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Group Information

About

Overview

About

Overview

About > Overview > Group Information

Group Information

As a premier regional bank present in 8 countries in the Middle East and United Kingdom, we provide our clients with international growth opportunities.

Our network is constantly growing, and today we are proud to manage 5 subsidiaries and 2 associates operated through a network of 145 branches and 3,900+ team members.

Ownership in Group Entities

• Ahli United Bank B.S.C – 100%

• Ahli United Bank B.S.C. (DIFC Branch) – 100%

• Ahli United Bank (UK) P.L.C – 100%

• Alhilal Islamic – 100%

• Ahli United Bank (Egypt) S.A.E – 85.5%

• Ahli United Bank K.S.C.P – 74.9%

• Ahli Bank S.O.A.G – 35%

• Commercial Bank of Iraq P.S.C – 75%

• United Bank for Commerce & Investment S.A.L. – 40%

Business Divisions

The Group’s operations are divided into four core business divisions, all of which offer Islamic finance products, which are as follows:

The Group’s Corporate Banking division is responsible for the Issuer’s more capital-intensive activities in risk asset generation and includes Corporate Loans, Trade Finance, Commercial Property Finance and Specialised Finance. The division principally handles loans and other credit facilities, deposit and current accounts for corporate and institutional customers.

The Group’s Treasury and Investments division is responsible for the Issuer’s more capital-intensive activities in risk asset generation and funding through Treasury and Investment related activities. It also provides money market, trading and treasury services, and is responsible for the management of the Group’s funding.

The Group’s Retail Banking division principally handles individual customers’ deposits and provides current accounts, savings plans, savings certificates, time deposits (both treasury deposits and call deposits), loans (consumer, mortgage and auto loans), credit card products, internet and SMS banking.

The Retail Banking division seeks to leverage its business model across the markets with the aim of establishing a standard range of products with centralisation of back office functions to enhance sales and service and deliver balance sheet growth and profitability across the regional network.

The Group’s Private Banking and Wealth Management division is less capital intensive and principally services high net worth clients and provides private banking services (including investment products, trust services and real estate investment services), asset management services, real estate fund management services and Islamic finance products.

The division has alliances with firms such as Franklin Templeton, Mellon Global Investments, Henderson Global Investors, Russell Investment Group, Allfunds Bank, Aviva Investors, Jones Lang LaSalle, MapleTree (a subsidiary of Temasek) and Man Investments. Such alliances allow the Group to provide a wide range of products in the areas of asset management and real estate fund management to its institutional and high net worth clients. The division also provides specific expertise in risk profiling, asset allocation, product selection and due diligence. The division seeks to launch new, diversified products to meet its clients’ requirements.

Islamic Finance

The Group provides Shari’a-compliant banking products and services through its dedicated Islamic banking subsidiary, Ahli United Bank K.S.C.P., through Ahli United Bank (UK) PLC and through the Issuer itself in Bahrain across its core business divisions. In April 2010, the Bank of Kuwait and the Middle East was converted into a fully Shari’a-compliant Islamic banking institution and was re-branded as Ahli United Bank K.S.C. In the first quarter of 2013, the Group also launched Islamic banking services through its associate in Oman, Ahli Bank S.A.O.G., by establishing seven Islamic banking branches, adding to the five Islamic banking branches it has established in Bahrain.

The Group has its own Shari’a Board comprising prominent Islamic scholars, and has installed an integrated IT system to process Islamic banking products. Islamic banking services were formally established under the Group brand name, Al-Hilal, and a range of Shari’a-compliant products are now available for the Group’s corporate, commercial and retail customers. The Group also offers ancillary Shari’a-compliant insurance products through Al Hilal Life.

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