The company was licensed after changing its name to the (Arab Land Bank) by virtue of the Egyptian Republican Decree issued on June 17, 1954. On June 13, 1999, a Decree was adopted by the Cabinet of Egypt, to the effect of merging the (Egyptian Land Bank) in the (Arab Land Bank). Accordingly, the most enormous and well-established banking entity in Egypt – specialized in the real estate investment field – has emerged, to practice all commercial activities as a comprehensive commercial bank in Jordan & Palestine. The total of the Bank’s assets after meagering reached more than 11 billion Egyptian Pounds (i.e., 3.2 billion US Dollars approximately). Nowadays, this Arab banking edifice keeps on bestowing its generous services on the Arab economy., keeping pace with the development of the banking industry through its fifty branches spread all over the Arab Republic of Egypt, the Hashemite Kingdom of Jordan and Palestine, in addition to the Bank’s correspondents all over the World.