 AUDI
SARADAR GROUP STRUCTURE |
 |
|
|
|
|
| |
|
Bank Audi sal-Audi
Saradar Group |
Founded in Lebanon in 1962, Bank Audi sal - Audi
Saradar Group is a regional Bank with a universal banking profile, covering
commercial, retail, private and investment banking activities, in addition
to “bancassurance”. Through a string of mergers and acquisitions, the latest
with the reputed Banque Saradar sal in 2004, and a dynamic expansionary
policy, Bank Audi sal now ranks among the top 2 banks in Lebanon according
to assets and customer deposits, and the 25 largest banking groups in the
Middle East.
Successive capital increases have significantly improved
capitalisation and provided resources for Bank Audi to continue
consolidating its market position. The latest of these operations took place
in April 2006, when the Bank closed a US$ 600 million capital increase,
raising its shareholders’ equity to US$ 1.7 billion, by far the largest in
Lebanon and accounting for 30% of the banking sector at large. Today, Bank
Audi sal - Audi Saradar Group is a leading Lebanese Bank with US$ 15.5
billion of consolidated assets, reaching US$ 21.2 billion when including
assets under management. Customers’ deposits totaled US$ 13.1 billion,
corresponding to a market share of 20.7% at end-June 2007. Bank Audi is
served by the largest on-line real-time network of branches in Lebanon.
Reputed for its innovation and the quality of its service, it is a major
player in the Lebanese retail banking market.
A few years ago, Bank
Audi engaged in a regional expansion strategy aimed at countries with
promising development perspectives, namely in Africa and the Middle East.
Besides Lebanon, it now has operations in France, Switzerland, Syria,
Jordan, Egypt, Sudan, as well as Saudi Arabia, Qatar, and Abu Dhabi
(representative office). The prospection for new high-potential regional
markets is also underway, with plausible perspectives in North Africa. |
| |
|
Bank Audi Saradar France |
|
| |
|
Bank Audi sal-Jordan branches |
At the close of 2003, Bank Audi sal – Audi Saradar Group obtained a banking
license to open a network of branches in the Hashemite Kingdom of Jordan. The
Bank’s presence in Jordan mainly hinges on the coverage of retail banking
activities with emphasis on commercial banking to support the retail business
and correspondent banking services supported by our European sister banks.
To that end, our branch network locations in Jordan are destined to build a
supportive commercial franchise along the retail emphasis. Bank Audi Jordan
branches are spread throughout Amman city, in Shmeissany (main branch), Le Royal
Hotel, Mecca Mall, Al Khalidy, Jabal Hussein, Sweifieh and Irbid. While the
Bank’s headquarters for Jordan are located in Le Royal Hotel in Amman ; Aqaba
and Zarka in addition to downtown Amman and the vicinity of Sweileh in Greater
Amman will be accommodating Bank Audi branches at a later stage. Retail banking
activities constituted the drive of Bank Audi’s development in Lebanon during
the last 5 years. Consequently, the Bank has begun exporting its
acquired expertise in products and infrastructure to our Jordanian
branches.branches.
Website:
www.banqueaudi.com/jordan/jordan.html |
| |
|
Bank Audi Syria sa |
On May 31, 2005, the Council of Ministers of the Syrian Arab Republic approved
the license application of Bank Audi and Partners to launch Bank Audi Syria.
Early August 2005 and following the Initial Public Offering (IPO) of Bank Audi
Syria sa., Syrian shareholders subscribed to the equivalent of SYP 6.177
billion, which represented a coverage of 988%, while the targeted amount to be
raised was SYP 625 million (25% of the Bank’s capital). This led to the
establishment of Bank Audi Syria, the largest start-up capital in the Syrian
banking sector, with a capital of SYP 2.5 billion. Aiming at offering its
clients “value-added” services, Bank Audi Syria is especially interested in
attracting companies in the industrial and retail sectors. The Bank’s
competitive advantages include its international network with offices in Beirut,
Amman, Paris and Switzerland, as well as its advanced technology and innovative
management. Bank Audi Syria’s headquarters and main branch are located in the
center of Damascus, Mohafaza building. The first branch to open was Mazzeh
Branch, followed by Mohafaza, then Abu Rummaneh in March 2006 and Aleppo in
April 2006. Branches in Lattakieh, Homs and Kafarsousseh are now opened
and operational while more locations in Damascus and major Syrian cities will
follow.
