Rank: 18
Ahli United Bank (AUB)
Date of Establishment: 2000
Country: Bahrain
Group CEO and Managing Director: Adel A. El-Labban
Sales: $1.8 billion
Profits: $486 million
Assets: $40.1 billion
Market Value: $7.5 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 with a workforce of 4,000 serving 151 branches across eight countries. In 2020, AUB reported a decrease of 38% in profits compared to 2019. AUB has signed the UN’s Principles for Responsible Banking, which align global banking practices with the Sustainability Development Goals. Adel A. El-Labban has been the company’s Managing Director and CEO since 2000.