Al Ahli Bank of Kuwait (ABK) News - Mubasher Info
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02 October 08:46 AM

Al Ahli Bank of Kuwait (ABK`R)

Last update: 1 October 12:39 PM market time.
288.00
2.00
0.70%
Open 289.00
Previous Close 286.00
High 289.00
Low 287.00
Stock Statistics
Volume 532,647
Turnover 153,363.03
All data are 15 minutes late during market session

News

Photo Gallery
19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Global Economy
Photo Gallery
15 April 2024 02:41 PM Qalaa Holdings settles over EGP 13bn in debt with 5 banks
Cairo – Mubasher: Qalaa Holdings has signed an agreement with five banks to settle around EGP 13.45 billion in debt. The first agreement was signed with Banque Misr, Banque du Caire, Arab African International Bank, and Al Ahli Bank of Kuwait to …
Companies Investments
Wahby has started his career as an investment banker in Egypt
9 February 2021 02:10 PM Al Ahli Bank of Kuwait names new CEO in UAE
Mubasher: Al Ahli Bank of Kuwait (ABK) has appointed Omar Wahby as the bank's CEO in the UAE, according to a press release. With a 25-year experience, Wahby has started his career as an investment banker in Egypt and occupied senior roles in a …
Management Decisions
The KFH will contribute to KWD 304 million in financing
4 October 2020 00:38 PM NBK, KFH ink KWD 1bn credit facility agreement with KPC
Mubasher: The National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have signed a credit facility agreement worth KWD 1 billion with Kuwait Petroleum Corporation (KPC) to fund the KPC's capital expenditure. Under the agreement, the KFH …
Banking and Finance
Assets rose by 5.3% to EGP 37.6 billion
2 September 2020 01:59 PM ABK Egypt logs EGP 354m profit in H1-20
Cairo – Mubasher: Al Ahli Bank of Kuwait - Egypt (ABK - Egypt) reported a 54% year-on-year (YoY) increase in its net profits, logging EGP 354 million in the first half (H1) of 2020, the Middle East News Agency (MENA) reported on Wednesday. The …
Banking and Finance
ABK's capital adequacy ratio (CAR) stood at 18.6% in 2019
21 May 2020 00:48 PM Moody’s affirms ABK long-term credit rating
Mubasher: Moody’s Investors Service has affirmed the long-term deposits rating of Ahli Bank of Kuwait (ABK) at ‘A2’, with a ‘Stable’ outlook. The ‘baa3’ standalone Baseline Credit Assessment (BCA) reflects the lender’s strong capitalisation, …
Banking and Finance
The lender’s net operating profit amounted to EGP 316 million
19 May 2020 11:11 AM ABK Egypt's profit grows 22% in Q1-20
Cairo – Mubasher: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) reported a 22% year-on-year (YoY) growth in its net profits to EGP 140 million during the first quarter of 2020. The lender’s net operating profit amounted to EGP 316 million in the …
Banking and Finance
Luay Makames has been appointed as the CEO of ABK Kuwait
29 April 2020 00:34 PM ABK names new top executives
Mubasher: The Central Bank of Kuwait (CBK) approved Ahli Bank of Kuwait’s request to appoint three top executives.   In this respect, Abdulla Mohammad Alsumait has been named as the deputy CEO for the ABK group, according to a stock exchange …
Board of Directors
ABK will distribute a remuneration of KWD 395,000 to board members
14 April 2020 01:14 PM ABK approves 7 fils/shr dividends for 2019
Mubasher: The general assembly of Al Ahli Bank of Kuwait (ABK) agreed to distribute a cash dividend distribution of seven fils per share or 7% of the share’s nominal value for 2019. The distribution will be to the shareholders registered on …
Banking and Finance
The exposure represent 0.31% of ABK's loan portfolio
8 April 2020 00:40 PM ABK sees minor impact from NMC exposure
Mubasher: Al Ahli Bank of Kuwait (ABK) on Wednesday revealed that its exposures to troubled NMC Healthcare Group, totalling KWD 13.6 million, represent 0.31% of the bank’s loan portfolio. The impact of the exposure on the capital adequacy ratio …
Banking and Finance
ABK has no exposure to any subsidiary of NMC
7 April 2020 00:33 PM ABK announces exposure to NMC Healthcare
Mubasher: Al Ahli Bank of Kuwait (ABK) said that its exposure to the NMC Healthcare Group amounts to $26.28 million (KWD 8.11 million) and AED 65.44 million ($5.49 million). The Kuwaiti lender has no exposure to any subsidiary of NMC, according to …
Banking and Finance
Earnings per share (EPS) recorded 14 fils last year
25 February 2020 00:46 PM ABK’s profit down to KWD 29m in 2019; dividends proposed
Mubasher: Al Ahli Bank of Kuwait (ABK) recorded KWD 28.7 million during the fiscal year ended on 31 December 2019, down by 32% from KWD 42.12 million in 2018. Earnings per share (EPS) totalled 14 fils last year, according to a press release on …
Banking and Finance
The deal’s material impact will be announced later on
3 February 2020 10:05 AM ABK inks deal to acquire British bank
