Sunday, 22 November 2009 | 09:45 UAE time
COMPANIES
Ahli United Bank - Bahrain
- +134.00 Last
- +2.00 (+1.52%) Today's Change
- 20,000 Volume
- 0.11-156.00 52 Week Range
- +133.79 (+63,854.49%) 52 Week Change
COMPANY DESCRIPTION
Ahli United Bank, the largest publicly traded commercial lender in Bahrain, was incorporated as a private company in May 2000. AUB's ordinary shares are listed on Bahrain Stock Exchange since August 2000, and the Kuwait Stock Exchange since June 2006.Ahli United Bank is geared towards growth through the development of a larger client base in the Gulf states. The evolution of future mergers and acquisitions in the Gulf region remains central to the bank's expansion strategy.
AUB reported a consolidated net profit of USD 94.3 million for the three months period ended 31 March 2008, an increase of 37% compared to the same period last year.
KEY INFORMATION
Industry
Asset Management, Commercial Banks, Investment Banks, Investment Funds
Address
2424, Manama, Bahrain
T
973 17585858
F
973 17580569
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 31 May 2000 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Tamdeen Investment Company | companies | 9.97 | Kuwait |
| The Pension Fund Commission | companies | 10.48 | Bahrain |
| Global Express | companies | Bahrain | |
| The Public Institution for Social Security | companies | 19.48 | Kuwait |
| Salem Salah Al Naser Al Sabah | individuals | Kuwait |
PORTFOLIO
| Name | Country |
|---|---|
| Ahli Bank - Oman | Oman |
| Ahli Bank - Qatar | Qatar |
| Ahli United Bank of Egypt | Egypt |
| Ahli United Bank - UK | UK |
| AUB Investments | Cyprus |
| Bank of Kuwait and Middle East | Kuwait |
| Commercial Bank of Iraq | Iraq |
| Future Bank | Bahrain |
| Kuwait and Middle East Financial Investment Company - Kuwait | Kuwait |
| Securities and Investment Company | Bahrain |
| The Benefit Company | Bahrain |
| Gulf Union Insurance and Reinsurance Company | Bahrain |
OFFICERS
| BOARD OF DIRECTORS | Position | |
|---|---|---|
| Fahad Mazed Al Rajaan | Chairman | |
| Hamad Abdulmohsen Al Marzouq | Vice Chairman | |
| Rashid Ismail Al Meer | Vice Chairman | |
| Mohammed Jassim Al Marzouk | Board Member | |
| Mohammaed Saleh Bahbehani | Board Member | |
| Abdulla M. H. Al Sumait | Board Member | |
| Adel A. El Labban | Board Member | |
| Herschel Post | Board Member | |
| Hammad Al Attiyah | Board Member | |
| Mohammed Al Ghanim | Board Member | |
| Karl Otto Pohl | Board Member | |
| MANAGEMENT | Position | |
| Adel A. El Labban | Chief Executive Officer and Managing Director | |
| Michael Collis | Senior Deputy Chief Executive Officer - Commercial Banking and Treasury | |
| Abdullah Al Raessi | Deputy Chief Executive Officer - Retail Banking | |
| Sawsan Abulhassan | Deputy Group Chief Executive Officer - Private Banking and Wealth Management | |
| Fawaz Baba | Deputy Chief Executive Officer - Private Banking and Wealth Management | |
| Keith Henry Gale | Deputy Chief Executive Officer - Risk Management | Legal and Compliance |
| Sanjeev Baijal | Deputy Chief Executive Officer - Operations and Information Technology | |
| Greg Park | Head of Marketing and Product Development | |
| Shafqat Ali Memon | Head of Corporate Banking | |
| David Hatton | Head of Financial Institutions | |
| Lee Sims | Head of Treasury | |
| Abdulhamid Al Maamary | Head of Legal Affairs | |
| Stewart Water | Head of Audit | |
| Liza Merkley | Head of Human Resources and Services | |
| SHARIA BOARD | Position | |
| Ali Muhieddine Al Qurra Daghi | Chairman | |
| Farid Mohammed Hadi | Board Member | |
| Abdulaziz Khalifa Al Qassar | Board Member |
MOST POPULAR NEWS STORIES
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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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