Ahli United Bank of Kuwait

Ahli United Bank of Kuwait
IndustryFinancial services
Founded1971
HeadquartersJoint Banking Complex — East Tower, Mubarak Al-Kabir Street, Safat,
Kuwait City
,
Kuwait
Websitewww.ahliunited.com.kw/en

Ahli United Bank of Kuwait (AUBK) is a traditional bank founded in 1971, providing retail, private and corporate banking services with headquarters in Safat, Kuwait City. [1]

Timeline:[2]

  • 1941 - founded as the Imperial Bank of Persia, the first bank in Kuwait and affiliated to the British bank with a concession from the ruler Ahmad Al-Jaber Al-Sabah
  • 1971 - concession ended, the bank was 100% Kuwaiti and name was changed to the Bank of Kuwait and Middle East (BKME)
  • 2002 - AUB Group became a major shareholder
  • 2010 - conversion to Islamic banking.
  • 2016 - AUBK was selected as the second safest Islamic bank in Kuwait.[3]
  • 2024 - AUBK merged with Kuwait Finance House (KFH).[4]

See also

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References

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  1. ^ "Company Overview of Ahli United Bank K.S.C.P." Retrieved 25 March 2017.
  2. ^ "Our History and Our Future". Retrieved 25 March 2017.
  3. ^ "Ahli United Bank selected as second safest Islamic bank in Kuwait in 2016". 12 November 2016. Retrieved 25 March 2017.
  4. ^ "Formerly AUB merged with KFH". 15 February 2024. Retrieved 15 February 2024.
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