GulfBase Live Support
28/01/2015 15:32 AST
Kuwaiti authorities have reportedly issued orders to freeze the property and assets of the former head of a Bahraini bank, a report said.
It was reported yesterday that former Ahli United Bank (AUB) chairman Fahad Al Rajaan had resigned from his position for 'personal reasons'.
However, Kuwaiti newspaper Al Jarida has claimed that Kuwait's Public Prosecution has issued orders to freeze his property and assets, as well as those of his relatives, a report in Gulf Daily News (GDN), our sister newspaper, said.
It said Al Rajaan was wanted for questioning over allegations of financial misconduct at the Kuwait Social Security Department, where he was formerly director-general.
The newspaper also stated that Al Rajaan planned to challenge allegations of wrongdoing and seek to lift the asset freeze.
Neither Al Rajaan nor representatives of AUB could be reached for comment yesterday.
Al Rajaan was listed among the 500 most powerful Arabs in the world in 2013 and had served as chairman of AUB since 2000.
He is also chairman of Wafra Investment Advisory Group, Kuwait; Ahli United Bank, Egypt; United Bank of Kuwait, London; and Kuwait Real Estate Investment Consortium.
He is also director-general of Public Institute for Social Security, Kuwait.
Trade Arabia
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
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
04/04/2018
Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News