UAE Business Banking

Arab African International Bank (AAIB) Business Account in the UAE

Arab African International Bank, an Egyptian bank in the UAE since 1970 with branches in Dubai and Abu Dhabi, publishes a corporate account at AED 30,000 minimum, AED 315 a month if below and an AED 105 monthly relationship fee.

Foreign with UAE Presence Conventional Moderate onboarding Branch Based

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Emirae is not the bank. Information here is editorial and should be checked with official bank sources before you apply.

Arab African International Bank (AAIB) UAE review

Verdict

Strengths

In the UAE since 1970, licensed by the Central Bank of the UAE
Published corporate tariff and trade finance tariff
Branches in Dubai and Abu Dhabi

Typical issues

AED 30,000 minimum with AED 315 a month if below
AED 105 monthly relationship fee and AED 420 to close a corporate account
No company document list or online opening is published

A good fit for: trading companies and corporate.

May be less suitable: Small companies that want a low-balance or online account: AAIB's corporate account needs AED 30,000 and carries a monthly relationship fee, and no online business opening is published.

Bank snapshot

AAIB at a glance

Key figures for this bank, from the bank profile. A tile is printed only when its field is filled.

Monthly fee

AED 105

Minimum balance

AED 30,000

corporate account

About this bank

About Arab African International Bank (AAIB) UAE

Arab African International Bank (AAIB) is an Egyptian bank, founded in 1964 and jointly owned by the Central Bank of Egypt and a Kuwaiti government investment authority. It has operated in the UAE since 1970, with branches in Dubai and Abu Dhabi licensed by the Central Bank of the UAE.

Its UAE tariff publishes a corporate account with an AED 30,000 minimum balance and a monthly relationship fee, plus trade finance charges.

Data last reviewed: 3 October 2026

Schedule of charges

Fees and charges

Figures published by the bank itself, not estimates. A fee position with no published value is not printed.

Plan	Monthly fee	Min. average balance	Fall-below fee	Local transfer (AED)	International transfer	Account closure
Corporate Account	AED 105 relationship fee	AED 30,000	AED 315 per month	AED 36.75	AED 105 per transfer	AED 420 opening free; fees include VAT

Source: AAIB UAE Tariffs and Charges (effective 1 September 2024), fees inclusive of VAT, retrieved 2026-10-03.

Regulation

Is Arab African International Bank (AAIB) UAE safe?

A reference card from the bank profile. A row is printed only when its field is filled.

Regulator Sanadak / Central Bank of the UAE

Headquarters Dubai, UAE

License number 01.02.01.013.1970.02

License type Foreign Bank, Conventional Retail

Bank support and complaintswww.aaib.com Consumer protection routesanadak.gov.ae

Business banking fit

How this bank fits a business

What the AAIB corporate account costs

Corporate account: free to open; AED 30,000 minimum balance; AED 315 a month if the balance falls below; AED 105 monthly relationship fee; AED 420 to close.
Transfers: within the UAE AED 36.75 in AED or AED 105 in foreign currency; abroad AED 105, plus correspondent charges of AED 157.50; to AAIB Egypt in EGP AED 52.50. First 25 cheque leaves free.
A trade finance tariff is published separately, for example letters of credit from 0.125% a month.
Personal current and savings accounts need AED 3,000; those figures are not for companies.

AAIB still lists its pre-September 2024 tariff next to the current one; the figures above are from the tariff effective 1 September 2024 and include VAT.

Who can open it

AAIB publishes no eligibility rules or document list for company accounts in the UAE. The account relationship starts when you sign the application form; whether a branch visit is required, and how long opening takes, is not published.

About the bank

Arab African International Bank (an Egyptian joint stock company) was founded by special law in 1964 and is headquartered in Garden City, Cairo; the Central Bank of Egypt and a Kuwaiti government investment authority each own 49.37%. It has operated in the UAE since 1970 and the Central Bank of the UAE register lists it as a foreign conventional retail bank in Dubai (01.02.01.013.1970.02). Branches: Dubai and Abu Dhabi (Kamala Tower, Zayed the First Street, Al Khalidiya). UAE contact 800 2242. The SWIFT code shown on its site, ARAIEGCX, belongs to Egypt; the UAE branch code is not published.

Since 13 September 2026 a Central Bank of the UAE regulation for SME customers requires banks to complete account opening within three business days for applicants assessed as low risk, counted from the full set of documents, and caps other delays at two weeks; banks may not charge a closing fee once an account has been open for six months.

Sources, checked 3 October 2026: AAIB UAE tariffs and charges, September 2024; AAIB UAE trade finance tariff; AAIB UAE contact; AAIB UAE branch locator; CBUAE register, August 2026; CBUAE SME customer protection regulation (C 2/2026).

Suitability

Who this bank may suit

A quick read on where this bank is usually a stronger fit - and where another bank may serve you better. This is editorial guidance, not eligibility.

Good fit for

Established companies that can keep AED 30,000 and want a relationship bank with trade finance, including businesses trading with Egypt and North Africa. Small companies and startups will find lower balances at SME banks.

May not suit

Small companies that want a low-balance or online account: AAIB's corporate account needs AED 30,000 and carries a monthly relationship fee, and no online business opening is published.

Strengths & friction

Strengths and friction points

Practical onboarding considerations - not bank criticism. Outcomes depend on the bank's own review.

