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Wallets/ahli-united-kuwait

Ahli United Bank Kuwait

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Key details

  • Launch: 1971

Overview

Ahli United Bank Kuwait is Kuwaiti commercial banking subsidiary of Kuwait Finance House KFH KWSE: KFH + Kuwait Finance House KFH parent ~100%+ controlling post-Oct 2 2022 Ahli United Bank AUB Bahrain group acquisition + subsequent Islamic conversion + KFH Kuwait integration + one of Kuwait's mid-sized commercial banks + founded 1971 in Kuwait City Kuwait as Bank of Kuwait and the Middle East BKME then 2010 Ahli United Bank Kuwait rebrand 1, Kuwait report.

Note: not to be confused with ABK Al Ahli Bank of Kuwait (Al Ahli Bank of Kuwait; KWSE: ABK), a separate, independent Kuwaiti bank.

History

1971 — Bank of Kuwait and the Middle East BKME founded in Kuwait City Kuwait as Kuwaiti commercial bank distinctive Kuwaiti banking heritage.

2010 — Ahli United Bank Kuwait rebrand consolidating Bank of Kuwait and the Middle East BKME into the Ahli United Bank AUB Bahrain group.

Oct 2 2022 — Kuwait Finance House KFH acquires the Ahli United Bank AUB Bahrain group for ~$11.6B, making Ahli United Bank Kuwait a KFH subsidiary.

2023–2024 — Islamic conversion + integration of Ahli United Bank Kuwait operations into Kuwait Finance House KFH Kuwait.

2014 — AUB Kuwait Mobile banking app launch.

Ownership & operator

Operating entity: Ahli United Bank Kuwait AUBK (Kuwaiti commercial banking subsidiary of Kuwait Finance House KFH KWSE: KFH parent).

Major shareholders: Kuwait Finance House KFH (KWSE: KFH) Kuwaiti parent ~100%+ controlling post-Oct 2 2022 AUB Bahrain group acquisition.

Regulators: Central Bank of Kuwait CBK.

Technical integration

AUB Kuwait Mobile app (iOS + Android) + ahliunited.com.kw online + Ahli United Bank Kuwait branch network across Kuwait + AUB Kuwait Visa + Mastercard cards; EMVCo QRCPS QR payments + K-Net QR (Kuwaiti national QR payment scheme) + Kuwaiti Dinar KWD domestic transfers.

Implementations & partners

Parent group: Kuwait Finance House (KFH) / KFHOnline (Kuwait Finance House KFH; KWSE: KFH; world's second-largest Islamic commercial bank by assets post-AUB acquisition) + Ahli United Bank (Ahli United Bank AUB; Bahraini commercial bank; sister entity within KFH parent group).

Major Kuwaiti banking + payments competitors: NBK (National Bank of Kuwait) (National Bank of Kuwait NBK; KWSE: NBK) + Burgan Bank (Burgan Bank; KWSE: BURG) + Gulf Bank Kuwait (Gulf Bank Kuwait; KWSE: GBK) + Commercial Bank of Kuwait (Commercial Bank of Kuwait CBK; KWSE: CBK) + Boubyan Bank (Boubyan Bank; KWSE: BOUBYAN) + Warba Bank (Kuwait) (Warba Bank; KWSE: WARBA) + Kuwait International Bank (Kuwait International Bank KIB; KWSE: KIB).

Regulators: Central Bank of Kuwait CBK.

Status

Integrated into KFH — Kuwaiti commercial banking subsidiary of Kuwait Finance House KFH KWSE:KFH + KFH parent ~100%+ controlling post-Oct 2 2022 AUB Bahrain group acquisition + subsequent Islamic conversion + KFH Kuwait integration + founded 1971 in Kuwait City Kuwait as Bank of Kuwait and the Middle East BKME then 2010 Ahli United Bank Kuwait rebrand 1, 2.

Sources

Source

Biography extracted from ahli-united-kuwait.md. See matrix.md for standards-support matrix if present.

source · content/wallets/ahli-united-kuwait/index.md