Al Ahli Bank of Kuwait (ABK) News - Mubasher Info
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05 April 05:22 AM

Al Ahli Bank of Kuwait (ABK`R)

Last update: 2 April 01:09 PM market time.
294.00
8.00
2.80%
Open 293.00
Previous Close 286.00
High 294.00
Low 292.00
Stock Statistics
Volume 462,301
Turnover 135,469.48
All data are 15 minutes late during market session

News

Photo Credit: Arabianeye-Reuters
5 August 2015 11:46 AM ABK secures Egypt's c.bank approval to acquire Piraeus Egypt
Kuwait – Mubasher:  Al Ahli Bank of Kuwait (ABK) obtained the approval of the Central bank of Egypt(CBE) to acquire a 98.5% stake in  Piraeus Bank Egypt. The Kuwaiti listed bank still awaits the approval of the Egyptian Financial Supervisory …
Company News
Photo Credit: Arabianeye-Reuters
23 July 2015 09:38 AM ABK sees 7.15% profits jump in H1
Kuwait – Mubasher: Al Ahli Bank of Kuwait (ABK) said its net profits increased 7.15% for the first half of 2015, reaching KWD 20.43 million compared with KWD 19.07 million for the same period of the previous year. The Kuwaiti lender posted net …
Company News
Photo Archive
17 July 2015 00:38 PM ABK says no political woes exist about Egypt investment
Cairo – Mubasher: Ahli Bank of Kuwait (ABK) has no political concerns currently about investing in the Egyptian market via takeover of Piraeus Bank – Egypt, said Michel Accad, CEO at the Kuwaiti bank. The Egyptian market is vast and  will provide …
Company News
Photo Archive
7 July 2015 01:09 PM Kuwait’s ABK denies plans to list Piraeus Egypt on EGX
By Ahmed Awad Kuwait – Mubasher: Piraeus Bank Egypt will represent approx. 10-12% or $1 billion of Al Ahli Bank of Kuwait’s (ABK) $13 billion worth of assets, the CEO of the Kuwaiti bank said in his comment on ABK’s plan to take over the Greek …
Company News
Photo Credit: Arabianeye - Reuters
6 July 2015 11:55 AM ABK cleared by Kuwait’s c.bank to acquire Piraeus Egypt
Kuwait – Mubasher: Al Ahli Bank of Kuwait (ABK) said it was approved by Central Bank of Kuwait on Sunday to acquire a 98.5% stake in Piraeus Bank Egypt. The Kuwaiti bank had agreed with the Greece's Piraeus Bank to acquire the stake in its Egypt …
Company News
Photo archive
31 May 2015 09:45 AM KIPCO raises Burgan Bank stake to 47%
Kuwait Stock Exchange (KSE) showed a number of changes in equity ownership by the end of last Thursday’s trading session.Mubasher quoted official data showing that Kuwait's Public Institution for Social Security (PIFSS) bought 5.010% stake in …
Company News
Photo archive
21 May 2015 01:33 PM ABK acquires 98.5% of Piraeus Egypt
Al Ahli Bank of Kuwait (ABK) said Thursday it reached an agreement to acquire 98.5% stake in Piraeus Bank Egypt for a total amount of $150 million.Mutual negotiations between both banks over the past period finally culminated in this agreement, …
Mergers and Acquisitions
Photo archive
21 May 2015 08:04 AM ABK buys 5.15% stake in Al Mal Investment – report
Kuwait Stock Exchange showed a number of changes in equity ownership by the end of Wednesday’s trading session.Al Ahli Bank of Kuwait (ABK) bought 5.150% stake in Al Mal Investment, according to a report by Mubasher.Al Saham Al Mawasi for General …
Company News
CBK
18 May 2015 03:40 PM CBK arranges KWD 134.5m loan for Jahra Hospital
Commercial Bank of Kuwait (CBK) said Monday it signed an agreement for syndicated credit facility worth KWD 134.5 million for a new Jahra Hospital project.CBK was mandated earlier to lead the arrangement of the syndicated loan.The participating …
Banking and Finance
Photo Credit: Arabianeye-Reuters
27 April 2015 09:23 AM Al-Ahli Bank profits up 11.5% in Q1-15
Al-Ahli Bank of Kuwait recorded an increase of 11.5% in its earnings of Q1-15, posting a net profit worth KWD 9.05 million ($29.95 million) compared to KWD 8.12 million ($26.87 million) in Q1-14.The bank’s earning per share rose to 6 fils from 5 …
Company News
Photo Credit: Arabianeye-Reuters
