Ahli United Bank honours long service employees
The loyalty, dedication and long-term commitment of Ahli United Bank staff members was celebrated at a special ceremony held at the Diplomat Radisson Blu Hotel recently. In all, 159 staff members were recognized for their long and distinguished service to the Bank and its customers as they reached milestone terms of 30, 25, 20 15, 10, and 5 years of continuous employment by end of 2015.
On hand to congratulate and present the awards to the honoured staff was AUB’s Group CEO & Managing Director Adel El-Labban, who expressed his pride and appreciation for the commitment and professionalism of all honoured staff and for what each and every one of them contributed to AUB’s progress and expansion over the years, which saw it grow from its local roots in Bahrain to a full-fledged regional banking group spanning the MENA region and the UK.
The ceremony saw staff honoured from across AUB Bahrain’s departments as well as its extensive network of branches in Bahrain.
Ahli United Bank
Ahli United Bank BSC (AUB) is a full fledged commercial and investment banking group providing wealth management, retail, corporate, treasury, offshore and private banking services.
The Group's businesses consist of the operations in Bahrain, a wholly owned subsidiary in the UK and associates in Kuwait, Qatar, Oman, Egypt and Iraq. In Kuwait, AUB has an effective holding of 75% in the Bank of Kuwait and The Middle East while in Qatar, AUB has a 40% stake in Ahli Bank QSC. In Oman, AUB has a 35% stake in Ahli Bank SAOG while in Iraq AUB has a 49% stake in the Commercial Bank of Iraq. In Egypt, AUB, its associate banks and other Gulf financial institutions together hold an 89.3% stake in Ahli United Bank SAE. Apart from these banks, AUB has a nominal stake of 75% in KMEFIC, a brokerage, asset management and corporate finance company based in Kuwait with operations around the Arabian Gulf.
Overall, the AUB Group, through its subsidiaries and associates, operates through a network of 93 branch offices and employs over 3,000 people.
AUB’s stated mission is to create an unrivalled ability to meet customer needs, provide fulfillment and development for staff and to deliver outstanding shareholder value. AUB’s strategy is to expand through both organic growth and acquisition in order to act as a ‘multifaceted financial bridge’ between the international financial markets and its Gulf clients. It has sought to establish an operating presence in each of the Pan-GCC countries with a targeted 10% - 20% market share. To this end, AUB continues to develop and invest to increase its ability to acquire new businesses and rapidly integrate them with the bank’s systems. This development has helped accelerate progress in the delivery of financial services and penetration into targeted geographical markets.