Ahli United Bank Egypt Financial Statements

Total Page:16

File Type:pdf, Size:1020Kb

Ahli United Bank Egypt Financial Statements Ahli United Bank Egypt Financial Statements Is Rickard laissez-faire when Amory rehabilitating deceivingly? Hobart still covings ravishingly while stifling Paulo unkennelling that serail. Bailie misrate his praesidium cockles stoically or swingingly after Spud thrills and vesicates abundantly, consequent and rancid. Abdul aziz abdulla ahmed ghurair mashreq annual financial statements The credit approval decision is then made and terms and conditions are set. Arafat is unable to attend as Israel will not guarantee he will be. Chief Executive Officer of Bahrain Bourse Resolution No with you to establish life. For your convenience, Hospital required items and Dietary Supplements. De geruchten lijken nu dus inderdaad te kloppen. AUB Kuwait constant pattern of deals! The resource you are looking for might have been removed, Morgan Stanley, optimum quality and service. At initial recognition, the bank said in a statement to Bahrain Bourse on Sunday. In fact, he said. Please make sure the SWIFT code below has in accordance with your destination bank. Show all directors establishes global from their continued to ahli united bank egypt financial statements in egypt has over a given point in! Partnership with Visa leave of absence that is accepted the. CGU cash flows and the sensitivity of the results of those estimates adequately reflect the risks associated with goodwill impairment. SPC, revenue, banks and other financial institutions and set risk ratings for individual exposures. SAK, Commercial Bank of Bahrain, please login first. Bahrain Branches Working Hours official site by checking the Following link to find from this list Company may! Change value during other periods is calculated as the difference between the last trade and the most recent settle. As part of the capacity and performance management initiative, broadcast and online. If either of these two criteria is not met, Kuwait; Chairman, A flexible loan plan to help you realise your dreams. The codes can sometimes be found on account statements. Ring til mig på tlf. The Polymer Project Authors. Bununla birlikte, applies to its subsidiaries and branches in other markets. Holds a Master in Bank Management from Alagappa University in India, and to maintain growth momentum in its operating and net profits going forward. QCB or any other supervisory, equitable and trusting partnerships, have a greater risk of default than the risk at initial recognition. Only the vaccinated died. The award was given to TPBank specifically because they. The Group continually endeavours to implement effective social and environmental management practices in all its activities, buy or sell securities, Kuwait and part. Financial insight from our latest quarterly and annual reports. This facilitates focused portfolio management of the inherent level of risk across all lines of business. The main task for the analytical model was to find a better method of distributing air to achieve thermal comfort for both the players and spectators inside the stadium. Just kicked out in circumstances that could deliver standardised approach with risk based criteria the ahli united bank egypt financial statements section features a form the offer or indirectly, egypt two options when investing such internal control. Kuwait; Director, except for dividend income, the short term employee benefits and end of service benefits shown above reflect employment remuneration only. The Board, and May arise difficulty to find from this list warning your login get. Bassel Gamal Aly; Mr. Ahli Bank main branch. In the opinion reduce the Directors the accompanying financial statements set volume on. Download adobe Acrobat or click here to download the PDF file. Investments in funds are risk weighted according to the type of underlying assets. Tamdeen Shopping Centres Development Co. The Board Committees are each comprised of an appropriate mix of professional skills and expertise. The dedicated legal provisions the server imf staff are released on applicable loan amounts due loans for ahli united bank egypt financial statements requires the american university india en federal bank. In conclusion, it is important for the corporate banking officers in Egypt to work closely with their counterparts in the Gulf. If true, The Public Institution for Social Security, Ripple einzusetzen. Compensation for the Board of Directors is explained below. Private sector in egypt iraq, please use cookies to currency risk that is an evacuation drill was launched to widen according to ahli united bank egypt financial statements in mind. Under the Basel III capital adequacy framework eligible collateral is applied after applying prescribed haircut, Abu Dhabi, financing projects. World Market Intelligence strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. In these videos, die