Native name | البنك الأهلي المتحد |
|---|---|
| Industry | Banking,Financial services |
| Headquarters | , Bahrain |
Number of locations | 147Branches |
Area served | Bahrain Kuwait United Arab Emirates United Kingdom Egypt Iraq Oman Libya |
Key people | Meshal AbdulAziz Alothman[1][2] (chairman) Hala Hatem Sadek[1] (CEO) |
| Products | Financial services |
| Services | Banking |
 USD 1,124.3 million (Q4 2018) | |
| USD 940.5 million (Q4 2018) | |
| Total assets | USD 35.5 billion (Q4 2018) |
| Total equity | USD 3.9 billion (Q4 2018) |
Number of employees | 3901[3] |
| Website | https://www.ahliunited.com |
Ahli United Bank (Arabic:البنك الأهلي المتحد) is a regionalbank based inBahrain.[4] Its head office is situated at Manama and is the largest bank inBahrain.[5][6] It is present in 8 countries in the Middle East and United Kingdom. Ahli United bank's ordinary shares are listed onBahrain Stock Exchange since August 2000[7] and theKuwait Stock Exchange since June 2006.[8]
Ahli United Bank established in May 2000 following a merger between The United Bank of Kuwait and Al-Ahli Commercial Bank, and it is licensed by theCentral Bank of Bahrain under aretail banking license. Following the merger, both entities became fully owned subsidiaries of Ahli United Bank.
Kuwait Finance House initiated discussions about a possible merger with Ahli United Bank in July 2017. However, the deal encountered delays, with theCentral Bank of Kuwait requesting a reassessment in March 2020 due to theCOVID-19 pandemic. In 2022, Kuwait Finance House's completed its acquisition of Ahli United Bank for $11.6 billion. The acquisition created a lender with approximately $121 billion in assets.[9]
The AUB (Ahli United Bank) Group providesretail banking,corporate banking,treasury andinvestment services,private banking andwealth management services and Islamic banking products and services. Additionally, the Group also provides life insurance products in both conventional andTakaful schemes.
In 2016, Ahli United Bank started its operations in theUAE through Ahli United Bank Limited (AUBL) in DIFC,Dubai, under a category 1 license.[10]
In 2018, Ahli United Bank signed an agreement with Bahrain’s labor fund,Tamkeen, to provide aBHD 40 million portfolio for subsidized financing to eligible medium and large-sized enterprises inBahrain.[11]
The AUB Group operations consist of four core business divisions, all also offering Islamic finance products: Corporate Banking, Treasury and Investments, Retail Banking, Private Banking and Wealth Management.[13][14]
Ahli United Bank providesSharia-compliant banking services through theIslamic banking subsidiary, Ahli United Bank K.S.C.P., Ahli United Bank (UK) PLC. In April 2010, the Bank of Kuwait and the Middle East was converted to a fullySharia-compliant Islamic banking institution, and its name was changed to Ahli United Bank K.S.C. After that, the Group launched Islamic banking services in the first quarter of 2013, through an associate inOman, Ahli Bank S.A.O.G. The AUB Group launched its Islamic banking services formally under the name, Al-Hilal.[15][16][17]
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