Key Developments: Al Ahli Bank of Kuwait KSC (ABKK.KW)

ABKK.KW on Kuwait Stock Exchange

325.00219
3 Sep 2015
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Latest Key Developments (Source: Significant Developments)

Piraeus Bank SA will divest Piraeus Bank Egypt to Al Ahli Bank of Kuwait KSC
Thursday, 21 May 2015 10:46am EDT 

Piraeus Bank SA:Has reached a deal with Al Ahli Bank of Kuwait K.S.C.P. to divest its 98.5 pct stake in Piraeus Bank Egypt for 150 mln euros.Says as part of the deal, Al Ahli bank will be transfered its 23 mln euro loan obligations from its operations in Egypt.Says transaction improves its liquidity by around 200 mln euros and increases its CET-1 rating by 30 grades.Says Mediobanca has been the financial advisor and Norton Rose the legal advisor for the transaction.Says completion of deal is subject to approval from the Central Bank of Egypt.  Full Article

Al Ahli Bank of Kuwait KSC recommends 13pct cash dividend for FY 2014
Monday, 26 Jan 2015 06:07am EST 

Al Ahli Bank of Kuwait KSC:Says that its board of directors has recommended the distribution of a 13 percent cash dividend representing 0.013 Kuwaiti dinar per share, for the fiscal year ending Dec. 31, 2014.  Full Article

Al Ahli Bank of Kuwait KSC appoints new chairman of the board
Saturday, 27 Dec 2014 07:00pm EST 

Al Ahli Bank of Kuwait KSC:Announces the appointment of Talal Mohammed Redha Bahbahani as the company's new chairman of the board, to succeed Ahmad Yousef Bahbahani, effective as of Dec. 24.  Full Article

Fitch affirms Al Ahli Bank of Kuwait KSC ratings
Saturday, 22 Nov 2014 07:00pm EST 

Al Ahli Bank of Kuwait KSC:Announces that Fitch Ratings has affirmed its short-term rating at "F1", Viability Rating at "bb+", Support Rating at "1", and Support Rating Floor at "A+".  Full Article

Moody's Investors Service affirms Al Ahli Bank of Kuwait KSC ratings with stable outlook
Thursday, 16 Oct 2014 05:13am EDT 

Al Ahli Bank of Kuwait KSC:Announces that Moody's Investors Service has affirmed the bank's A2/Prime-1 long- and short-term deposit ratings.Says at the same time, Moody's has affirmed the bank's D+ standalone bank financial strength rating (BFSR), equivalent to a baseline credit assessment (BCA) of baa3.Says the outlook on the ratings is stable.  Full Article

Al Ahli Bank of Kuwait KSC announces cash distribution date for FY 2013
Saturday, 22 Mar 2014 08:00pm EDT 

Al Ahli Bank of Kuwait KSC:Says that the cash dividends of 0.013 Kuwaiti dinar per share for the fiscal year ending Dec. 31, 2013 will be distributed on March 26. Beneficiaries of the dividends are the company's shareholders who are registered on the general assembly meeting, which was held on March 22.  Full Article

Moody's reaffirms Al Ahli Bank of Kuwait KSC ratings
Saturday, 15 Feb 2014 07:00pm EST 

Al Ahli Bank of Kuwait KSC:Says rating has been reaffirmed by Moody's at "A+" rating for faltering credit rating of the long-term, Bank's sustainability and growth at "BB+", and support rating at "1", and based support rating at "A+", with future stable outlook.  Full Article

Al Ahli Bank of Kuwait KSC recommends 13 percent cash dividends for FY 2013
Saturday, 25 Jan 2014 07:00pm EST 

Al Ahli Bank of Kuwait KSC:Says that its board of directors has recommended the distribution of a 13 percent cash dividend representing 0.013 Kuwaiti dinar per share, for the fiscal year ending Dec. 31, 2013.  Full Article

Moody’s Investors Service Reaffirms Al Ahli Bank of Kuwait KSC Ratings
Saturday, 26 Oct 2013 08:00pm EDT 

Al Ahli Bank of Kuwait KSC announced that Moody’s Investors Service reaffirmed on October 21, 2012, its A2/B-2 long and short-term foreign currency deposit ratings, Bank's financial strength at "D+", Basic Credit Rating at "BAA3", and the Amended Basic Credit rating at "BAA3" with future stable outlook.  Full Article

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