Welcome to Ahli United Bank

Home / About Ahli United Bank
		September 2008 AUB SECURES US$ 800 MILLION SYNDICATED LOAN FACILITY Ahli United Bank today announced that it has secured a US$ 800 million Syndicated Loan Facility. The facility, signed on 5 September 2008 in London, was very successful with syndication closing substantially oversubscribed on an initial launch amount of US$ 500 million. read more July 2008 AHLI UNITED BANK REPORTS ANOTHER RECORD NET PROFIT OF US$ 211.7 MILLION FOR THE FIRST HALF OF 2008 Ahli United Bank B.S.C. (AUB or Group) has announced a 40.5% rise in net profits for the first half of 2008 of US$ 211.7 million, as compared to the same period last year. This reflects a continuing trend of increasing profitability achieved since inception in very competitive and challenging market conditions. read more June 2008 EUROMONEY NAMES AHLI UNITED BANK ‘BEST BANK IN BAHRAIN 2008’ Ahli United Bank (AUB) has been named ‘Best Bank in Bahrain 2008’ by the prestigious London- based capital markets publication, Euromoney. The ‘Best Bank in Bahrain 2008’ award marks AUB’s fourth major win this year. Earlier this month, AUB was the first ever recipient of AsiaMoney’s ‘Best Commercial Bank in Bahrain’ award. The bank was also named ‘Best Bank in the Middle East 2008’ and ‘Best Bank in Bahrain 2008’ by Global Finance magazine for the third consecutive year. read more May 2008 AHLI UNITED BANK RECORDS A 37% INCREASE IN NET PROFITS TO US$ 94.3 MILLION FOR THE FIRST QUARTER OF 2008 Ahli United Bank B.S.C. (AUB) has announced another record net profit of US$ 94.3 million for the first quarter ended 31 March 2008 representing an increase of 37% over the same period in 2007 (US$ 68.9 million). read more April 2008 AHLI UNITED BANK AND LEGAL & GENERAL GROUP SIGN MOU TO ESTABLISH A REGIONAL LIFE INSURANCE COMPANY Ahli United Bank BSC today (3rd April 2008) announced that it has signed a Memorandum of Understanding with the UK-based Legal & General Group Plc to set up a new joint venture company, subject to necessary regulatory and statutory approvals. The joint venture will initially offer a range of takaful life and health insurance products and pension plans to retail and corporate customers in the Gulf region. read more March 2008 AHLI UNITED BANK AWARDED “BEST BANK IN THE MIDDLE EAST” BY GLOBAL FINANCE Global Finance, the well respected US magazine specializing in international finance, announced that it has awarded Ahli United Bank (AUB) the “Best Bank in the Middle East” award for 2008. AUB was also simultaneously awarded “Best Bank in Bahrain 2008”. read more February 2008 AHLI UNITED BANK RELEASES 2007 YEAR END RESULTS Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has announced today its results for 2007. The Bank has reported a consolidated net profit, attributable to the Bank’s equity shareholders, of US$ 296.3 million for the year ended 31 December 2007, an increase of 42.8% over the previous year (US$ 207.5 million). read more December 2007 AHLI UNITED BANK NAMED ‘BEST FOREIGN EXCHANGE BANK IN THE MIDDLE EAST 2008’ Ahli United Bank B.S.C. (AUB) has been named ‘Best Foreign Exchange Bank in the Middle East 2008’ by Global Finance magazine, the New York-based banking publication. read more December 2007 AHLI UNITED BANK ANNOUNCES SUCCESSFUL COMPLETION OF PRE-EMPTIVE SHARE OFFER Ahli United Bank BSC (AUB) has announced the successful completion of its pre- emptive share offer, launched on 8th November, 2007. A total of 364,025,764 shares were subscribed representing 121% of the issue size of 300 million shares. read more December 2007 AHLI UNITED BANK NAMED ‘BANK OF THE YEAR