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Bank holds its AGM for 2021, approves 5% bonus shares Kuwait, 17 April 2022: Al Ahli Bank of Kuwait (ABK) concluded its Ordinary and Extraordinary General Meetings on Saturday, 16 April 2022. The General Meeting was held at 11:00 am followed by the Extraordinary General Meeting with an 92.337% vo ....
RIYADH: Al Ahli Bank of Kuwait swung into profit by the end of 2021, recording over 27 million Kuwaiti dinars ($89 million), Kuwait News Agency reported. The bank did so from a net loss of 69.7 million Kuwaiti dinars during the same period in 2020. This has been attributed to improved operating income and lower provisioning costs. International operations in Egypt and the UAE ....
Board recommends distribution of 5% bonus shares KUWAIT CITY, Feb 11: Al Ahli Bank of Kuwait (ABK) announced its financial results for the year ended 2020. The Total Operating Income was KD 141.5 Million, an 18 percent drop compared to the same period in 2019. The COVID-19 pandemic has greatly disrupted the business of global and local companies and led to almost a halt in commercial and economic activities locally and internationally, causing massive effects on social, commercial and economic levels. As a result of the Board of Directors’ resolution to take prudent and proactive measures to mitigate potential credit losses resulting from some customers affected by the economic crisis caused by the Coronavirus pandemic, and especially taking into account that the pandemic has not yet ended, and still represents risks to business continuity, the Bank has conservatively taken provisions amounting to KD 136.5 Million, resulting in a Net Loss of KD 69.7 Million for ....