Ahli United Bank BSC

Ahli United Bank BSC

Ahli United Bank BSC

Overview
Date Founded

2000

Headquarters

Building 2495,Road 2832,Al Seef District,Manama, Capital Governorate 428

Type of Company

Public

Employees (Worldwide)

3,416

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Ahli United Bank BSC engages in the provision of retail, commercial, Islamic, investment and private banking, and global fund management services. It operates through the following business segments: Retail Banking, Corporate Banking, Treasury & Investments, and Private Banking. The Retail Banking segment provides loans, residential mortgages, overdrafts, credit cards, and fund transfer facilities. The Corporate Banking segment offers loans, other credit facilities, and deposit and current accounts for corporate and institutional customers. The Treasury & Investments segment involves in money market, trading and treasury services, as well as management of the group's investments and funding. The Private Banking segment offers investment products, funds, credit facilities, trusts, and alternative investments principally serving high net worth clients. The company was founded on May 31, 2000 and is headquartered in Manama, Bahrain.

Executives & Employees

Group Chief Executive Officer & Managing Director

Deputy Group Chief Executive Officer-Risk, Legal & Compliance

Deputy Group Chief Executive Officer-Finance & Strategic Development

Deputy Group Chief Executive Officer-Operations & Technology

Deputy Group Chief Executive Officer-Private Banking & Wealth Management

Deputy Group Chief Executive Officer-Retail Banking

Deputy Group Chief Executive Officer-Corporate Banking

Group Head-Audit

Group Head-Human Resources & Development

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Owners & Shareholders
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PIFSS is an active manager. Their investment committee is set up by the Minister of Finance and invests the institution's funds. They are empowered to define the rules and investment programs and to issue the necessary investment orders.

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Global Asset Management is an active manager which invests in conventional and Islamic funds and alternative investments in Kuwait, GCC, MENA and international markets. They also provide discretionary and non-discretionary portfolio management services.^The firm's conventional investments focus on GCC equity and fixed-income investment opportunities. Their fund management teams operate separately, one focusing on the MENA and the other on the GCC region. Their Islamic funds focus on Sharia-compliant GCC equities, bonds and other financial instruments.^Global Asset Management's alternative investment fund activities focus on growth capital private equity, buy-out, local and foreign real estate and international hedge fund opportunities. The manage funds invested in a variety of international hedge funds as well as real estate funds in Kuwait, the US, the GCC and MENA and Asia.^The firm manages discretionary and non-discretionary portfolios comprised of GCC and MENA equities, managed funds, Islamic instruments, fixed-income and cash.

Recent Transactions
Details Hidden

Kuwait Finance House KSC purchases Ahli United Bank BSC

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Ahli United Bank BSC purchases Legal & General Gulf Takaful BSC from Legal & General Group Plc

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Ahli United Bank BSC, Ahli Bank SAOG purchase Middle East Brokerage Co. LLC from Kuwait & Middle East Financial Investment Co. KSCC

Transaction Advisors
Investment Advisor

Advised onKuwait Finance House KSC purchases Ahli United Bank BSC

Advisors & Consultants
Legal Advisor

Partner at Hogan & Lovells LLP

Key Stats and Financials As of 2019
Market Capitalization
$5.74B
Total Enterprise Value
$14.7B
Earnings Per Share
$0.08
Revenue
$2.11B
Enterprise Value Sales
6.99x
TEVNet Income
21.2x
Debt TEV
0.58x
Three Year Compounded Annual Growth Rate Of Revenue
9.11%
Five Year Compounded Annual Growth Rate Of Revenue
7.91%
Net Profit
$695M
Total Debt
$8.59B
Total Equity
$4.76B
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