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.
AUBB, therefore, gives notice to all its customers, correspondents and all other parties having contractual relationships with it, and to the public generally that with effect 1 July 2005 all assets, liabilities and engagements of Ahli United Bank (Bahrain) B.S.C (c) will be transferred to AUB and therefore all contracts entered into with Ahli United Bank (Bahrain) B.S.C. (c) prior to that date will become contracts with AUB and no action will have to be taken by customers and correspondents to effect the transfer.
All Customers and correspondents and all other parties having contractual relationships with Ahli United Bank (Bahrain) B.S.C. (c) are, therefore, advised to contact AUBB on any of the following telephone numbers -17221781, 17290255 or 17736622, if they have any queries about the transfer and its effect on their banking and other relationships.
In accordance with article 315 of the Commercial Companies Law (Legislative Decree No. 21/2001) of Bahrain, any person having any claim against Ahli United Bank (Bahrain) B.S.C (c) may file an objection in writing addressed to Seef Head Office Branch PO. Box. 2424, Manama, Bahrain, within 60 days from the date of this notice.
Mr. Al-Rajaan concluded, “It is our aim to continue enhancing the Bank’s profile and reputation in the Gulf region so that we are recognized as a premier retail, corporate and private banking institution with established OECD asset origination and distribution capabilities.