The Yemen Commercial Bank is a Yemeni closed joint-stock company established in accordance with Central Bank of Yemen's decree No 2783 dated 28/1/1993. The Bank was given the commercial permit by the Ministry of Trade and Supplies based on the Trade and Supplies Minister's decree No. 32/1993 . An elite group of Yemeni businessmen contributed in the establishment of the Bank with 90% of the capital, and 10% belongs to the Yemeni Petroleum Company.