BAHRAIN 2007’ BY THE BANKER MAGAZINE Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been named ‘Bank of the Year - Bahrain’ for 2007 by The Banker magazine, a widely respected publication and part of the UK’s Financial Times Group. read more November 2007 AHLI UNITED BANK’S RIGHTS ISSUE OF 300 MILLION ORDINARY SHARES OPENS ON 18 NOVEMBER 2007 The Pre-emptive Rights Issue of Ahli United Bank B.S.C. (AUB) opens on 18 November 2007. The Offer consists of issue of 300 million ordinary shares of US$0.25 nominal value each at the rate of US$1.01 per share including issue expense of US$0.01 per share on a pro-rate basis of 100 ordinary shares for every 1001 ordinary shares held on the record date of 13 November 2007.The subscription period opens on 18 November 2007 and closes on 2 December 2007. read more October 2007 AHLI UNITED BANK LAUNCHES Al HILAL ISLAMIC BANKING IN BAHRAIN Ahli United Bank B.S.C. (AUB) launched its Islamic Banking services in the Kingdom of Bahrain with the inauguration of its first Islamic banking branch in Arad. The services under the brand name of Al Hilal Islamic Banking Services, were inaugurated by members of AUB’s Sharia Advisory and Supervisory Board with senior officials of the Bank in attendance. read more October 2007 AHLI UNITED BANK REPORTS ANOTHER RECORD PROFIT OF $ 225.9 MILLION TO 30 SEPTEMBER 2007 Ahli United Bank B.S.C. (AUB) has reported a net profit of US$ 225.9 million for the nine month period ended 30 September 2007, an increase of 37.5% over the same period in 2006 (US$ 164.3 million). This strong performance reflects the success of AUB’s business model executed through organic growth and regional acquisitions, whilst pursuing prudent and diverse risk management strategies. Furthermore it represents a continuing trend of year on year improved performance trends since inception. read more October 2007 AHLI UNITED BANK AND ARAB BANKING CORPORATION TO FINANCE US$ 480 MILLION PORT DEVELOPMENT IN EGYPT New infrastructure project set to boost regional trade Ahli United Bank B.S.C. (AUB) and Arab Banking Corporation (ABC) today announced the signing of a landmark US$ 480 million facility agreement with Damietta International Port Company (DIPCO). The facility will be used to finance the development of a new container terminal, set to be the largest of its kind in the Middle East, within the Port of Damietta on Egypt’s Mediterranean coast. read more July 2007 AHLI UNITED BANK REPORTS ANOTHER RECORD NET PROFIT OF US$ 150.7 MILLION FOR THE FIRST HALF OF 2007 Ahli United Bank B.S.C. (AUB) has announced their results for the first half of 2007. Net profit of US$ 150.7 million attributable to its equity shareholders has been announced for the half-year period ended 30 June 2007, an increase of 39.7 % over the same period in 2006 (US$ 107.9 million), thus surpassing consistently the prior years trends. read more June 2007 AHLI UNITED BANK WINS “BEST BANK IN THE MIDDLE EAST” AWARD FROM EUROMONEY Euromoney, the pre-eminent international finance magazine, named Ahli United Bank (AUB) “Best Bank in the Middle East” at a ceremony held in Abu Dhabi, U.A.E. AUB was also awarded “Best Bank in Bahrain”. read more June 2007 AHLI UNITED BANK AGREES TO ACQUIRE 35% STRATEGIC STAKE IN ALLIANCE HOUSING BANK IN OMAN Ahli United Bank (AUB) announced that it has signed a memorandum of understanding (MOU) with Alliance Housing Bank SAOG (AHB) of Oman. Under the terms of the MOU, AUB will acquire 35 percent of AHB through its full subscription of AHB’s proposed new capital increase. AUB will acquire a total of 113 million common shares for a total consideration of OR 50.9 million