Mubasher: Al Ahli Bank of Kuwait (ABK) concluded a buy and sell agreement on 31 January 2020 for the full acquisition of Bank & Clients, a UK fully licensed bank.      The acquisition will be subject to the approvals of regulatory authorities in …
Mergers and Acquisitions
The bank’s board has approved the retirement request
25 December 2019 11:27 AM ABK’s CEO to retire in January 2020
Mubasher: The CEO of Al Ahli Bank of Kuwait (ABK), Michel Ontowan Accad, will retire as of 15 January 2020. The bank’s board of directors approved the CEO's retirement request during the meeting held in mid-December, according to a statement on …
Company News
ABK's long-term foreign-currency deposit rating was ‘A2’
16 December 2019 11:56 AM Moody’s assigns ABK ‘A2’ foreign-currency deposit rating, ‘stable’ outlook
Mubasher: Al Ahli Bank of Kuwait (ABK) said on Monday that Moody's Financial Services assigned the lender’s long-term foreign-currency deposit rating at ‘A2,’ with a ‘stable’ outlook. Furthermore, ABK’s long-term foreign-currency counterparty risk …
Ratings
ABK sold a total of 25.984 million KFIC shares
2 December 2019 04:03 PM ABK sells KFIC stake for KWD 1.1m
By: Mohamed Farouk Mubasher: Al Ahli Bank of Kuwait (ABK) sold its stake in its stake in Kuwait Finance and Investment (KFIC) to stakeholder Falah Hamad Mohammed al Hajri, Boursa Kuwait said. ABK sold a total of 25.984 million KFIC shares at 44 …
Company News
take amounted to roughly 25.984 million shares
28 November 2019 03:30 PM ABK exits entire stake in KFIC
Mubasher: Al Ahli Bank of Kuwait (ABK) announced on Thursday the sale of its stake in Kuwait Finance and Investment (KFIC). The sold stake amounted to roughly 25.984 million shares, or 8.047% of KFIC’s capital, according to the lender’s bourse …
Companies Investments
The profit drop is due to higher provisions for credit losses
25 November 2019 04:43 PM ABK swings to KWD 7m loss in Q3
Mubasher: Al Ahli Bank of Kuwait (ABK) has incurred net losses worth KWD 7.143 million ($23.57 million) during the third quarter of 2019, against net profits of KWD 7.94 million ($26.2 million) in the corresponding quarter in 2018. During the …
Companies Investments
Photo Archive
5 November 2019 02:05 PM KPC obtains KWD 350m financing from local banks
Mubasher: The National Bank of Kuwait (NBK) and the Kuwait Finance House (KFH) have jointly managed and issued a KWD 350 million ($1.2 billion) financing to the Kuwait Petroleum Corporation (KPC). The two banks were chosen by KPC to manage …
Sukuk and Islamic Finance
ABK’s viability rating (VR) was affirmed at ‘bb+’
14 October 2019 02:09 PM Fitch affirms ABK’s long-term IDRs; Outlook ‘Stable’
Mubasher: Fitch Ratings has affirmed Ahli Bank of Kuwait’s (ABK) long-term issuer default rating (IDR) at ‘A+’, with a ‘Stable’ outlook. ABK’s short-term IDR was affirmed at ‘F1’, the bank said in a filing to Boursa Kuwait on Monday. Moreover, the …
Ratings
ABK’s VR was affirmed at ‘BB+’
29 September 2019 04:05 PM Fitch affirms ABK, Boubyan Bank’s IDRs at ‘A+’; Outlook ‘Stable’
Mubasher: Fitch Rating has affirmed all ratings of Boubyan Bank and Al Ahli Bank of Kuwait (ABK), with a ‘Stable’ outlook. The agency affirmed Boubyan Bank’s long-term issuer default rating (IDR) at ‘A+’, and the short-term IDRs at ‘F1’. The …
Banking and Finance
ABK posted a rise of 23.6% in Q1-19 profits
1 August 2019 04:09 PM ABK records KWD 10m profit in Q2-19
Mubasher: Al Ahli Bank of Kuwait (ABK) achieved a 12% year-on-year increase in profits during the second quarter of 2019. The profits for the period grew to KWD 10.17 million ($33.05 million) in Q2-19 from KWD 9.08 million ($29.91 million) in …
Financial Results
AUB Kuwait is forecast to have the lowest growth rate of 3.6% in profits
7 July 2019 00:13 PM Kuwait’s banks likely to see 10% rise in H1-19 profits – Analyst
By: Mohamed Farouk Mubasher: Ten Kuwaiti banks listed on Boursa Kuwait are expected to achieve an increase of 9.6% in profits during the first half of 2019, compared to the year earlier, capital market analyst Ahmed Jassim Al Qamr told Mubasher. …
Sector Reports
Eight banks have contributed in this consolidated financing
24 June 2019 01:42 PM Alafco inks $470m unsecured consolidated loan
Mubasher: Alafco Aviation Lease and Finance Co has signed an unsecured consolidated financing agreement valued at $470 million for a period of five years. This unsecured loan will be operated by Al Ahli Bank of Kuwait (ABK) – Dubai International …
Companies Investments
ABK attributed the rise in Q1-19 profits to an increase in operating income
1 May 2019 01:55 PM ABK logs KWD 12.4m profit in Q1
Mubasher: Al Ahli Bank of Kuwait (ABK) reported a 23.6% year-on-year growth in profits during the first quarter of 2019. ABK’s profits amounted to KWD 12.4 million ($40.84 million) during Q1-19, up from KWD 10.04 million ($33.06 million) in Q1-18, …
Financial Results