About
Our History
About
Our History
Key Milestone
DIFC Branch of AUB starts operations following successful conversion of AUBL to a Category 1 Branch
Ahli Bank S.A.O.G. (Oman) RO 50 million (US$130 million) of Basel III compliant Additional Tier 1 Capital Bonds through rights issue completed
Ahli United Bank K.S.C.P. (Kuwait) US$200 million of Basel III compliant Perpetual Additional Tier 1 Sukuk Issue oversubscribed
Ahli United Bank Limited launches commercial operations in DIFC, Dubai under Category-I license
L&G Gulf stake increased to 100% through acquisition of remaining 50% stake from L&G Group Plc
Ahli United Bank (Egypt) S.A.E. capital increase of EGP 500 million (US$66 million) through rights issue completed
AUB US$400 million of Basel III compliant Perpetual Additional Tier 1 capital oversubscribed
International Finance Corporation acquires additional 2.29% stake in AUB through early conversion of its optionally convertible subordinated debt to common shares
Commercial Bank of Iraq rights and bonus issue of IQD 100.0 billion ($85.8 million) completed
IFC Capitalization Fund acquires 2.95% stake in AUB by converting its preference shares to common shares
Commercial Bank of Iraq rights issue of IQD 50.0 billion ($42.9 million) completed
AUB sells its 29.4% stake in Ahli Bank Qatar
Ahli Bank S.A.O.G. (Oman) capital increase of RO 25.0 million ($64.9 million) through rights issue completed
$62.2 million rights issue for Ahli United Bank (Egypt) S.A.E. completed
Commercial Bank of Iraq paid-up capital increased to IQD100 billion ($85.8 million) through a combination of bonus and share rights issue
$290 million of Tier I & Tier II capital from IFC Capitalization Fund raised
Commercial Bank of Iraq stake increased to 56.1% through tender offer
Ahli United Bank (Egypt) S.A.E. stake further increased to 85.1% through a second tender offer
Bank of Kuwait & the Middle East K.S.C. converted to Islamic Bank and name changed to Ahli United Bank K.S.C.
40% stake in United Bank of Commerce & Investment (Libya) acquired
Ahli United Bank Egypt stake increased to 79.6% through a mandatory dual tender offer
50% Joint Venture with Legal & General Plc to establish conventional & Takaful insurance companies incorporated
AUB secured a US$ 800 million medium term Syndicated Loan Facility
US$374 million pre-emptive share rights offering oversubscribed.
35% stake acquired in Ahli Bank S.A.O.G. (earlier known as Alliance Housing Bank S.A.O.G.).
AUB signs landmark US$ 200 million loan agreement with the International Finance Corporation (IFC).
US$1,200 million Syndicated Deposit Facility raised
AUB acquires 49% stake in Delta International Bank S.A.E., Egypt, now Ahli United Bank (Egypt) S.A.E.
US$100 million subordinated Lower Tier 2 FRN Issue concluded
AUB acquires 49% stake in the Commercial Bank of Iraq
AUB increases its stake in Bank of Kuwait & the Middle East KSC to 75%.
Ahli United Bank (Bahrain) BSC merged with AUB.
US$450 million partly convertible preference share issue oversubscribed.
40% stake acquired in Al Ahli Bank of Qatar
US$225 million debut syndicated loan oversubscribed.
UBK name changed to Ahli United Bank (UK) PLC.
US$248 million pre-emptive share rights offering oversubscribed.
43% stake accumulated in Bank of Kuwait & the Middle East KSC.
US$157 million initial public rights offering oversubscribed
Merger of Ahli Commercial Bank BSC with newly acquired Commercial Bank of Bahrain to establish Ahli United Bank (Bahrain) BSC.
AUB (parent) operations commence as Offshore Banking Unit incorporated in Bahrain.
United Bank of Kuwait PLC & Ahli Commercial Bank BSC agree to establish Ahli United Bank (AUB) and become its wholly owned subsidiaries.
Ahli Commercial Bank BSC (ACB) incorporated in Bahrain.
United Bank of Kuwait PLC (UBK) incorporated in London.
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