Al Ahli Bank of Kuwait
 | |
 Branch in Egypt | |
| Type | Public bank |
|---|---|
| KSE:ABK | |
| ISIN | KW0EQ0100044 |
| Industry | Financial services |
| Founded | May 23, 1967 |
| Headquarters | , |
Number of locations | 76 (2025)[1] |
Area served | Kuwait, UAE, Egypt |
Key people | Talal Mohammed Reza Behbehani (Chairman) Giel-Jan M. Van Der Tol (CEO) |
| Revenue | KWD 62.2 million (2025) (USD 202 million)[1] |
| KWD 221 million (2025) (USD 715 million)[1] | |
| Total assets | KWD 7,1 billion (2025) (USD 22,5 billion)[1] |
| Total equity | KWD 720 million (2025) (USD 2,3 billion)[1] |
| Website | abk |
Al Ahli Bank of Kuwait (ABK; Arabic: البنك الأهلي الكويتي, romanized: al-Bank al-Ahlī al-Kuwaytī) is a retail and commercial bank located in Kuwait City, The services are provided via 29 branches in Kuwait, 2 branches in the United Arab Emirates (Abu Dhabi and Dubai) and 45 branches in Egypt.[2]
Together with Emirates, the largest airline in the Middle East, they offer to passengers various types of Visa credit and prepaid cards.[3]
History
[edit]On May 23, 1967. ABK is established by Amiri Decree in Kuwait City, In 1987 ABK becomes the first Kuwaiti bank to establish an onshore presence in the United Arab Emirates.[4]
In 2015, the bank acquired all assets of Piraeus Bank in Egypt for USD 150 million. Entering the Egyptian retail banking market.[5]
In 2016, the Global Finance magazine ranked ABK in 10th place on its List of the 50 Safest Banks in the Middle East.[6]
In 2025, Al Ahli Bank of Kuwait entered into a market-maker agreement with Kuwait Investment Company to support liquidity in its publicly traded shares on Boursa Kuwait.[7]
See also
[edit]References
[edit]- 1 2 3 4 5 "ABK Annual Report 2025". Docreader. Readspeaker.
- ↑ "Company Overview of Al Ahli Bank of Kuwait K.S.C.P." Bloomberg News.
- ↑ "Al Ahli Bank of Kuwait".
- ↑ SerAntony. "Al Ahli Bank of Kuwait (ABK)". Banks in UAE.
- ↑ "UPDATE 3-Kuwait's Al Ahli Bank buying Piraeus Bank Egypt for $150 mln". Reuters. 2015-05-21.
- ↑ "Global Finance Names The 50 Safest Banks In The Middle East 2016". 19 September 2016.
- ↑ "Al Ahli Bank of Kuwait Signs Market Maker Deal with Kuwait Investment Company". Arab Press.