Website: www.banqueaudi.com/basy/syria.html |
| |
|
Bank Audi sae |
In March 2006, Bank Audi sal – Audi Saradar Group acquired Cairo Far East bank
sae, an Egyptian bank with a network of 3 Commercial branches and one Islamic
branch. The latter’s name was subsequently changed to Bank Audi sae, a fully
owned subsidiary of Bank Audi sal – Audi Saradar Group and its capital was
raised to USD 100,000,000 - one hundred million. Plans are currently underway to
expand the branch network to over 40 branches within the first 12 months of
operations.
Bank Audi sae’s action plan mainly hinges on the development of commercial and
correspondent banking activities, along with extensive retail activities based
on the Bank’s acquired expertise in the field.. An extensive retail network will
be rapidly deployed within a three-year period.
The acquisition of Cairo Far East Bank sae ensures a good platform to launch
Bank Audi’s activities in Egypt. Meant to become Audi Saradar Group’s second
largest entity outside Lebanon the Bank aims at achieving a 3% market share in
the coming five years, via different important partnerships.
The Bank’s financial philosophy is to increase the sales of its products and
services, to boost its operating margins and to manage its capital intensity
within very strict control procedures. This would ensure Bank Audi sae a better
immunity and help it provide the best banking services and products to
individuals and institutions.
Bank Audi sae aims at strengthening domestic franchise through the wide and fast
expansion of its branch network which would provide the widest range of high
quality products and services.
Website:
www.banqueaudi.com/egypt/egypt.html
|
| |
|
National Bank of Sudan |
Towards integrating the Sudanese market as part of its regional expansion,
Bank Audi acquired the National Bank of Sudan (Al-Ahli) in September 2006,
introducing the first Islamic Banking entity to the Bank Audi sal – Audi Saradar
Group.
Towards delivering
banking services that
are fully compliant with
the Sharia’, the Bank
appointed a specialized
Board to monitor the
Bank’s activities and
operations and ensure
that all offerings and
products are 100%
compliant with the
Sharia.
With 75% of the
shares owned by Bank
Audi sal – Audi Saradar
Group and 25% by
Sudanese shareholders,
the name of the bank
will be officially
changed to Bank Audi– Al
Ahli during the course
of 2008. Seventeen
branches will remain
operational across Sudan
- 10 in the capital
Khartoum and 7 in the
country’s Eastern
Provinces - covering
three main business
lines, and focusing on
Corporate and Retail
Banking.
As a newly
established financial
entity in Sudan, Bank
Audi-Al Ahli is
initiating its
activities on the local
market by adopting an
innovative approach,
reflected in its private
atmosphere, modern
setup, and highly
developed channels of
distribution.
|
|
|
Bank Audi llc |
The Qatar Financial Center Regulatory Authority (QFCRA) has granted on the
21st of December 2006, an authorization to Bank Audi LLC (a fully owned
subsidiary to Bank Audi sal) to carry on Regulated Activities in the Qatar
Financial Center (QFC). Bank Audi LLC has a capital of US$ 50 million and
carries out the following activities as defined by the QFC: Deposit Taking,
Dealing in Investments, Arranging Deals in Investments, Providing Credit
Facilities, Arranging Credit Facilities, Providing Custody Services,
Arranging the Provision of Custody Services and Advising on
Investments.<br><br>The aim of Bank Audi through its presence in Qatar is to
benefit from Qatar’s rapid economic boom and that of the GCC region at large
and to ensure a strong positioning within the context of very promising
economic and financial prospects. This presence complements an already
existing investment company in Saudi Arabia: Audi Saudi Arabia. Bank Audi
had also been granted on the 26th of September 2006 an authorization of the
Central Bank of the United Arab Emirates for the opening of a representative
office in Abu Dhabi. |
| |
|
|
| |
 |
|
|
|
|
| |
|
Audi Saradar Investment Bank sal |
Audi Saradar Investment Bank is the investment bank of Audi Saradar Group.
