Rabee Securities

Bank of Baghdad (BBOB), the first licensed private bank in Iraq, was founded on February 18th, 1992. The bank is providing banking services through 25 branches across the country 11 of which are in the city of Baghdad. Bank of Baghdad is a member of the KIPCO Group (www.kipcogp.com), one of the largest diversified holding companies in the MENA region. KIPCO owns Bank of Baghdad through one of its subsidiaries, Burgan Bank (www.burgan.com).

Commercial Bank of Iraq (BCOI), a private company, was founded on November 2nd, 1992. BCOI is providing banking services through 10 branches across the country, nine of which are in the city of Baghdad, including the main branch, and one in Basra. Ahli United Bank (AUB) (www.ahliunited.com) of Bahrain is the main shareholder.

Dar Es Salaam Investment Bank (BDSI), a private bank, was founded on July 12th, 1998 in Iraq. The bank is providing banking services through 14 branches and one office (Sumer Land Office in Baghdad) across the country seven of the branches are in the city of Baghdad, including the main branch, while the others are in Mousel Karbalaa, Al Qadisiya, Waset, Muthana, Basrah and Erbil provinces. The major shareholder is HSBC Asia Holdings BV.

Gulf Commercial Bank (BGUC), a private company, was founded in Iraq on October 20th, 1999. The bank is providing banking services through 14 branches across the country four of which are in Baghdad, including the main branch, another two are in Najaf province, two Basrah, and the others are in Babylon, Dewanya, Karblaa, A-Simiwah, Al-kut and Arbil provinces.

Iraqi Middle East Investment Bank (BIME), a private joint stock company, was founded in 1993. The bank is providing commercial and investment banking services through 19 branches across the country of which 8 of them are in Baghdad.

Mosul Bank (BMFI), a private company, was founded on August 23th, 2001. The bank is providing banking services through 13 branches and two offices across the country according. Nine of its offices are in the city of Mosul, including the main branch, another two are in Ninevah province while the others are in Baghdad, Tikrit, Suleymania and Arbil.

Al-Mansour Bank For Investment (BMNS), a private bank, was founded in Iraq on September 13th, 2005. The bank opened its main branch on April 17th, 2006 in Baghdad. Then, two more branches were opened in Iraq one in Suleymania and the other in Arbil. The bank reached four branches as of the end of 2009, two in Baghdad. The major shareholder is Qatar National Bank (www.qnb.com.qa).

North Bank (BNOR), a private joint stock company, was founded on April 1st, 2004 which operates mainly in Baghdad and Kurdistan Region in the North of Iraq. North Bank is providing banking services through nine branches across the country of which 3 of them are in Baghdad, including the main branch, and the others are in Arbil, Sulaymaniyah, Dohuk, Ramadi, Karbala and Mosul. North Bank’s main shareholder is Nawzad Jaff & Family.

Warka Bank (BWAI) was founded on November 20th, 1999 and it owns a wide network in Iraq with 70 branches, of which 25 of them are located in Baghdad including the main branch, and 350 ATMs. The bank is providing commercial banking services including deposits, loans, credit cards and online banking in addition to providing investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting.

Dar Al-Salam for Insurance (NDSA) was founded in Iraq on June 11th, 2000 with ID300 mn establishment capital. The capital reached ID2.2 bln ($1.9 mn) in September 2010. The main shareholders of the company are Dar Es Salaam Investment Bank (BDSI) and Al-Khudhairy Family with respective shares of 19.5% and 41.4% as of the end of 2009. It has three branches in Iraq of which the main branch in Baghdad, south branch in Babylon province and north branch in Ninawa province.

Baghdad Soft Drinks (IBSD) was founded in Iraq on July 18th, 1989. IBSD is a soft drinks bottling company which has the license to sell Pepsi products in Iraq. The franchise agreement of PepsiCo Int. (www.pepsiworld.com) authorizes IBSD to produce and distribute Pepsi-Cola, Seven-Up and Mirinda soft drink brands. IBSD renewed its license with Pepsi in 2010 for a five year term. As of end of 2009, 81.0% of the company was owned by the private sector while 19.0% was owned by the Gov.

Modern Paint Industries (IMPI), a mixed joint stock company (Government: 58% & Private Sector: 42% share), was founded in Iraq on October 25th, 1976. The company is an industrial company specialist in producing all kinds of paints. The main items produced by the company are building paints, solvent base paints for building and equipment, wood paints, drawing paints and thinner. Modern Paint’s actual production started in 1981 with decorative paints like gloss enamel & emulsion.

National Chemical & Plastic Industries (INCP), a mixed joint stock company (Government: 58% & Private Sector: 41% share), was founded in Iraq on October 23rd, 1962. The company produces plastic materials and it was regarded as one of the biggest complexes in the Middle East’s versatile plastic industries in terms of production capacity. The actual production started in 1964 with limited products. In line with the improvements in plastic technology, the company expanded its production.

Al-Mansour Hotel (HMAN) was founded in Iraq on June 30th, 1989. The Hotel is located in the coast side of the Tigris river in the middle of Baghdad city. The hotel has 243 bedrooms, 36 regular suites and 14 deluxe suites, in addition to three halls having 1,050 seat capacity. Al-Mansour Hotel also has five restaurants including Chinese and French restaurants. Health center, swimming pools, airport services are some of other services.

Al-Ahlyia for Agricultural Production (AAHP), a private company, was founded in Iraq on June 9th, 1994. The company is mainly operating in developing, breeding and marketing fish. The company owns a fish breeding farm with 210 km2 area and an animal feed plant both located near Baghdad. The operations in these areas have been stopped since 2006 due to the deterioration in security around Baghdad, so today the trading of agricultural products constituted the main portion of the revenues.