf Bank Algeria, Bank of Baghdad and Tunis International Bank from UGB for a total of US$ 725 million (KD 194 million).
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