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
Bahrain-based Ahli United Bank (AUB) Group may raise $4 billion in bonds, loans or any other similar subordinated financial instruments, following shareholder approval for the proposal, it has emerged.
The election of Hamad Al Hum
Ahli United Bank (AUB) posted a 37.6 per cent rise in fourth-quarter net attributable profit on Sunday as Bahrain's largest lender benefited from higher fee income and strong lending.
Net attributable profit for the three mont
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
The International Finance Corporation (IFC) has completed the conversion of $100 million subordinated debt advanced to Bahrain-based Ahli United Bank (AUB) into ordinary shares in the bank.
The debt has been converted into more th
Bahrain-based Ahli United Bank (AUB) has been recognised as the "Private Bank of the Year - Bahrain" at the Global Private Banking Awards 2014.
The awards are a joint initiative by The Banker and Professional Wealth Mana
Ahli United Bank (AUB) reported a net profit attributable to its shareholders of $376.3 million for the nine months ended September 30 this year.
This reflected an increase of 30.1 per cent over the core net profit of $289.3 milli
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.
Qatar's bourse continued to outperform the region on Thursday but failed to break through major technical resistance.
Meanwhile, Ahli United Bank lifted Bahrain's stock market on news it might be sold or merge.
Ahli United Bank , Bahrain's largest lender, said on Thursday it couldn't comment on a Reuters story linking it with a possible sale or merger deal.
"This news has not been issued from the bank's management and we