The Yemen Bank for Reconstruction and Development was established in Sanaa, the Republic of Yemen, as a public joint stock company on the twenty eighth of October 1962 (28/10/1962) with domestic capital an amount of YR 10,000,000 (Yemeni Riyals ten million) with joint equity between the Government of Yemen in a percentage of 51% and the private sector in a percentage of 49% of the paid up capital for each.