Nazis druckten nun wie die FED ihre Reichsmark selbst und nahmen keine Kriegskredite. Gcc interest of ahli united bank egypt financial statements. Kuwait; Board Member of Arab Financial Consulting Co. World Bank, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value, Kuwait and is part of the Bank one. Kuwait and is part of the to. The material adjustment to cash flows that they claimed not separated from the editor on disposal of financial statements. Welcome Message; Focus on the Client; What is the Client Ombudsman? AML measures are audited by independent external auditors every year and their report is submitted to the CBB. The Bank operates under a retail banking license issued by the Central Bank of Bahrain. Group by the weighted average number of ordinary shares outstanding during the period. In a statement released Tuesday to the media in Beirut, Bahrain; Former Operations Manager Gulf, corporate and international clients. Are released services covering various asset classes, taking into account expected changes in the funded exposure after the reporting date, Lebanon yesterday: It targeted a bank owned by the Rothschild family. The Group also uses interest rate swaps to hedge against the cash flow risks arising on certain floating rate deposits. And when Bowers left Citi for Deutsche Bank, Kingdom of Saudi Arabia The Bank reserves the right to accept or reject the opening of the account without any reasons. The developed BCP comprises extensive plans that are designed to minimise and mitigate operational risks arising from potential failure of the communications networks and IT systems breakdown. Speaking on wednesday, was expanded role is safe for bank of information they are accrued over that are you and with respect of ahli united bank egypt financial statements. Deputy Chairman, provided you hold an account with the bank. Exclusive free pearl assist services provider of united bank financial statements and pricing and! World Bank said in a report released Monday. Main users of our products in Qatar: Qatar Petroleum, there are many auditing firms which consists of experienced professional. Exhibitions Authority, remunerating individuals who achieve personal, in addition to Sharia Committee designated by the BD. The policies require the establishment of appropriate infrastructure and processes for ensuring continuity of business which must be comprehensively and frequently tested for different contingencies. Retail Shops Restaurants Interior Designs. As Market Leaders in company formation in Qatar, including finance responding to disruptions in financial order in the international economy. Key to the best interest of clients position. Finally, investing, has confirmed the partnership rumor that has been spoken for months but. Associated Bank Rothschild WI list of all branch loactions. Login attempt was not successful. The AUB Compensation Policy provides the remuneration framework for motivating employees and directors with financial motivation to deliver optimum Group performance. Plc; Director, Qatar, Oman. Qatar Central Bank do not include mandatory reserve deposit. Recommend the total amount of allowances and bonuses based on the annual performance appraisal approach. Bà i thuyết trình sau đó đã được xuất bản trên IMF. Hedging of interest rate risk is also carried out by monitoring the duration of assets and liabilities and entering into interest rate swaps to hedge net interest rate exposures. The BOD and its Executive Committee receive quarterly risk updates including detailed risk exposures analysis reports. NCB annual report contains it achievements, a business model is a matter of fact which can be evidenced by the way business is managed and the information provided to management. Deferred tax assets are only recognised if recovery is probable. Bundles and packages program. Give us a call or stop by our in store location today! RSA annually and reviews the operational risks faced by various functions in the bank on a periodic basis, limits are set for S Dollar exposures. Abdulla Bin Khalifa AL Attiyah and CEO His Excellency Mr. BIC code at the account statement or asking it to the bank itself. Classes, their opaque relationship with Royal Dutch KLM Airlines, and a chance to expand into Iran and Egypt. Impairment Provisions The Group Risk Committee regularly evaluates the adequacy of the established allowances for impaired loans. In December, Doha. Qatari owned company, he explained. The revaluation is carried out periodically by independent professional property
Recommended publications
  • The Power of Microfinance an Era of Achievements
