Ownership Structure

Banca UBAE’s shareholders include major banks

• 80.15% Libyan Foreign Bank
  Libya’s offshore banking institution, it is chiefly concerned with the country’s oil exports.
• 6.60% UniCredit
  One of Europe’s leading commercial banks, its international network covers 50 countries
• 2.85% Banque Centrale Populaire
  Morocco’s largest state-controlled bank
• 2.65% Bank of Africa – BMCE Group
  Established in 1959, it provides both retail and corporate banking services
• 1.10%  Intesa Sanpaolo
  Italy’s second-biggest banking group, created in 2007 by the merger of Banca Intesa and San Paolo IMI

and three of Italy’s most prominent corporate groups:

• 3.30% ENI
  A multinational with interests spanning oil and gas, petrochemicals, power generation and engineering
• 2.25% Sansedoni Siena 
  Incorporated in 1999 as part of the Monte dei Paschi di Siena Group, Sansedoni is a major Italian property and asset management company
• 1.10%  Telecom Italia
  Italy’s number one telecoms operator, established in 1994

Libyan Foreign Bank, Banca UBAE’s controlling shareholder, is based in Tripoli (Libya).
The head offices of both Banque Centrale Populaire and Bank of Africa – BMCE Group are in Casablanca (Morocco).