Ahli United Bank - Bahrain

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Recent Articles

• Big Kuwait, Bahrain banks Q3 profits sag on Saudi loans25 October 2009

  Kuwait's Gulf Bank says it expects its bad loans will weigh on company profits up to mid-2010.

• Bahrain's Ahli United pays $400m debt back early22 August 2009

  Bahraini bank to repay part of a $1.2bn syndicated loan 1 month ahead of schedule.

• Bahrain's Ahli United says S&P confirms stable ratings15 August 2009

  Confirmation reflects earlier report, citing bank's commercial position, diversification.

• Write-downs continue to impact Bahraini banks 11 May 2009

  Profitability forecast to be 'adequate' this year, says Fitch Ratings in annual report on sector.

• Bahrain's Ahli Bank posts 9% drop in Q3 profit13 October 2008

  Bahrain's largest bank by market value posts quarterly profit of $68mn.

• Investment gains, loans boost Bahrain's Ahli Q2 net22 July 2008

  Quarterly income ahead 44% to record $117.4mn, above forecasts.

• Bahrain projects further growth29 June 2008

  Bahrain claims its financial sector is still on a roll following recent big investments.

• Ahli United, NBAD deny mega-merger15 June 2008

  UPDATE 1: Bahrain and Abu Dhabi lenders reportedly in talks to create one of Gulf's largest banks.

• Ahli United earnings shoot up 63%12 February 2008

  Bahrain's biggest lender makes profit of $70.37mn in Q4, taking net income to $296mn for the year.

• World Bank buys stake in Oman's Alliance21 November 2007

  Oman's Alliance Housing Bank says World Bank agrees to buy 9.9% at $37.45 million.

• Ahli gets nod for $303mn rights issue13 November 2007

  Bahraini lender wins regulatory approval to sell 300mn shares to existing investors.

• Bahrain lenders arrange $480mn debt facility3 October 2007

  Financing for Damietta International Port Company to build Egypt port project.

• Shuaa denies Ahli bid report25 August 2007

  Dubai investment bank denies it is part of group in talks to buy majority stake in Bahrain's Ahli United.

• Second suitor for Ahli United21 August 2007

  Kuwaiti shareholder Tamdeen to announce it has received offer for 55% stake in Bahrain bank, report says.

• Qatar bank calls off Ahli bid 15 August 2007

  International Bank of Qatar says further talks over its $6.1bn bid for Ahli United Bank are unlikely to be productive.

• Arab investors plan Ahli move12 August 2007

  Investors from Qatar, Egypt and Jordan are set to make offer for a stake in the Bahrain lender.

• Ahli shareholders reject Qatar takeover bid8 August 2007

  International Bank of Qatar fails in bid to buy into Bahrain's biggest lender after differences with shareholders unresolved.

• Ahli United deal called off7 August 2007

  International Bank of Qatar has not reached agreement over due diligence, a Kuwaiti newspaper reports.

• Ahli United Qatar talks stall5 August 2007

  International Bank of Qatar says negotiations have hit stumbling block; could spell an end to takeover.

• Ahli in takeover reservations4 August 2007

  Ahli United has expressed reservations about opening its books to takeover suitor International Bank of Qatar.

• Ahli United shareholder interested in stock sale2 August 2007

  London-based Blakeney Management describes offer from International Bank of Qatar as "very, very rich".

• Ahli shares surge on takeover bid29 July 2007

  Bahraini lender sees biggest one day gain in two years following reports of a $6.1bn takeover offer.

• Ahli shareholder accepts $6.1bn Qatar bid28 July 2007

  Kuwait's Tamdeen Investment has asked Ahli United to open its books to International Bank of Qatar.

• Ahli shareholders consider Qatar bid16 July 2007

  Shareholders will make a coordinated response to a $6.1mn takeover bid by International Bank of Qatar.

• Qatari bank offers $6bn for Ahli 15 July 2007

  International Bank of Qatar has offered takeover bid in cash and stock for a 55% stake in the Bahraini lender.