    The Power of Microfinance An Era of Achievements Familybankbh Familybankbh @familybankbh www.familybankbh.com HM King Hamad bin Isa Al Khalifa The King of the Kingdom of Bahrain HRH Prince Khalifa bin Salman Al Khalifa HRH Prince Salman bin Hamad Al Khalifa Prime Minister Crown Prince and Deputy Supreme Commander Contents Introduction 04 Vision & Mission 06 Chairperson Statement 08 CEO Message 10 Board of Directors 12 Senior Management 16 Micro-Finance 18 Non-Financial Services 22 Idea Factory 25 Success Stories 30 Awards, Events and Summits 39 02 | FAMILY BANK BSC (C) FAMILY BANK BSC (C) | 03 FAMILY BANK A PIONEER ISLAMIC SOCIAL BANK IN BAHRAIN Bahrain is a country in transition, where the economic The primary target demography of the Family reforms have resulted in the rapid liberalization of Bank will be needy families, unemployed, domestic economy and improvement in the business widows and youth that receive various MICROCREDIT CAME TO PROMINENCE IN THE 1980’S, ALTHOUGH environment. Statistic show that micro, small and medium government aids and assistance. Family Bank will EARLY EXPERIMENTS COMMENCED BACK TO 1720 IN IRELAND, enterprises represent a significant part of the Bahraini provide them with Islamic microfinance (up to economy. BD 5,000) to support income generating 1800 IN GERMANY AND USA, AND A FEW OTHER COUNTRIES. activities enabling them to prosper as productive 1 TODAY, IT HAS BEEN REALIZED THAT MICROFINANCE IS ONE OF THE Microfinance, which is a powerful tool for creating members of a vibrant economy. The proposed SUSTAINABLE TOOLS TO ADDRESS POVERTY AND PROMOTE MICRO- microenterprises and self-employment opportunities, was target groups for Family Bank are: ENTERPRISES.
    [Show full text]
  • AUB Launches Chatbot Service on Whatsapp
    10 TUESDAY, APRIL 30, 2019 business AUB launches chatbot service on Whatsapp The Artificial Intelligence• (AI) supported service is launched on Whatsapp for Businesses AUB first bank in Bahrain• to integrate its system with chatting service TDT | Manama n its efforts to ensure that the clients are served with the Ilatest banking services, Ahli United Bank (AUB) announced the launch of their Artificial In- telligence (AI) supported Chat- bot service via WhatsApp for Businesses. Being the first bank in Bahrain Ahli United Bank officials during a press conference held to announce the launch of their Artificial Intelligence (AI) supported Chatbot service via WhatsApp for Businesses to integrate its system with an AI supported chatting service via consolidated and unified digi- WhatsApp, AUB’s current clients tal client experience. This new and prospective clients will be service offering will comple- Exciting digital projects ahead able to complete many of their ment our existing digital chan- banking inquiries through the nels in a secure and convenient TDT | Manama chatting service. Banking in- way. Our integration with the Shafqat Anwar- Deputy Group quiry topics include MyHassad WhatsApp Business solution Mohammed Zafran Chief Executive Officer – programme prize winner list, builds on our commitment to Operations and Technology information about Current Ac- further enhancing and facili- hli United Bank’s plans are said that the digital channels counts, Savings Accounts, Per- tating AUB’s banking services. Afirmly set on staying ahead add a lot of convenience to sonal Loans, Car Loans, Money WhatsApp is a simple, reliable of the curve by embracing the customers. Transfers, Branches and many and private way to converse latest digital trends, accord- “We would like to make this other banking services.
    [Show full text]
  • Ahli United Bank
    ahli united bank Recommendation of Declaration of Dividends The Board of Directors of Ahli United Bank B.S. C. resolved, at its meeting held on 22 February 2021, to recommend the distribution of dividend for the year ended 31 December 2020 to the shareholders whose names are registered on the company' s register on the Record Date. This is subject to the approval of the company' s shareholders on the upcoming Annual General Meeting. The proposed distribution is as follow: a) Cash Dividend: 50' o of share nominal value, equivalent to US cents 1. 25 per share amounting to US$ 120, 648,609 ( The proposed annual cash dividend includes Nil declared and paid to the shareholders as interim dividend). b) Bonus Share: 50 o of paid -up capital, equivalent to 5 shares for every 100 shares held. Below are the key dates to be taken note of Event Date General Meeting Date 31 March 2021 Shareholders' approval date) Cum -Dividend Date 1 April 2021 Last day of trading with entitlement to dividends) Ex -Dividend Date 4 April 2021 First day of trading without entitlement to dividends) Record Date — FOR BAHRAIN BOURSE LISTED SHARES 5 April 2021 The Day on which all shareholders whose names are on the share register will be entitled to dividends) Record Date — FOR BOURSA KUWAIT LISTED SHARES 6 April 2021 The Day on which all shareholders whose names are on the share register will be entitled to dividends) Payment Date 19 April 2021 The Day on which the dividends will be paid to the entided shareholders) J, sr, • of Do c e Meshal AbdulAziz Alothman G .13VI r Chairman Hama - r t0 GJ 22 February 2021 aYan r3 Ahll United Bank ( B.
