Saturday 25 April 2015
 
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Ahli United Bank

Ahli United to raise $400m via Tier 1 bond

Bahrain's Ahli United Bank has set the final yield for a $400 million Tier 1 bond issue that will enhance its capital reserves and will price later on Wednesday, a document from lead arrangers showed. The lender set a final yi

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Ahli United Bank appoints new chairman

Ahli United Bank (AUB), Bahrain's largest lender, has appointed Hamad Al-Humaidhi as chairman, it said in a statement on Wednesday. Al-Humaidhi takes over from acting chairman Mohamed Al-Marzooq, who had been in the position s

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Kuwait freezes assets of former AUB chairman

Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank, a report said. It was reported yesterday that former Ahli United Bank (AUB) chairman Fahad Al Rajaan had re

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Ahli United to convert IFC debt into shares

Ahli United Bank, Bahrain's largest lender, received a request from the International Finance Corporation (IFC) to convert subordinated debt to shares in the bank, it said in a statement on Sunday. The bank did not disclose ho

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AUB reports $262.5m profit in H1

Ahli United Bank (AUB) has reported a net profit of $262.5 million for the half year ended June 30. This reflected an increase of 38.1 per cent over the core net profit of $190.1 million achieved in H1/2013, a statement said. &

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AUB reopens branch after renovation

Ahli United Bank (AUB) has announced the reopening of its Sanabis branch, resuming full banking services to its large base of retail and commercial customers in the area and beyond. The branch reopened following a complete renovat

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Bahrain's Ahli United eyes sale or merger: sources

Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a strategic peer in a possible $5 billion deal, several bankers familiar with the situation said. After previous sale attempts to a bank

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Maiden profit for Bahrain start-up firm

Bahrain-based insurance company Legal & General Gulf has reported its first-ever annual profit for last year. Incorporated in 2009, the company is a 50:50 joint-venture between Legal & General Group of the UK and Bahrain-b

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Ahli United eyes Mideast acquisitions

Bahrain-based Ahli United Bank (AUB) continues to seek opportunities to develop its banking franchise in the region through acquisitions and expansion of its existing network, said its chairman. Fahad Al Rajaan told the Gulf Daily

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AUB net profit soars to $579m

Bahrain-based Ahli United Bank (AUB) has reported a a record net profit of $579.4 million for 2013, up 72.6 per cent when compared to $335.7 million the year before. This included an exceptional non-recurring gain of $212.9 millio

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