The Road to Success

June 1966
United Bank of Kuwait PLC (UBK) incorporated in London.

December 1977
Ahli Commercial Bank BSC (ACB) incorporated in Bahrain.

April 2000
UBK & ACB agree to establish Ahli United Bank (AUB) and become its wholly owned subsidiaries.

December 2000
AUB (parent) operations commence as OBU incorporated in Bahrain.

May 2001
Merger of ACB with newly acquired Commercial Bank of Bahrain (CBB) to establish Ahli United Bank (Bahrain) BSC (AUBB).

June 2001
Operating alliances with Mellon & Henderson agreed (AUM $1.4 billion)

July 2001
$157 million initial public rights offering oversubscribed

August 2002
48% stake accumulated in Bank of Kuwait & the Middle East KSC (BKME).

December 2002
$248 million pre-emptive share rights offering oversubscribed.

January 2003
UBK name changed to Ahli United Bank (UK) PLC (AUBUK).

September 2003
Ahli United Bank receives Bank of the Year 2003 award by the Banker magazine.

July 2004
$225 million debut syndicated loan oversubscribed.

August 2004
40% stake acquired in Al Ahli Bank of Qatar (ABQ) through capital increase with a 10 year management contract.

September 2004
Ahli United Bank receives Bank of the Year 2004 award by the Banker magazine.

December 2004
$450 million partly convertible preference share issue oversubscribed.

July 2005
AUBB merged with AUB.

August 2005
AUB increases stake in BKME to 75%.

December 2005
AUB acquires 49% stake in the Commercial Bank of Iraq.

March 2006
Ahli United Bank receives Best Bank in the Middle East & Africa 2006 award from Global Finance magazine.

June 2006
Ahli United Bank receives Best Bank in Bahrain 2006 award from Euromoney magazine.

August 2006
AUB acquires 49% stake in Delta International Bank S.A.E, Egypt.

November 2006
Ahli United Bank receives Global Bank of the Year 2006 Middle East and Bank of the Year 2006 Bahrain awards from the Banker magazine.

November 2006
Ahli United Bank signs landmark US$ 200 million loan agreement with the International Finance Corporation. IFC's largest investment in the region to date.

March 2007
Ahli United Bank receives Best Bank in the Middle East 2007 award from Global Finance magazine.

May 2007
Delta International Bank is renamed Ahli United Bank (Egypt) SAE.

June 2007
‘Best Bank in the Middle East - 2007’ awarded by Euromoney.

December 2007
35% stake acquired in Ahli Bank S.A.O.G. (earlier known as Alliance Housing Bank S.A.O.G.).

December 2007
‘Best Foreign Exchange Bank in Middle East – 2008’ awarded by Global Finance.

December 2007
‘Bank of the Year 2007 – Bahrain’ awarded by Banker Magazine.

December 2007
US$374 million pre-emptive share rights offering oversubscribed.

April 2008
Memorandum of Understanding signed with the UK-based Legal & General Group Plc to set up a new joint venture company to offer a range of takaful life and health insurance products and pension plans, subject to necessary regulatory and statutory approvals.

June 2008
"Best Bank in Bahrain" awarded by Euromoney

June 2008
"Best Commercial Bank in Bahrain" awarded by AsiaMoney

September 2008
AUB secured a US$ 800 million Syndicated Loan Facility, with 28 banks from across the Middle East, Europe, North America and Asia participating in the facility.

October 2008
Long Term Issue Credit Rating of ‘A-’ (stable) assigned by Standard and Poor’s.

November 2008
‘Elite Quality Recognition Award’ for operational excellence awarded by JP Morgan Chase.

December 2008
‘Bank of the Year – Bahrain 2008’ awarded by The Banker magazine.

December 2008
‘Best Foreign Exchange Bank Middle East 2009’ awarded by Global Finance.

January 2009
‘Best Trade Finance Provider in Bahrain 2009’ awarded by Global finance.

March 2009
"Best Bank in the "award from Global Finance.