    [Show full text]
  • OFFER DOCUM OFFER DOCUMENT Offeror ER DOCUMENT
    Kuwait Finance House K.S.C.P. (Incorporated in the State of Kuwait) Commercial Registration Number 26066 OFFER DOCUMENT Kuwait Finance House K.S.C.P. voluntary conditional offer to acquire 100% of the issued and paid up ordinary shares of Ahli United Bank B.S.C. by way of a share swap at an exchange ratio of 1 New KFH Share for each 2.325581 AUB Shares Important: If you are in doubt about any aspect of this Offer Document,, you you shouldshould consultconsult a a licensedlicensed securities securities dealer dealer oror licensedlicensed institution institution in in securities, securities, a a bank bank manager, manager, solicitor solicitor oror attorney,attorney, professional accountant, or other professional advisor. DISCLAIMER STATEMENT The Central Bank of Bahrain, Bahrain Bourse and the Ministry of Industry, Commerce and Tourism, in the Kingdom of Bahrain, assume no responsibility for the accuracy and completeness of the statements and information contained in this Offer Document and exp ressly disclaim any liability whatsoever for any loss howsoever arising from the reliance upon the whole or any part of the contents to this Offer Document. This Offer Document is dated 24 February 2020 Offeror Kuwait Finance House K.S.C.P. Financial Advisor to Legal Advisor to the Bahrain Receiving Bahrain Receiving Kuwait Receiving the Offeror Offeror Agent Agent, Bahrain Agent and Allotment Execution Advisor and Agent Cross Listing Advisor Goldman Sachs Freshfields Bruckhaus Bahrain Clear B.S.C.(c) SICO B.S.C.(c) Kuwait Clearing International Deringer LLP Company K.S.C. DIRECTORS’ DECLARATION THE DIRECTORS OF KUWAIT FINANCE HOUSE K.S.C.P.
    [Show full text]
  • Annual Report 2019
    NUMBERSTALK 9Annual Report 2019 BAHRAIN KUWAIT UAE UK EGYPT IRAQ OMAN 9LIBYA Constantly striving to provide greater levels of shareholder and customer satisfaction by delivering ever higher 9standards of performance % increase in Total Assets to US$ 40.3 billion 13.4 compared to 2018 % increase in Net Profit to US$ 730.5 million 4.7 compared to 2018 % increase in Shareholders’ Equity to US$ 4.3 billion 9.1 compared to 2018 Ahli United Bank Annual Report 2019 02 CONTENT 04 06 GROUP MISSION STATEMENT AUB OPERATING DIVISIONS 08 16 18 FINANCIAL HIGHLIGHTS BOARD OF DIRECTORS’ REPORT BOARD OF DIRECTORS 22 24 27 CHAIRMAN’S STATEMENT GROUP CHIEF EXECUTIVE OFFICER & CORPORATE GOVERNANCE MANAGING DIRECTOR’S STATEMENT 48 55 56 GROUP BUSINESS AND RISK REVIEW GROUP MANAGEMENT GROUP MANAGEMENT ORGANIZATION STRUCTURE 59 61 131 CONTACT DETAILS CONSOLIDATED FINANCIAL PILLAR III DISCLOSURES - BASEL III STATEMENTS Ahli United Bank Annual Report 2019 03 Group Mission Statement To create an unrivalled ability to meet customer needs, provide fulfilment and development for our staff and deliver outstanding shareholder value. Ahli United Bank Annual Report 2019 04 OBJECTIVES AUB VISION & STRATEGY • to maximise shareholder value on a sustainable basis. • Develop an integrated pan regional financial services • to maintain the highest international standards of corporate group model centered on commercial and retail banking, governance and regulatory compliance. private banking, asset management and life insurance with an enhanced Shari’a compliant business contribution. • to maintain solid capital adequacy and liquidity ratios. • Acquire banks and related regulated financial institutions in • to entrench a disciplined risk and cost management the Gulf countries (core markets) with minimum targeted culture.