31 March 2015 02:50 PM Moody's affirms ABK deposit ratings at A2/P-1; stable outlook
Moody's Investors Service has affirmed Al Ahli Bank of Kuwait (ABK) both long- and short-term deposit ratings at A2/Prime-1.Meanwhile , Moody's has affirmed the bank's D+ standalone bank financial strength rating (BFSR), equivalent to a baseline …
Company News
Photo Credit: Arabianeye-Reuters
21 March 2015 00:38 PM ABK seeks to expand in lending – Al-Sumait
By Ahmed AwadKuwait-Mubasher: Ahli Bank of Kuwait (ABK) seeks to expand in the retail and corporate lending in the next period, said Deputy Chief General Manager Abdullah Al-Sumait.On the sidelines of the general meeting held on Saturday, …
General News
ABK general meeting
21 March 2015 10:07 AM Kuwait's ABK approves 13 fils/shr cash dividend for FY14
By Ahmed AwadKuwait-Mubasher: Shareholders of Ahli Bank of Kuwait (ABK) gave the go-ahead for paying cash dividend for the fiscal year 2014 at 13% of the stock's par value, or 13 fils per share.The lender posted earnings of KWD 37.59 million …
General News
28 January 2015 02:11 PM Emirates NBD Capital coordinates huge loan for Uganda bank
 Dubai - Mubasher: Stanbic Bank Uganda Limited, a group company of Standard Bank Group Limited, South Africa has inked an $85 million 18-month term loan facility on January 28, 2015, in Dubai. Emirates NBD Capital was the sole co-ordinator and …
Company News
26 January 2015 02:25 PM Kuwait’s Al Ahli Bank posts KWD37.6m profit in 2014
Al Ahli Bank of Kuwait disclosed its financial statements for the fiscal year ended December 31, 2014. The statements have reflected KWD37.59 million net profit ($127 million) compared to KWD35.43 million for the same period of previous year, with …
Company News
29 December 2014 11:36 AM Kuwait’s Al Ahli Bank chief steps down
Ahmed Yousef Behbehani the chairman of Kuwait’s Al Ahli Bank has resigned due health issues said a bourse statement.Behbehani's resignation will be effective as of December 24, 2015.Talal Mohamed Reda Yousef, deputy chairman has been …
Company News
3 December 2014 01:34 PM NBAD to arrange $250m African bank loan
The National Bank of Abu Dhabi (NBAD), the Sole Coordinator and Facility Agent, successfully closed a $ 250 million term loan facility for the African Export-Import Bank (Afreximbank) on November 13, 2014. The loan also included Abu …
General News
30 November 2014 11:40 AM Kuwaiti court fines Al Ahli Bank Chairman KWD100 THD
Kuwait Court of Appeal has cut insider trading fine against Kuwait's Al-Ahli Bank Chairman to KWD 100,000 from KWD1.5 million imposed earlier , said a bourse statement.Early - March, the Court of First Instance has imposed a fine of …
Company News
23 November 2014 10:18 AM Fitch Ratings affirms 9 Kuwaiti banks
Fitch Ratings has affirmed the long-term issuer default ratings (IDR) of National Bank of Kuwait (NBK), Kuwait Finance House (KFH), Gulf Bank (GB), Commercial Bank of Kuwait (CBK), Al Ahli Bank of Kuwait (ABK), Ahli United Bank …
Ratings
28 October 2014 05:32 PM Two major transactions worth $2m carried out on Ahli United Bank
Bahraini Ahli United Bank announced that two major transactions of total of 1,300,000 shares valued at $2.009 million were carried out within today and yesterday sessions.The first transaction took place by Tamdeen Investment Co. for …
Company News
28 October 2014 00:58 PM Al Ahli Bank Kuwait rules out capital increase - official
Abdullah Al Sumait, Deputy CEO of Al Ahli Bank of Kuwait (ABK)-ruled out seeking bank's capital increase.Al Sumait who was cited by CNBC Arabia noted that ABK has no need to undergo any capital hike in order to comply with "Basel III" …
Company News
27 October 2014 00:12 PM Al Ahli Bank of Kuwait achieves KWD27.3m profit in 9m
Al Ahli Bank of Kuwait -ABK disclosed its interim financial results financial statements for the nine months period ended September 30 , 2014.The statements reflected KWD27.29 million net profit compared to KWD25.23 million net profit …
Company News