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Ahli United Bank increases ownership stake to 79.6% in Ahli United Bank (Egypt)

Ahli United Bank B.S.C. (AUB) announced an increase in its stake in Ahli United Bank, Egypt (AUBE) from 35.3% to 79.6%, completed through a formal tender offer to all AUBE shareholders. Fahad Al Rajaan, Chairman of AUB & AUBE commented “we are pleased by the increase and consolidation of our stake in AUBE. This was achieved by a path breaking innovated tender offer, applied for the first time in Egypt, providing all shareholders a choice between a full cash sale or a security exchange fully in a transparent and equitable manner”.
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AUB named ‘Bank of the Year- Bahrain, 2009’ for Fourth Consecutive Year by the Banker

Ahli United Bank B.S.C. (AUB) has been named ‘Bank of the Year - Bahrain’ for 2009 by the highly respected The Banker magazine. This is the fourth year running AUB has won the award by this affiliate publication of the UK’s Financial Times Group. 
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