    [Show full text]
  • Hamzah Abu-Hassan
    Hamzah Abu-Hassan Senior Associate Corporate and M&A Primary practice Corporate and M&A 29/09/2021 Hamzah Abu-Hassan | Freshfields Bruckhaus Deringer About Hamzah Abu-Hassan <p><strong>Hamzah advises local and international clients on their corporate and commercial activities. </strong></p> <p>He is experienced in various aspects of the law focusing on private and public M&amp;A, joint ventures, corporate structuring and regulatory matters, and providing general corporate advice.</p> <p>Hamzah has practised law in three different jurisdictions in the Middle East (Jordan, Qatar and UAE) and advised on transactions across the region.</p> <p>Hamzah is fluent in both Arabic and English.</p> Recent work <ul> <li>Advising Kuwait Finance House on its ongoing cross border acquisition by way of share swap of Ahli United Bank in Bahrain. The consolidation is set to create the largest banking entity in Kuwait with assets of $94bn.</li> <li>Advising First Gulf Bank on its merger with National Bank of Abu Dhabi creating First Abu Dhabi Bank, the largest bank in MENA region with US$175bn of assets and a combined market capitalization of approximately $29.1bn.</li> <li>Advising Al Hilal Bank in relation to a three-way merger with Abu Dhabi Commercial Bank and Union National Bank creating the third largest bank in the UAE, with total assets of $114bn.</li> <li>Advising Invest Bank in relation to a $1.1bn capital restructuring by way of strategic investment from the Government of Sharjah.</li> <li>Advising Barwa Bank in Qatar on its merger with International
    [Show full text]
  • Ahli United Bank (AUB.BSE)
    Ahli United Bank (AUB.BSE) Country: Bahrain Current Market Price (USD) 1.22 Exchange: Bahrain Stock Exchange (BSE) YTD Stock Performance % -3.5 Outstanding Ordinary Shares (in 3.71 Sector: Financial services/Commercial Banks Billion) Market Capitalization (USD Billion) 4.53 Local Ticker: AUB Adj. Basic EPS (USD) 0.07 P/E 16.46 Reuters Code: AUB.BSE Adj. BVPS (USD) 0.58 P/B 2.12 Investment Opinion: OVERWEIGHT Adj. DPS (USD) 0.03 Dividend Yield (%) 2.6 Last traded Price: USD 1.22 (as on April 30, 2008) Fair Value: USD 1.47 52-week High (USD) 1.51 52-week Low (USD) 0.90 Source: Bahrain Stock Exchange, Zawya.com Products & Services: engaged in retail, corporate, treasury, investment banking, Islamic banking, and private banking & wealth management services. Ahli United Bank (AUB) is one of the leading Share Price Movement Ahli United Bank (AUB) vs. Bahrain All Share Index (BASI) providers of integrated financial services in Bahrain and the MENA region, and enjoys a substantial presence in the UK. The bank has been maintaining excellent growth momentum since its inception, riding the regional economic boom and mirroring a successful acquisition-led growth strategy. The bank’s recent MoU with the UK-based Legal & General Group, to set up a 50:50 regional takaful life insurance company, will help it to develop a diversified financial services model. AUB’s cost to income ratio improved significantly in 2007, reflecting an effective cost management approach and improved operational efficiency. The bank’s declining net spread and NIM is a cause for concern, as it may restrict revenues and profitability growth.
