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Trustees Division

The Division was established in 1965 to provide non-traditional services related to the banking business. These services have been diversified over the last few decades and are handled by the following key departments: 

First: New Activities Department

:Agency services

Acting as an escrow account agent, the Department intermediates transactions and business deals (selling or buying property, land, factories or companies; selling or buying equity shares; procurement of goods and services; etc.) among customers, to ensure full payment of amounts due to the first party (seller or service provider) and delivery of transfer of title deeds to the second party (buyer or service receiver) after each party meets its obligations.

:Promoting the lease and sharing of assets

The Department promotes customers’ assets of all types, whether for lease or sharing. This service is provided through: creating the appropriate promotional strategy pursuant to each transaction; determining the best approach to market these assets; and holding meetings and seminars with potential investors up to receiving offers and awarding the contract to the best offer.

Second: Evaluation Department

Evaluation services for all types of assets (buildings, apartments, shops, ships, boats, aircrafts, hospitals, malls, hotels, tourism resorts, factories, machinery and equipment, goods, vehicles, agricultural land, etc.) are provided to all customers of the Bank’s branches and divisions for different purposes. Such evaluation services are also provided to non-customers.

Third: Productive Assets Management

• Follow-up work progress at productive assets managed by third parties in cooperation with the relevant company supervising asset management, and collect amounts due to the Bank (rents/return).  

• Follow-up work progress at productive assets managed by the Department.  

• Follow-up work progress at productive assets commonly held with other banks.  

• Make regular visits to the assets; prepare the necessary reports; and seek the operation of assets at maximum capacity while maintaining their value and extending their operational lives.  

• Manage assets in a way that generates maximum return on assets during the acquisition period, without compromising the continuity of such revenues or the Bank’s ability to freely dispose of assets at the time it deems appropriate.

 • Select, and conclude agreements with, companies specialized in the management of productive assets which devolve to the Bank.