The Gulf's 50 Biggest Companies
Thu 21 Apr 2011 09:35 AM
Ahli United Bank

Ahli United Bank

Industry: Banking & Finance

Company: Ahli United Bank

Country: Kuwait

Wealth: 4.12 Billion

The Kuwaiti bank recently announced a net profit of $77.78m for the first quarter of 2011 in April. In the same month, the bank, which became an Islamic lender in March 2010, also announced a 14 percent cash dividend and five percent bonus shares for the year 2010. The lender’s net profit for last year was $99m in 2010, a 92 percent jump from 2009’s figures.