Strengths

In the UAE since 1970, licensed by the Central Bank of the UAE
Published corporate tariff and trade finance tariff
Branches in Dubai and Abu Dhabi
Trade finance for companies
Parent jointly owned by the Central Bank of Egypt and a Kuwaiti government investment authority

Common friction points

AED 30,000 minimum with AED 315 a month if below
AED 105 monthly relationship fee and AED 420 to close a corporate account
No company document list or online opening is published
Two branches only
The UAE branch SWIFT code is not published (the code on the site is the Egypt one)

Corporate banking outcomes depend on the bank's internal review, documents, ownership, activity and transaction profile.

Account types

What kind of account do you need with Arab African International Bank (AAIB) UAE

Account type	Who it suits
Corporate bank account for a UAE company	Mainland and free zone companies that need a business account in their own name	View service
Personal bank account for a resident or investor	Residents, investors and shareholders opening an account in their own name	View service
Fintech and digital business account (EMI)	Companies that need a fast digital account instead of a traditional bank	View service
KYC and bank document preparation	Applicants asked for extra documents, source of funds or business proof	View service
Reapplication after a bank account rejection	Companies already refused by a bank and reapplying	View service

Open an Account with Arab African International Bank (AAIB) UAE

How it works

Arab African International Bank (AAIB) UAE account opening

From request to activation - what happens and how long it takes.

Branch Based

AAIB publishes no account opening time for companies; accounts are opened with a signed application form.

Send your request

account type, emirate, company and activity

Eligibility check

a consultant confirms what Arab African International Bank (AAIB) UAE asks for in your case

Documents

trade licence, shareholder papers, proof of business activity

Application

submitted to the bank, with a meeting or online onboarding

Compliance review and activation

the bank reviews, then the account and online banking open

You will need: Trade licence Shareholder papers Proof of business activity Full requirements

Timelines depend on the bank's review Open an Account with Arab African International Bank (AAIB) UAE

Preparation

What to prepare before approaching this bank

A practical checklist. Complete documents do not guarantee approval - the bank makes the decision.

AAIB publishes no company document list for the UAE; ask the bank for its list A signed account opening application form Keep at least AED 30,000 to avoid the AED 315 monthly charge

Missing something from this list? A consultant can prepare the file with you - use the request button.

Preparation quality matters

AAIB publishes no company document list for the UAE; the bank sets the requirements, and the account starts once you sign the application form.

Arab African International Bank operates its UAE branches under a licence from the Central Bank of the UAE and applies standard KYC and AML checks.

Timeline expectations

Timelines depend on the bank's review.

Open an Account with Arab African International Bank (AAIB) UAE

Complaints & escalation

Official complaint path

If you have an issue with the bank, use the official channels below. A review on Emirae is not a formal complaint.

Regulated by Sanadak / Central Bank of the UAE

How to raise an issue

First use the bank's own complaint and support channels and follow its published process.
If the issue is not resolved and the case is eligible, external escalation may be reviewed through the relevant consumer protection route.
Keep records of your correspondence and reference numbers throughout.

Start with your branch or the UAE contact centre 800 2242 (complaints_uae@aaib.com). If the complaint is not resolved and the case is eligible, you can escalate to Sanadak.

A review on this page is not a formal complaint. For official escalation, use the links provided.

Official bank complaint pagewww.aaib.com Consumer protection escalation routesanadak.gov.ae

Reviews

Moderated user experiences with this bank. Reviews are verified by email and checked before publication.

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Reviews are verified by email and reviewed before they appear publicly.

Reviews are not formal complaints. For official complaint routes, use the bank's complaint channel or the relevant escalation path.

FAQ

Frequently asked questions

Common questions about this bank. Answers are editorial and do not confirm eligibility, approval or account terms.

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What is the minimum balance for an AAIB corporate account in the UAE?

AED 30,000, with AED 315 a month if the balance falls below.

Does AAIB UAE charge a monthly fee?

Yes, a relationship fee of AED 105 a month on the corporate account.

How much does it cost to close an AAIB corporate account?

AED 420 under the September 2024 tariff.

Where is Arab African International Bank in the UAE?

Branches in Dubai and Abu Dhabi (Kamala Tower, Zayed the First Street, Al Khalidiya).

What is the AAIB UAE SWIFT code?

The UAE branch code is not published; the code ARAIEGCX on the site belongs to Egypt.

Who owns Arab African International Bank?

The Central Bank of Egypt and a Kuwaiti government investment authority each own 49.37%.

What do transfers cost at AAIB UAE?

Within the UAE AED 36.75 in AED, abroad AED 105 plus correspondent charges of AED 157.50, VAT included.

How do I contact AAIB in the UAE?

UAE contact centre 800 2242; complaints_uae@aaib.com.

Compare

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Arab African International Bank (AAIB) UAE This page

Opening mode: Branch Based
Difficulty: Moderate
Regulator: Sanadak / Central Bank of the UAE
Head office: Dubai
Best for: Trading Companies, Corporate
Monthly fee: AED 105
Min. average balance: AED 30,000, corporate account

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Opening mode: Hybrid
Difficulty: Moderate
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Best for: Small Businesses, Trading Companies, Corporate, Holdings
Monthly fee: AED 131.25, monthly service fee, VAT included
Min. average balance: None, SmartStart; Business Choice Gold AED 50,000, Platinum AED 100,000

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Difficulty: Moderate
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Money rows - Source: AAIB UAE Tariffs and Charges (effective 1 September 2024), fees inclusive of VAT, retrieved 2026-10-03.

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