Ahli United Bank BSCC

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News

17 June 2021 00:37 PM Kuwait's Ahli United Bank lists $600m Sukuk on Nasdaq Dubai

UAE - Mubasher: Nasdaq Dubai has welcomed the listing of a $600 million Sukuk by Ahli United Bank (AUB), a Kuwaiti financial institution. The Tier 1 Capital Certificates has attracted over $ 1.7 billion in orders, according to a press release on …

Sukuk and Islamic Finance

25 October 2020 05:51 PM AUB provides update on AUB Egypt acquisition

Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) said that the public tender offer to increase its stake in its unit in Egypt ended on 22 October. During the tender offer period, Ahli United Bank – Egypt’s shareholders tendered their shares, …

Mergers and Acquisitions

21 September 2020 06:12 PM Egypt's FRA approves AUB Egypt acquisition offer

Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the purchase offer submitted by Ahli United Bank – Bahrain (AUB Bahrain) and Misr Strategia Investment (MSI) to acquire Ahli United Bank - Egypt (AUB Egypt). AUB Bahrain …

Corporate Actions

15 September 2020 02:04 PM Egypt's FRA studies offer to acquire AUB Egypt

Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) said an optional purchase offer draft was submitted by Ahli United Bank – Bahrain (AUB Bahrain) and an Egyptian investment firm to invest on the shares of Ahli United Bank - Egypt (AUB …

Corporate Actions

7 May 2020 10:53 AM Kuwait C. bank asks KFH to reassess AUB’s acquisition

Mubasher: Kuwait Finance House (KFH) has received a letter from the Central Bank of Kuwait (CBK) on Tuesday, 5 May, requesting KFH to conduct a comprehensive reassessment of its acquisition of Bahrain’s Ahli United Bank (AUB). The reassessment …

Board of Directors

21 April 2020 10:29 AM AUB's shareholders approve 15% dividends, 5% bonus shares

Mubasher: The shareholders of Ahli United Bank (AUB) have approved to pay out cash dividends equivalent to 15% of the share's nominal value or 15 fils per share for fiscal year (FY) 2019. During the ordinary general meeting (OGM), shareholders …

General Assembly

19 April 2020 04:47 PM Seef Properties concludes BHD 4.5m Murabaha facility deal with AUB

Mubasher: Seef Properties has concluded a Sharia-compliant Murabaha facility agreement worth BHD 4.5 million with Bahrain’s Ahli United Bank (AUB) to finance working capital requirements. The agreement carries a maturity period up to two years, …

Companies Investments

12 April 2020 03:49 PM KFH, AUB acquisition procedures delayed until December

Mubasher: The board of directors of Ahli United Bank (AUB) has approved suspending all acquisition offer procedures in Kuwait and Bahrain until December 2020 in coordination with Kuwait Finance House (KFH). The decision was subject to the Central …

Mergers and Acquisitions

23 March 2020 00:06 PM KFH amends timeline of AUB’s acquisition deal

Mubasher: Kuwait Finance House (KFH) has amended the timeline applicable to its acquisition offer of Bahrain’s Ahli United Bank’s (AUB) total issued share capital in response to Kuwait’s decision to suspend work in public entities until 12 April, …

Banking and Finance

19 March 2020 03:09 PM AUB approves 5 cents/shr dividends for 2019

Mubasher: Ahli United Bank’s (AUB) ordinary general meeting (OGM) on Thursday approved distributing a cash dividend of $0.05 per share, or 20% of the ordinary share’s nominal value, for the fiscal year (FY) 2019. In addition, a 10% bonus share …

Banking and Finance

1 March 2020 03:10 PM KFH's takeover of AUB set to take place in May

Mubasher: Kuwait Finance House (KFH) announced that the initial offering of its acquisition offer for 100% of Ahli United Bank (AUB) capital shares will begin on 26 March 2020 until 15 April 2020, and could be extended.  The acquisition is set to …

Banking and Finance

1 March 2020 09:49 AM KFH submits document for Bahrain’s AUB acquisition deal

Mubasher: Kuwait Finance House (KFH) has submitted the document for its acquisition offer for 100% of Ahli United Bank (AUB) capital shares. The step comes in line with the requirements of the regulatory authorities in Kuwait and …

