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Al Ahli Bank of Kuwait KSCP (ABKK.KW)

ABKK.KW on Kuwait Stock Exchange

26 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Al Ahli Bank of Kuwait FY profit rises
Wednesday, 8 Feb 2017 04:37am EST 

Al Ahli Bank Of Kuwait : FY net profit 32.5 million dinars versus 30.4 million dinars year ago . Board proposes cash dividend of 11 fils per share for 2016 . FY total operating revenue 147.5 million dinars versus 128.5 million dinars year ago Source:(http://bit.ly/2kGBKCU) Further company coverage: [ABKK.KW] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

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

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