Chinguitty Bank was established in the Islamic Republic of Mauritania under the agreement signed on June 20, 1972, as part of a partnership between two sister Arab countries, the Islamic Republic of Mauritania and Libya.
Its shareholders are:
- Islamic Republic of Mauritania which is a main shareholder holding 28.58% of the capital. It is represented by the Ministry of Finance.
- Libyan State, represented by Libyan Foreign Bank, holding 71.42% of the capital.
Libyan Foreign Bank was established in 1972 with a capital of USD 8,700,000,000.00 – 100% owned by the Central Bank of Libya.