Companies Investments

9 February 2020 09:54 AM AUB records 4.7% higher profits in 2019; dividends proposed

Mubasher: Ahli United Bank's (AUB) net profits attributed to shareholders increased by 4.7% on an annual basis over the fiscal year ended on 31 December 2019 to stand at $730.5 million from $697.5 million.    Earnings per share (EPS) totalled 7.9 …

Board of Directors

6 February 2020 01:45 PM KFH to change AUB’s name to ‘KFH Bahrain’ following merger

Mubasher: Kuwait Finance House (KFH) intends to change the name of Ahli United Bank (AUB) to Kuwait Finance House – Bahrain (KFH Bahrain) following the merger once the bank determines the proper timing. AUB will continue to operate normally and …

Companies Investments

5 February 2020 04:07 PM KFH officially submits acquisition offer to AUB

Mubasher: Kuwait Finance House (KFH) has submitted a letter of intent to Ahli United Bank (AUB) in regards to its proposed full takeover of AUB’s shares, in compliance with the requirements of regulatory authorities in Bahrain and Kuwait.    The …

Banking and Finance

4 February 2020 10:18 AM AUB Kuwait's profits rise 7.3% in 2019; dividends proposed

Mubasher: The profits of Ahli United Bank – Kuwait (AUB Kuwait) increased by 7.3% on an annual basis during the fiscal year ended 31 December 2019, driven by higher business growth.      The bank achieved profits worth KWD 55.02 million ($180.75 …

Cash Dividends

27 January 2020 09:38 AM AUB says no official acquisition offer made by KFH to date

Mubasher: Ahli United Bank (AUB) announced that no significant developments concerning the proposed takeover of the bank of by Kuwait Finance House (KFH) have taken place until the present time.     It further added that no official acquisition …

Mergers and Acquisitions

20 January 2020 03:59 PM KFH, AUB merger to generate higher profits; BHB listing approved

Mubasher: The chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al Marzouk stressed that the bank focuses on merger and acquisition opportunities, CNBC Arabia reported on Monday. He noted that KFH’s merger with Bahrain’s Ahli United Bank …

Board of Directors

24 October 2019 00:52 PM AUB sees 5.9% higher profit in Q3-19

Mubasher: Ahli United Bank (AUB), the dual-listed bank on Bourse Kuwait and Bahrain Bourse (BHB), announced a 5.9% year-on-year increase in profit during the third quarter of 2019. The net profit attributed to shareholders soared to $180.90 …

Banking and Finance

23 October 2019 03:36 PM Boursa Kuwait-listed AUB's profit rises to KWD 55m in Q3-19

Mubasher: The financial statements of Ahli United Bank – Bahrain (AUB Bahrain), the dually listed bank on Boursa Kuwait and Bahrain Bourse (BHB), revealed a 6.3% year-on-year increase in net profit during the third quarter of 2019. The profit …

Company News

22 October 2019 10:59 AM AUB Kuwait logs 3% higher profits in Q3-19

By: Mohamed Farouk Mubasher: The financial statements of Ahli United Bank – Kuwait (AUB Kuwait) indicated a 2.9% year-on-year increase in profits during the third quarter of 2019. The profits totalled KWD 14.48 million ($47.86 million) in Q3-19, …

Banking and Finance

13 October 2019 10:02 AM Bahrain C. bank's nod to KFH takeover not made yet - AUB Bahrain

Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) said that no official approval has been issued yet by the Central Bank of Bahrain (CBB) regarding the proposed acquisition by Kuwait Finance House (KFH). Additionally, KFH has not made any …

Central Banks

9 October 2019 11:42 AM KFH receives C.bank’s approval to merge with AUB Bahrain

Mubasher: Kuwait Finance House (KFH) has received the approval of the Central Bank of Kuwait (CBK) concerning the full acquisition of Ahli United Bank – Bahrain (AUB Bahrain). The approval is subject to the completion of some detailed requirements …

Banking and Finance

19 September 2019 00:49 PM Bahraini, Kuwaiti AUB complete sale of KMEFIC’s stakes

Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) and Ahli United Bank – Kuwait (AUB Kuwait) announced that their 75.6% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the percentage of 196.096 million shares at a …

Banking and Finance

19 September 2019 11:08 AM AUB Kuwait completes sale of stake in KMEFIC

Mubasher: Ahli United Bank – Kuwait (AUB Kuwait) announced that its 50.41% ownership in Kuwait and Middle East Financial Investment (KMEFIC) represents the ratio of selling 130.71 million shares at a value of 58.1 fils per share to the total …

Companies Investments