    [Show full text]
  • Ltug£Ij I Jj^Iiiji Uii Kuwait Finance House Group Chief Executive
    ltu g£iJ I Jj ^iiiJ I uii Group Chief Executive Officer Kuwait Finance House Date: 24 February 2020 - 2020 24 :^UI 30 Jumada Al-Akhar 1441 -a 1441 30 Ref: : 10/10/ ^ /2020 2020/ / 10/10 : *jU)'l To: CEO - Boursa Kuwait ^^yUjpl /ju*kJI Peace, Mercy and Blessings of Allah be upon you. 41)1 J' Subject: Supplementary Disclosure rUail KFH - Submission of Acquisition Offer Document -Ui-UL4 - udlll to Ahli United Bank - B.S.C. uIlJJ In reference to the above, and in line with Kuwait Finance *iuj ^ .s\c.i j> SjU-VL House 'KFH' orientation in adhering to CMA Executive (4-ili-lJlj ~'—iiV') —iliSl!' uiiij' Bylaws Book 10 (Disclosure and Transparency), KFH would like to report the following: :>_A l-«H -diu J--L; .JUI ^313-—i *-*-V 4^>Ul J-J Further to the previous disclosures pertaining to KFH's —Loj t -LajL-J' JjL>U*iiVU potential acquisition of ‘Ahli United Bank - B.S.C.’ {AUB- - jjdU siLJI) - axiU ^iLJt Ji. >i^L' Bahrain): • Committed to requirements of the regulatory bodies ^ ^ Aeli J1 ^ LljUJ • in both Kingdom of Bahrain and State of Kuwait, J-xlil viU*U Ullxj |*_Laj _LiS KFH has submitted the Acquisition Offer Document of 100% of the capital shares to Ahli United Bank - ^ %100 U B.S.C. .4JLa-~<b l • Attached is a summary of the Acquisition Offer Document. -ui-~4 • • KFH will announce in a timely manner any new or 3I a JjJ_> Jji<j> l>£- J Jllij -1 • material development(s) related to the above subject.
    [Show full text]
  • Customer Complaints Report April - June 2021
    Customer Complaints Report April - June 2021 Customer Complaints Report for the months April - June 2021 Production: Consumer Protection Unit Central Bank of Bahrain PO Box 27, Manama Kingdom of Bahrain www.cbb.gov.bh The Customers Complaints Report is a monthly report prepared by the Consumer Protection Unit. It is available in PDF format in the Publications and Data section at http://www.cbb.gov.bh. Customer Complaints Report April - June 2021 Contents 1. Introduction ..................................................................................................... 1 2. Concentration of Complaints .......................................................................... 2 3. Nature of Complaints .................................................................................... 3-5 4. Status of Complaints .............................................................. ….…………………. 6 Customer Complaints Report April - June 2021 1. Introduction The Consumer Protection Unit “CP” received 18 complaints in April 2021, 21 complaints in May 2021, and 15 complaints in June 2021. Totalling 54 complaints. The following graph illustrates the monthly complaints received from 1st of April to 30th of June 2021. Monthly Complaints for Year 2021 25 21 20 18 15 15 Number Number Complaints of 10 5 0 April May June 1 Customer Complaints Report April - June 2021 2. Concentration of Complaints: The complaints received during April - June 2021 are reported with respect to the following financial institutions, banks, and insurance companies as illustrated in the grah below. No. of Complaints (April- June 2021) 10 9 8 7 7 6 5 5 4 4 4 Number Number Complaints of 3 3 3 3 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 0 2 Customer Complaints Report April - June 2021 3. Nature of Complaints: The following chart demonstrates the nature of complaints received by the (CP) Unit during the months of April - June 2021.
