Ahli United Bank

Overview

Ahli United Bank is Bahrain Bourse: AUB + Bahraini commercial bank + Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling post-Oct 2 2022 ~$11.6B acquisition + one of Bahrain's largest commercial banks [1, bh-cro].

History

Jan 2000 — Ahli United Bank AUB founded via Ahli Commercial Bank + United Bank of Kuwait merger distinctive Bahraini banking heritage.

Oct 2 2022 — Kuwait Finance House KFH Kuwaiti parent acquires ~96.7% controlling stake in Ahli United Bank AUB for ~$11.6B + Islamic banking conversion underway.

2014 — AUB Mobile Banking app launch.

Ownership & operator

Operating entity: Ahli United Bank AUB (Bahraini commercial bank; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling).

Major shareholders: Kuwait Finance House KFH (Boursa Kuwait: KFIN; Kuwaiti Islamic bank) ~96.7% controlling + Bahraini retail + institutional + foreign investors free float minority.

Regulators: CBB Central Bank of Bahrain + Central Bank of Kuwait CBoK + national regulators across 8+ countries.

Technical integration

AUB Mobile Banking app (iOS + Android) + ahliunited.com online + AUB branch network across Bahrain + UK + Egypt + Iraq + Oman + Kuwait + UAE + Libya international branches + AUB Visa + Mastercard cards; BH IBAN + Benefit BH.

Implementations & partners

KFH parent: [[kfh]] (Kuwait Finance House Kuwait; Boursa Kuwait: KFIN; Kuwaiti Islamic bank) + [[kuveyt-turk]] (Kuveyt Türk; Kuwait Finance House KFH Kuwaiti parent ~62.24% controlling; Turkish participation Islamic bank).

Major Bahraini banking + payments competitors: [[nbb-bank]] (National Bank of Bahrain NBB; Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets) + [[arab-banking-corporation]] (Arab Banking Corporation Bank ABC; Bahrain Bourse: BANB; Bahraini international commercial banking group + 25+ countries operations) + [[albaraka-bahrain]] (Al Baraka Banking Group Bahrain; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + [[ithmaar-bank]] (Ithmaar Bank; Bahrain Bourse: ITHMR; Bahraini Islamic bank) + [[bahrain-islamic-bank]] (Bahrain Islamic Bank BISB; National Bank of Bahrain Islamic banking subsidiary post-Jan 2020 ~$220M acquisition) + [[khaleeji-commercial-bank]] (Khaleeji Commercial Bank KHCB; Bahrain Bourse: KHCB; Bahraini Islamic bank) + [[credimax-bahrain]] (CrediMax Bahrain credit card scheme + payment processor).

Regulators: CBB Central Bank of Bahrain + Central Bank of Kuwait CBoK + national regulators across 8+ countries.

Status

Active, Bahrain Bourse:AUB + Bahraini commercial bank + Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling post-Oct 2 2022 ~$11.6B acquisition + one of Bahrain's largest commercial banks [1, 2].

Sources

• 1 AUB — official
• 2 AUB — Wikipedia
• bh-cro In-corpus: reports/countries/BH-bahrain.md

Source

Biography extracted from ahli-united-bank-bahrain.md. See matrix.md for standards-support matrix if present.