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12/11/2010 00:00 AST
Fitch Ratings has affirmed Ahli United Bank's (AUB) ratings at long-term Issuer Default (IDR) A- with stable outlook and short-term IDR F2.
The support rating floor is affirmed at A-.
The long and short-term IDRs and support rating reflect the extremely high probability of support for AUB from its core shareholders, if needed.
Downside risk to the IDRs is limited due to expected shareholder support, if needed.
AUB was formed in 2000 through the merger of two banks based in the UK and Bahrain.
It subsequently acquired stakes in banks in Kuwait, Qatar, Iraq, Egypt, Oman and Libya.
It is also present in other Gulf and Middle Eastern countries through its brokerage subsidiary based in Kuwait.
Gulf Daily News
30/03/2018
Ahli United Bank said on Thursday the shareholders have approved the 18 per cent cash dividend at its Annual General Meeting (AGM). The dividend amounts to $341.6 million (Dh1,257 million), together
Gulf News
14/03/2018
Bahrain's labour fund Tamkeen and Ahli United Bank (AUB) have signed a BD40-million ($106.08 million) portfolio to provide subsidised financing to eligible medium and large-sized enterprises in Bahra
Trade Arabia
21/02/2018
Ahli United Bank B.S.C. (AUB) reported a net profit attributable to its equity shareholders of US$ 618.7 million for the year 2017, representing a growth of 8.4% as compared to a net profit of US$ 57
Biz Bahrain
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05/12/2025
The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.
Th
Asharq Al Awsat
05/12/2025
Bahrain Marina Development Company (BMDC), the master developer of the Bahrain Marina project on the eastern waterfront of Manama, has announced the signing of a strategic partnership agreement with
Trade Arabia
05/12/2025
Investcorp Capital (ICAP), a company listed on the Abu Dhabi Securities Exchange, today (December 4)announced that it has successfully acquired a diversified portfolio of industrial assets for $400 m
Trade Arabia
05/12/2025
In recognition of its sustained commitment to promoting inclusivity and fostering a workplace environment that embraces all segments of society, Gulf Bank received a special invitation from the Briti
Kuwait Times
05/12/2025
Leading Saudi flour production company Fourth Milling Company (MC4) has broken ground on its new production facility at Al Kharj region of the kingdom. This comes as part of its SAR265 million ($71 m
Trade Arabia
Financial Information Co.
Saudi Arabia