Egyptian Arab Land Bank

On February 15, 1880, Khedive Tawfik issued a Khedival Decree, for the incorporation of a joint-stock company in the name of the (Egyptian Land Bank), which was concerned at the beginning with the contributing in the development of the agricultural sector, through offering loans to landlords. The Bank maintained its role throughout the difficult and hard times that Egypt and the whole region underwent. It managed to shoulder its responsibilities and duties at all times and hence deserved its ample reputation and stature. In its third session, held in March 1946, the Arab League issued a decree for the incorporation of the (Arab Land Bank), pursuant to the Egyptian Royal Decree, in the name of the (Arab Land Company). The Royal Decree determined the objectives of that Company, to the effect of establishing it in Palestine to support the Palestinians and lend them to purchase agricultural requisites for the reclamation of their lands. The company was licensed after changing its name t...