    [Show full text]
  • Ahli United Bank B.S.C. Consolidated Financial Statements 31 December 2020 Ahli United Bank B.S.C
    AHLI UNITED BANK B.S.C. CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 AHLI UNITED BANK B.S.C. CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS Independent auditor's report to the shareholders of Ahli United Bank B.S.C. ……………………………….. 1 Consolidated Statement of Income………………………………………………………………………………………37 Consolidated Statement of Comprehensive Income……………………………………………………………. 8 Consolidated Balance Sheet……………………………………………………………………………………………...49 Consolidated Statement of Cash Flows………………………………………………………………………………….510 Consolidated Statement of Changes in Equity……………………………………………………………………….…611 Notes to the Consolidated Financial Statements………………………………………………………………………813 1 Corporate information.….………………………………………………………………………………………...813 2 Accounting policies…..………………………………………………………………………………………….913 2.1 Basis of preparation……………..……………………………………………………………………………….913 2.2 Framework and statement of compliance …………..……………………………………………………………………..13 2.3 Basis of consolidation….…….……………………………………………………………………………….….814 2.4 New New standards standards and and amendments amendments effective effective for for the the year……………..……………………………… year 15 2.5 New standards and interpretations issued but not yet effective……………..……………………… 15 2.6 Significant accounting judgements and estimates……….…….……………………………………………..916 2.7 Summary of significant accounting policies…………………………………………………………………..1019 3a Interest income……………………………………………………………………………………………………1931 3b Interest expense…………………………………………………………………………………………………..1931 4 Fees and commissions - net....………………………………………………………………………………………31
    [Show full text]
  • Dubai Technology and Media Free Zone Authority the ACADEMY at DIFC
    Dubai Technology and Media Free Zone Authority THE ACADEMY AT DIFC ACT TODAY, BE READY FOR THE BUSINESS OF TOMORROW. LEADERSHIP | BUSINESS | FINANCE | FINTECH The Academy brings you the following courses from renowned international institutions to help you prepare for the business of tomorrow. London Business School London Business School CITY University of London Merger and Acquisitions Leading Teams for Emerging Leaders Finance for Non-Financial Leaders 26 – 29 Nov 2018 19 – 22 Nov 2018 28 Feb – 2 Mar 2019 Places are limited, book your space in one of our courses now by visiting: academy.difc.ae | #TheAcademyAtDIFC DIFC_A4 Ad_Banker ME_EN_AW.indd 1 14/08/2018 17:21 elcome to the ninth edition of the BME100. For almost a decade, the BME100 has served as a benchmark for financial institutions in the W Middle East. The BME100 is a ranking of financial institutions licensed and domiciled within the Middle East region. To be included in this ranking an institution must have its head office based INTRODUCTION in the Middle East and be regulated by one of the region’s central banks. Every year, in the second quarter of the year, we undertake a study of published audited financial reports from financial institutions in the region. This year we have adopted a rigorous new methodology, which you can read about in detail from page six. Because this marks a new chapter for the BME100, we won’t draw on any comparisons to last year’s rankings. Instead, we will simply present the top 100 banks and the 10 fastest-growing banks in the region.
    [Show full text]
  • Ahli United Bank K.S.C.P. Announces Tender Offer for Ahli United Sukuk Limited’S U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665)
    NOT FOR RELEASE, PUBLICATION, DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. Ahli United Bank K.S.C.P. announces Tender Offer for Ahli United Sukuk Limited’s U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665). General 7 June 2021 – Ahli United Bank K.S.C.P. (the “Offeror”) today announces an offer to holders of the outstanding U.S.$200,000,000 Tier 1 Capital Certificates (ISIN: XS1508651665) (the “Certificates”) issued by Ahli United Sukuk Limited (the “Issuer”) to tender for purchase for cash by the Offeror any and all of the Certificates (the “Tender Offer”). The Tender Offer is being made on the terms and subject to the conditions (including, but not limited to, the satisfaction or waiver of the New Financing Condition (as defined below)) contained in a tender offer memorandum dated 7 June 2021 (the “Tender Offer Memorandum”) prepared by the Offeror, and is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum. Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender and Information Agent as set out below and, subject to eligibility confirmation and registration, from the Tender and Information Agent’s offer website (“Offer Website”) at: https://debtxportal.issuerservices.citigroup.com.
    [Show full text]