subject to obtaining all necessary regulatory and shareholder approvals in Bahrain and Oman. read more April 2007 AHLI UNITED BANK REPORTS A 14% INCREASE IN NET PROFITS TO US$68.9 MILLION FOR THE FIRST QUARTER OF 2007 Ahli United Bank (AUB), one of the region’s leading banks, has announced a net profit, attributable to its equity shareholders, of US$68.9 million for the quarter ended 31 March 2007, an increase of 13.9% over the same period in 2006 read more March 2007 AHLI UNITED BANK WINS “BEST BANK IN THE MIDDLE EAST” AWARD FOR SECOND CONSECUTIVE YEAR Ahli United Bank (AUB), one of the region’s leading banks, has been awarded ‘Best Bank in the Middle East 2007’ by the reputed magazine, Global Finance for the second year in a row, an honour achieved by very few other banks. read more March 2007 AHLI UNITED BANK WINS SHAIKHA SABEEKA AWARD FOR WOMEN’S EMPOWERMENT Ahli United Bank B.S.C. (AUB) has won the Shaikha Sabeeka Award for Bahraini Women’s Empowerment. The announcement was made by HH Shaika Sabeeka Bint Ibrahim Al-Khalifa at a ceremony held at the Supreme Council, Riffa. AUB won the award in the private sector category ahead of 8 other private sector institutions. read more February 2007 AHLI UNITED BANK RELEASES 2006 RESULTS, BANK ACHIEVES ANOTHER RECORD PROFIT OF US$ 207.5 MILLION Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has announced today record results for 2006. The Bank reported a consolidated net profit, attributable to the Bank’s equity shareholders, of US$ 207.5 million, which represents a 25.8 % increase over the comparable figure for 2005 of US$ 164.9 million. read more December 2006 AHLI UNITED BANK NAMED ‘GLOBAL BANK OF THE YEAR 2006 - THE MIDDLE EAST’ BY THE BANKER MAGAZINE Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been named ‘Global Bank of the Year in the Middle East’ for 2006 by The Banker magazine ahead of all other regional banks. In addition, The Banker magazine, a major international banking publication, named AUB ‘Global Bank of the Year in Bahrain’ for 2006. The Banker magazine is part of the UK Financial Times Group. read more November 2006 IN AN EXCLUSIVE SURVEY BY GLOBAL FINANCE MAGAZINE AUB named “Best Foreign Exchange Bank in the Middle East” Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been named ‘Best Foreign Exchange Bank in the Middle East’ by Global Finance magazine ahead of all other regional banks. Global Finance magazine, one of the industry’s most reputed publications, named the winners of its ‘Best Foreign Exchange Banks and Providers’ by region and country. AUB won the accolade of ‘Best Foreign Exchange Bank’ in both categories, as it was also named the ‘Best Foreign Exchange Bank in Bahrain’. read more November 2006 FITCH UPGRADES AHLI UNITED BANK AND ITS SUBSIDIARIES TO A- RATING Ahli United Bank B.S.C. has announced that the long term rating of the Bank and its major subsidiaries in Kuwait and the United Kingdom have all been upgraded to ‘A-’ (stable) by Fitch Ratings, the international rating agency. read more November 2006 AHLI UNITED BANK ENTERS INTO LANDMARK AGREEMENT WITH THE INTERNATIONAL FINANCE CORPORATION Ahli United Bank B.S.C. today announced the signing of a landmark US$ 200 million loan agreement with the International Finance Corporation (IFC), the private sector arm of the World Bank Group. This is IFC’s largest investment in the region to date. IFC’s loan, will help Ahli United Bank in its successfully pursued strategy of becoming a significant financial group, with a broader network of banks and financial institutions in the region’s developing countries, including Egypt, Iran, Iraq, Lebanon, Oman, and