Ahli United Bank Honours Long Serving Employees
The loyalty, dedication and long-standing contributions of Ahli United Bank employees were celebrated at a special event held at the Bahrain Ritz Carlton recently. In all, 255 staff members were recognized for their long and distinguished years of service, having served the Bank and its customers for a combined total of over 2700 years.
On hand to recognise and congratulate the honoured employees was AUB’s Group CEO & Managing Director Adel El-Labban, who said: “It is an honour to be able to join this meeting of AUB family, to celebrate the course of time, shared experiences and career longevity of such dedicated colleagues who made serving the Bank and its customers a passion, a mission and an unremitting commitment over many fruitful years. A strong word of thanks is due to each and every one of them for their tremendous contribution to AUB’s progress and expansion over the years and whose talent, discipline and hard work have enabled us to become the regionally and internationally recognised bank that we are today”.
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.