Resulting from the merger of three entities, Audi Investment Bank sal,
Lebanon Invest sal and Saradar Investment House sal, Audi Saradar Investment
House benefits from the status of a specialized bank conferred by virtue of
law 22/67. In addition to a set of particular activities set by this law
such as long-term deposits and financing, Audi Saradar Investment Bank is
active at the overall business of Investment Banking, mainly in financial
engineering, Mergers & Acquisitions, Market Activities, Corporate
Banking and OPA, and structured products among others.
Audi Saradar Investment Bank has many achievements, be it at the level of
issuing to its own benefit or trading at primary and secondary markets to
its customers. In particular, Bank Audi played directly via Audi Saradar
Investment Bank an incontestable leader role in the development of capital
markets in Lebanon.
Website:www.asib.com |
| |
|
Audi Saudi Arabia |
On May 17 th, 2006, the Capital Market Authority (CMA) of the Kingdom of Saudi
Arabia approved the license application of Bank Audi sal to launch Audi Saudi
Arabia to provide a complete range of investment services. The new
entity, headquartered in Riyadh, offers Saudi corporate and individual clients
premium Corporate Finance, Wealth Management, Asset Management, Brokerage and
Private Equity services, matching best international practices with a regional
perspective. It intends to capitalise on the regionalisation trend, whilst
focusing on shareholders’ value, improving regulation, consolidation,
diversification and increasing liquidity characterising Saudi markets.
Audi Saudi Arabia is a joint venture between Audi Saradar Group (70%, among
which 10% are set aside for an employee stock ownership program) and Saudi
shareholders (30%), and is incorporated as a closed joint stock company.
Audi Saudi Arabia launched its activities in Fall 2006 and abides by the Group’s
core corporate values that have long made its reputation in the region, namely
quality, heritage, human capital, civic role, innovation and transparency.
Website:
www.audisaudiarabia.com |
| |
|
|
| |
 |
|
|
|
|
| |
|
Banque Audi (Suisse) sa |
Headquartered in Geneva for over a quarter of a century, Banque Audi (Suisse) is
a Swiss bank, regulated by the Swiss Federal Banking Commission dedicated to
wealth management.
Banque Audi (Suisse) also offers an Advisory Service". Clients are informed
on all types of securities through permanent interaction with our dedicated
Advisory Desk. This helps them to seize new investment opportunities as they
arise and manage their wealth with the help of our professional advisors
Through "Discretionary Management" we handle the client portfolio with
personalized attention to ensure that the financial requirements are met to the
client's utmost satisfaction.
Our traditionally conservative approach to
asset management is based on steady, prudent growth and capital preservation. In
fact we see our role as twofold: to provide both asset protection and
enhancement for our customers.
Banque Audi (Suisse) is not attached to
any provider of investment vehicles nor range of products. This independence
allows us to select the optimum investment opportunities for the client's
requirements as we are free of any obligation to sell a particular financial
instrument. Instead, our analysis and research capacity allows us to choose the
most sophisticated alternatives and those that out-perform others on the market.
Our Trading Desk deals in equities, bonds, mutual funds, derivatives, precious
metals, foreign exchange and structured products. We have access to all types of
securities and currencies through an extensive network of worldwide brokers and
dealers. Through our network of correspondents, we offer fiduciary deposits with
first class international banks and we provide Lombard credit facilities for
performance leveraging and credit facilities for forex operations. |
| |
|
Audi Saradar Private Bank sal |
Audi Saradar Group is renown for being one of the pioneers in the Middle East to
have an entity dedicated exclusively to private banking. Audi Saradar Private
Bank sal (ASPB) offers its clientele attractive means of wealth preservation,
asset management and diversification through access to a number of leading
world-class multi-manager funds, hedge funds, structured products, fiduciary
services, local and international investments as well as exposure to real estate
investments in Lebanon and Europe.
