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- QIIG wins 'Takaful Insurance Company of the Year' award
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20/07/2014 12:28 AST
Kuwait's Ahli United Bank (AUB) reported net profits in the first six months this year up by 9.9 percent to reach KWD 25.4 million ($90 million), compared with KWD 23.2 million ($82 million) in the same period 2013.
AUB Board Chairman Dr. Anwar Al-Mudhaf said shareholders' equity in the first half was up 16.4 per cent while return on assets was 1.5 percent. Earnings per share rose to 19.6 fils against 18 fils in the first half 2013.
Operating revenues of the bank reached KWD 53.4 million while assets surged by 12.5 per cent to KWD 3.571 billion in the first six months of 2014, against KWD 3.165 billion by the end of last year. Customer deposits rose 9.9 percent to KWD 2.3 billion.
"Our bank has achieved a balanced growth in all chapters of the budget and witnessed a rise in all financial performance indicators in the first half of the fiscal year," said Al-Mudhaf.
CPI Financial
17/10/2017
Fitch Ratings has affirmed Ahli United Bank (Kuwait)'s (AUBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bbb-'.
Press Release
31/03/2010
The Bank formerly known as Bank of Kuwait and the Middle East (BKME) was crossed out from the local conventional banks list and is to start its Sharia-compliant operations as of Thursday listed as "
KUNA
29/03/2010
Bank of Kuwait and the Middle East (BKME) Board of Directors Chairman, Hamad Abdulmohsen Al-Marzouq, announced at the bank's General Assembly meeting on Sunday that the total operating revenues of th
Arab Times
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03/12/2025
At a prestigious ceremony held at Atlantis The Palm - Dubai, Qatar Islamic Insurance Group (QIIG) received the 'Takaful Insurance Company of the Year' award at the 12th Middle East Insurance Industry
The Peninsula
03/12/2025
In a new milestone that reinforces its position as one of the region's leading developers, United Development Company (UDC), the master developer of The Pearl and Gewan Islands, announced that it has
The Peninsula
03/12/2025
The National Investments Company (NIC) has announced the appointment of Mohammed Adel Al-Kharafi as Senior Executive Officer (SEO) of its Dubai International Financial Centre (DIFC) office. This appo
Kuwait Times
03/12/2025
Asyad Group has unveiled a series of forward-looking projects aimed at enhancing the readiness of Oman's national logistics infrastructure to support the green hydrogen economy.
The announce
Muscat Daily
03/12/2025
OQ Gas Networks (OQGN), the sole operator of Oman's natural gas transportation network, has signed an agreement to acquire a gas transportation pipeline in Block 61, which hosts the Khazzan and Ghaze
Muscat Daily
Financial Information Co.
Saudi Arabia