THE MIDDLE EAST'S

TOP 30 BANKS 2022

Ahli United Bank

19. Ahli United Bank (AUB)

Country : Bahrain
Group CEO: Adel A. El-Labban
Market value: $9.3 billion
Revenues: $1.6 billion
Profits : $638 million
Assets: $41.9 billion

AUB was formed in May 2000 by a merger of the United Bank of Kuwait PLC and the Al-Ahli Commercial Bank B.S.C. It is one of the largest banks in the Middle East. It employs 3,294 people across eight countries. The Kuwaiti Public Institution for Social Security owns 18.9% of AUB, and Bahrain’s Social Insurance Organization owns a 10.01% stake. The bank reported $607.2 million in net profits attributable to its equity shareholders in 2021, an increase of 34% compared to 2020.