In terms of asset management, ASPB's alliance with Russell Investment Group,
global leaders in multi-manager investing, gives its clients access to
institutional quality investments benefiting from the expertise of some of the
best fund managers in the world. Through its subsidiary Conseil et
Gestion Immobilière sal and partnership with Inovalis in Europe, both offering
real estate investment management services, the bank has been continuously
launching successful local and European real estate investment projects.
ASPB also caters to its clients' interests offering them tailor-made products
that complement their portfolios and investment strategies. In its
services, ASPB builds on Banque Audi Suisse's 30 years experience and support to
expand its reach into international markets and offer clients access to a
presence in Europe. On a regional level, the expansion of private
banking services has begun through the creation of synergies with other entities
of Audi Saradar Group and the development of strong presence in countries where
Bank Audi is located: Syria, Jordan, Egypt, KSA, Qatar and the UAE, in addition
to the well established Bank Audi Saradar France.
Website:
www.audisaradarpb.com |
| |
|
|
| |
 |
|
|
|
|
| |
 |
Libano Arabe Insurance sal |
With a history dating back to 1975 and a vision to strengthen its position as an
insurance company endowed with a respectable reputation, Libano Arabe Insurance
is one of the nation’s leading distributors of diversified insurance products
and services. Operating through a national network of offices, Libano Arabe
Insurance offers a comprehensive portfolio of services to individuals, companies
and institutions enabling it to become a force to be reckoned with in the
Insurance world.
Being owned by Audi Bank since January 2000, one of the largest banks in
Lebanon, its Board of Directors now includes leaders well known in insurance,
economic and financial circles
Reaching out beyond borders was also an option for Libano Arabe in Summer 2006,
it launched operations in Syria and, in less then six months, our colleagues
exceeded their business plan and opened 2 branches in Damascus and 3 others in
Aleppo, Homs and Lattakia.
The knowledge that Libano Arabe Insurance has gained in its more than three
decades of working with many of the top Reinsurers in the world allows it to
provide the ultimate in insurance innovations in the interest of existing and
future clientele through its commitment to the permanent development of new
products and services. Libano Arabe’s Continuous determination and belief in the
future will drive it forward in achieving it’s vision without loosing sight of
it’s principles, integrity, transparency, perfection and commitment to the
smallest details.
|
| |
|
Syrian Arab Insurance |
Profile:
Syrian Arab Insurance Co. is a private specialized insurance company
licensed under decree No. 43/2005, with a paid up capital of
SYP.1,000,000,000/-.
The company is specialized in providing tailor made insurance services for
families and businesses.
Our objectives are to promote safety culture, provide risk management
solutions through providing insurance covers that suits our clients' needs,
in addition to prompt handling of claims. The company is committed to
constant development of new products and services in the interest of
clients.
We believe that success could be achieved by keeping close relationship
with the clients and meeting their needs.
Our services include:
- Motor – insurance of various types of vehicles
(Third party liability and comprehensive covers)
- Medical – insurance for groups and individuals
- Property – insurance against the risk of fire
and allied perils and theft for private property and businesses (offices,
factories, warehouses).
- Marine and transport– insurance of all kinds of
cargoes (by sea, air, land)
- Engineering – insurance of constructions,
erection works, machinery breakdown
- Third Party Liability – covers damages caused to
the third party
- Professional Indemnity – insurance of liability
as a result of professional negligence.
- Personal Accident – provides compensation for
temporarily or permanent, disability or death,.
- Life insurance ( term assurance, pension
schemes)
Damascus Branches
Head Office and Main : Abou Rouman.Shakib Arslan street.Roman Catholic
Patriarchate
Tel:
3348035-011 |
| Fax:
3348039-011 |
| POBOX:
11054 |
| Email:
info@syrian-arab.com |
Pakistan Street.
Mallas building
| Tel:
4474201-011 |
Fax:
4474844-011 |
Aleppo Branch
Aleppo Branch: Baron Street. Moukawelleen Building
| Tel:
2114331-021 |
Fax:
2114428-021 |
Homs Branch
Naoura Square-Attassi Building
| Tel: 031-2455990 |
Fax: 031-2455993 |
Latakiah Branch
8th of May Street- Akram Jourieh Building
Tel:
471747-041 |
| Fax:
479789-041 |
|
|
| |
| | |