name: Bank of Khartoum
Bank of Khartoum (BOK) is Sudan’s largest bank and the oldest commercial bank in Sudan, with more than 66 branches. The largest single shareholder is Dubai Islamic Bank.
The history of the Bank of Khartoum can be traced back to 1913, when the Anglo-Egypt Bank established a branch in Khartoum. In 1925, Barclays Bank merged Anglo Egypt with two other banks to become Barclays Bank. After the Second World War, the Ottoman Bank established a branch in Khartoum in 1948. Five years later, Egypt’s Misr Bank established a branch in Khartoum, and the following year, Jordan Arab Bank established a branch.
In 2002, the Sudanese government prepared to privatize the Bank of Khartoum. In 2005, the government sold 60% of its shares to Dubai Islamic Bank. In the following year, the Islamic Development Bank, Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank established the UAE and Sudan Bank in Khartoum, which is an Islamic bank. A year later, the Bank of Khartoum announced the merger with the UAE and the Sudan Bank, and the merger took effect in 2008.
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