Kingdom Investment Corporation Limited (KICL), is proud to announce the establishment of Kingdom Investment Banking Corporation Limited (KIBC), under KICL’s Operative Decisive Task (ODT) Funding Program to transform and modernize financial systems as a groundbreaking banking and finance service provider which is part of KICL’s broader mission to drive sustainable economic development,
With equity stakes in entities holding banking licenses worldwide, KIBC is committed to developing innovative financial solutions that meet the diverse needs of modern economies. Its efforts integrate Islamic finance principles with contemporary financial practices, creating a robust framework for economic growth and stability.
Kingdom Investment Corporation Limited (KICL) has appointed SIR Philip Steven Cabana as its Senior Investment Advisor to guide mergers, acquisitions, and strategic investments to develop this sector under KINGDOM INVESTMENT BANKING CORPORATION LIMITED (KIBC) with the following joint ventures.
KIBC will embark this journey by forming banking consortium in partnership with major family offices representing prominent royal families in the middle east. Discussions are underway with Shiekh Khaled Bin Mohammad Bin Fahad Al Thunayan to form a joint-venture to create a private equity fund with the House of Grimaldi and HRH Albert II of Monaco to co-manage large resources of funds of High Net-worth Individuals mainly from the Middle East setting up a bank in Monaco and putting together a professional team to manage the bank creating new opportunities for growth and stability.
KIBC is also forming strategic partnership with several banks to expand its banking reach and provide innovative financing platform solutions to in the digital assets, commodities, energy, infrastructure and clean & green tech industries to match large scale economically sustainable projects which are as follows:
Global Energy & Asset Finance LLC
ODT FUNDING PROGRAM:
GLOBAL VISION FOR ECONOMIC TRANSFORMATION
The establishment of KIBC reflects KICL’s commitment to creating a sustainable and inclusive financial ecosystem. By integrating advanced technologies, fostering strategic partnerships, and delivering comprehensive financial services, KIBC is poised to redefine how banking supports economic development. Its efforts aim to empower individuals, businesses, and governments while driving regional development in underserved areas.
From strengthening central banking systems to revolutionizing grassroots financial inclusion, KIBC is implementing ODT Funding Program strategies to pave the way for a more equitable and prosperous financial future. Its unique approach bridges traditional banking services with emerging technologies such as blockchain, decentralized finance (DeFi), and digital finance solutions. By deploying cutting-edge infrastructure and cultivating partnerships with key ecosystem stakeholders, KIBC enhances financial inclusion, addressing the needs of both unbanked and underbanked populations.
To further advance the ODT Funding Program concept, KIBC aims to modernize financial infrastructure and empower national financial systems in developing countries, particularly in Africa and other emerging markets. This mission spans three key areas of service: First Mile Banking, Corporate Banking, and Last Mile Banking.
First Mile Banking: Strengthening Global Financial Systems
KIBC collaborates with major central banks and international financial institutions to support monetary market investments and development funding. Its partnerships include working with the financial institutions globally to develop investment programs. Additionally, KIBC is facilitating the implementation of the international transaction system in African countries to enhance cross-border financial infrastructure.
Corporate Banking: Empowering Large-Scale Enterprises
Through mergers, acquisitions, and direct investments, KIBC is building a network of regional corporate banking services to support large-scale corporations and trading companies. These initiatives include setting up treasury management services in Seychelles, Kenya, and Somalia, as well as reinforcing the capacity of existing banks, and other regional banks in Africa. KIBC is also expanding import-export banking services in Somaliland and Somalia, driving trade and economic activity across these regions.
Last Mile Banking: Advancing Financial Inclusion
At the grassroots level, KIBC is working to bridge the gap between financial services and underserved populations through applications of next generation technologies such as blockchain and other decentralized ledger fintech. This includes securing licenses for StableCoin issuance, anchored to currencies like HKD and CNY, to support seamless digital transactions. The company is also investing in research and development of payment gateways, mobile applications, and virtual banking tools tailored to the needs of underbanked regions. Furthermore, KIBC is expanding Islamic finance services, offering lending solutions compliant with Shariah Law to Muslim communities worldwide.
