AUB donates BD 5,000 to Bahrain Red Crescent Society
Ahli United Bank is supporting the Bahraini Red Crescent Society with a donation of BD 5,000, as part of the Bank’s ongoing social responsibility initiatives.
AUB’s Private Banking Relationship Manager Bassam Al-Tattan, handed over a cheque for the donation to Mohammed Ebrahim, Administrative Supervisor of Bahrain’s Red Crescent Society, during a special ceremony at the Bank’s headquarters in Seef.
Mr. Ebrahim thanked AUB for the generous donation which will help fund the society’s annual Ramadan assistance programme destined to families in need across Bahrain.
Bassam Al-Tattan said: “At AUB, we are pleased to support the efforts of the Bahraini Red Crescent Society, a trusted name in Bahrain which continues to play a key role in channelling both assistance and volunteers’ energy to worthy causes in Bahrain and abroad”.
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.