Yemen. read more October 2006 AUB CLOSES US$ 1.2 BILLION SYNDICATED DEPOSIT FACILITY Ahli United Bank today announced a US$ 1.2 billion 3-year syndicated deposit facility, the largest ever syndicated financing deal by any financial institution in the Middle East, had been signed. The facility saw the participation of a total of 51 banks, and was arranged by ABN Amro, BNP Paribas, Commerzbank, Lloyd’s TSB Bank and Mizuho Corporate Bank. The syndication closed heavily oversubscribed having raised over US$ 1.2 Billion from an initial launch amount of US$ 500 Million. read more October 2006 AHLI UNITED BANK REPORTS A 26% SURGE IN NET PROFITS TO US$ 164.3 MILLION FOR THE NINE MONTHS ENDED SEPTEMBER 2006 Ahli United Bank B.S.C. (AUB) has reported a net profit of US$ 164.3 million for the nine month period ended 30 September 2006, an increase of 26% over the same period in 2005 (US$ 130.4 million). read more July 2006 AHLI UNITED BANK REPORTS A 37.2% INCREASE IN NET PROFITS TO US$ 107.8 MILLION FOR THE FIRST HALF OF 2006 Ahli United Bank B.S.C. (AUB) has announced their results for the first half of 2006. Net profit of US$ 107.8 million attributable to its equity shareholders has been announced for the half-year period ended 30 June 2006, an increase of 37.2 % over the same period in 2005 (US$ 78.6 million). read more June 2006 AHLI UNITED BANK RANKED ‘BEST BANK IN BAHRAIN’ BY EUROMONEY MAGAZINE Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been named “Best Bank in Bahrain” for 2006 by Euromoney magazine. The award was presented to the bank at the 2006 Euromoney Awards for Excellence Middle East Dinner held in Doha, Qatar. read more April 2006 AHLI UNITED BANK REPORTS A 56% INCREASE IN NET PROFITS TO US$ 60.5 MILLION FOR THE FIRST QUARTER OF 2006 Ahli United Bank B.S.C. (AUB), has announced a net profit, attributable to its equity shareholders, of US$ 60.5 million for the quarter ended 31 March 2006, an increase of 56% over the same period in 2005 (US$ 38.9 million). read more March 2006 AHLI UNITED BANK NAMED ‘BEST BANK IN THE MIDDLE EAST & AFRICA 2006’ BY GLOBAL FINANCE MAGAZINE Ahli United Bank B.S.C. (AUB) has been named “Best Bank in the Middle East and Africa” by Global Finance magazine, a renowned international banking and finance journal. read more March 2006 AHLI UNITED BANK RELEASES 2005 YEAR END RESULTS Ahli United Bank B.S.C. (AUB), one of the region's leading banking institutions, has announced today its results for 2005. A consolidated net profit of US$164.9 million was reported for the year ended 31 December 2005, an increase of 54.8% over the previous year (US$ 106.5 million). read more February 2006 AHLI UNITED BANK RANKED ‘BEST LOCAL PRIVATE BANK IN THE REGION’ BY EUROMONEY MAGAZINE Ahli United Bank B.S.C. (AUB), one of the region’s leading banking institutions, has been ranked “Best Local Private Bank in the Middle East” for 2006 by Euromoney magazine ahead of all other regional banks providing private banking and wealth management services. read more January 2006 AHLI UNITED BANK SIGNS US $30 MILLION AGREEMENT WITH THE ARAB TRADE FINANCING PROGRAM Ahli United Bank B.S.C. (AUB), one of the Kingdom’s leading banking institutions, has signed an agreement with the Arab Trade Financing Program (ATFP) which will allow the bank to extend ATFP’s credit facility of US $ 30 million to its customers to support foreign trade flows. read more December 2005 AHLI UNITED BANK (AUB) ACQUIRES 49% STAKE IN COMMERCIAL BANK OF IRAQ, IRAQ’S LEADING PRIVATE SECTOR BANK Ahli United Bank BSC (AUB), one of the region’s leading regional banking institutions, announced that it has completed the acquisition