Ahli United Bank B.S.C. (“AUB” or the “Bank”) was established as a bank in Bahrain on 31 May 2000 following a merger between The United Bank of Kuwait PLC (“UBK”) and Al-Ahli Commercial Bank B.S.C. (“ACB”) pursuant to which UBK and ACB each became wholly-owned subsidiaries of AUB. The Bank operates under a retail banking license issued by the Central Bank of Bahrain (“CBB”).
In addition to wholly owned operations of AUB (Bahrain), AUB (United Kingdom), and AUB (DIFC, UAE), AUB has a 95.7% stake in AUB (Egypt), a 74.9% stake in AUB (Kuwait), an 80.3% stake in Commercial Bank of Iraq, a 40% stake in United Bank of Commerce & Investment (Libya) and a 35% stake in Ahli Bank (Oman). AUB also has a 100% stake in Al Hilal Life which provides life and health insurance products.
AUB and its network of subsidiaries and associated companies form a banking group (“AUB Group”) providing (i) retail banking; (ii) corporate banking, (iii) treasury and investment services; (iv) private banking and wealth management services; and (v) Islamic banking products & services besides offering conventional and Takaful life insurance products