Ahli United Bank K.S.C.P. Information

In 1971, the term of the concession awarded to the British Bank in the Middle East expired and the bank was ultimately owned by the Kuwaiti government and Kuwaiti citizens. Meanwhile, the name of the bank changed to Bank of Kuwait and Middle East (BKME). BKME kept on its outstanding performance achieving more accomplishments particularly after it has obtained its national birth certificate as a 100% Kuwaiti bank. 2002 marks the beginning of a new era of the bank's successes particularly after AUB Group - with its remarkable reputation and international presence in the banking industry - has become a major shareholder in the bank. AUBK's conversion to a Shari'ah-compliant bank on April 1, 2010 was the landmark event and historic turning point in the bank's history. The conversion into Islamic which was based on a prudent strategy adopted by the major shareholders and put into effect by the bank's executive management under the supervision of its Board of Directors has in fact propelled the bank vigorously towards penetrating the Islamic banking industry until AUBK has been able to position itself in the forefront of Islamic banking in the region. About AUB