of 49% stake in the Commercial Bank of Iraq, one of the largest private banks in Iraq. read more November 2005 AHLI UNITED BANK COMPLETES US $100 MILLION SUBORDINATED DEBT ISSUE Ahli United Bank B.S.C. (AUB) has announced the completion of the issuance of a US $100 million Lower Tier II Subordinated Floating Rate Note. read more October 2005 AHLI UNITED BANK REPORTS A 53.4% INCREASE IN NET PROFIT TO US$130.4 MILLION FOR THE PERIOD ENDED 30 SEPTEMBER 2005 Ahli United Bank B.S.C. (AUB) has announced a net profit of US$130.4 million for the first nine months of 2005, an increase of 53.4 percent over the same period in 2004 (US$85.0 million). read more October 2005 AHLI UNITED BANK RECEIVES AWARD FOR OPERATING EXCELLENCE JPMorgan Chase Selects AUB for Elite Quality Award Ahli United Bank B.S.C. (AUB), one of the Gulf’s leading Banking institutions, has been presented with the prestigious ‘Elite Quality Recognition Award’ for the eighth consecutive year by JP Morgan Chase, a leading global financial services firm. The award was given in acknowledgement of the bank’s consistently outstanding and high quality operational performance in the area of funds transfers and trade finance activity. read more September 2005 AHLI UNITED BANK LAUNCHES CUSTOMISED PERSONAL PORTFOLIO MANAGEMENT Partnership Brings Multi-Manager Investing to Customers Ahli United Bank B.S.C., one of the Gulf’s leading financial services institutions, today announced the launch of their new partnership with Russell Investment Group (Russell), a pioneer of multi-manager investing for over 30 years, enabling them to bring world-class Multi-Manager services to pan-gulf private banking clients. read more August 2005 AHLI UNITED BANK (AUB) INCREASE STAKE IN BANK OF KUWAIT & THE MIDDLE EAST (BKME) TO 75%. Ahli United Bank BSC (AUB) announced that it has completed the acquisition of 138.2 million shares or 19.6% of the issued capital of the Bank of Kuwait & the Middle East KSC (BKME), one of the leading commercial banks in Kuwait. This acquisition is part of a major transaction involving the exchange of 208.2 million shares, representing 29.6% of the issued capital of BKME, of which 70 million shares, 9.9% of the issued capital, were acquired by BKME’s treasury and the balance were directly purchased by AUB. The transaction has a total value of KD 124.1 million (US$ 427.9 million). read more July 2005 AHLI UNITED BANK REPORTS A 25.1% INCREASE IN NET PROFITS TO US$ 78.6 MILLION FOR THE FIRST HALF OF 2005. Ahli United Bank B.S.C. (AUB) has announced a net profit of US$78.6 million for the first half of 2005, an increase of 25.1 percent over the same period in 2004 (US$ 62.8 million). read more June 2005 SENIOR ADVISOR APPOINTED TO AHLI UNITED BANK BOARD OF DIRECTORS. Ahli United Bank (AUB), one of the Gulf’s leading banking institutions, recently announced the appointment of H.E. Karl Otto Pohl as a Senior Advisor to their Board of Directors. Dr. Pohl, a former Governor of the German Central Bank (Deutsche Bundesbank), brings over 35 years of industry experience with him. read more May 2005 MERGER OF AHLI UNITED BANK (BAHRAIN) B.S.C (c) WITH AHLI UNITED BANK B.S.C. Ahli United Bank B.S.C ("AUB") is the 100% shareholder of Ahli United Bank (Bahrain) B.S.C. (c) ("AUBB") and is now proceeding to merge the business of the two banks. read more May 2005 AHLI UNITED BANK REPORTS A 17% INCREASE IN NET PROFITS TO US$ 38.9 MILLION FOR THE FIRST QUARTER OF 2005 Ahli United Bank (AUB) has announced a net profit of US$ 38.9 million for the quarter ended 31 March 2005, an increase of 17 percent over the same period in 2004 (US$ 33.2 million). read more