ABK – First Kuwaiti Bank to Open in Abu Dhabi
Al Ahli Bank of Kuwait is proud to announce that it is the first Kuwaiti bank to open a branch in the fast expanding and flourishing emirate of Abu Dhabi. The branch opened on Sunday 25th of January, 2009 and is now ready to begin serving its valued customers.
Al Ahli Bank of Kuwait (ABK) established in Kuwait in 1967 and now has 22 branches throughout the country; it was also the first Kuwaiti bank to establish in Dubai in 1986. The Dubai branch is operating as a full fledged commercial bank, providing international banking services and catering to the banking needs of Kuwaiti and local businessmen in Dubai.
Now ABK’s latest successful venture makes it the first Kuwaiti bank to open in Abu Dhabi. Although the ABK Branch in Abu Dhabi will initially cater mainly to its corporate clients, including trade financing and major projects in Abu Dhabi and the UAE, the branch will also be available to service its retail banking clientele.
A bank that is renowned throughout the Middle East for its excellent services, Mr. Ali Hilal Al Mutairi, Deputy Chairman & MD stated that "We are pleased to be the first Kuwaiti bank to be opening in Abu Dhabi. Abu Dhabi is a fast growing emirate that has a huge potential for all our corporate and retail clients to benefit from. We will use our years of expertise and professional management skills to invest in new and ongoing projects.”
Following the success of the opening in Abu Dhabi, ABK now has plans to open in Sharjah and Ras Al Khaimah, as well as further regional expansion in Qatar and the Sultanate of Oman.
Mr. Mutairi further explained that "The relationship between Kuwait and the other Gulf countries is very strong. ABK, with over forty years of banking excellence, maintains its market confidence and continues to develop strategy and deliver superior service and opportunities to its customers and shareholders. These values will ensure that the relationship remains a mutually beneficial one.”