ABK Group

About ABK

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Profile

Since its establishment in 1967, Al Ahli Bank of Kuwait (ABK) has progressed to become one of the leading Kuwaiti banks in the region that is today known for offering ‘Simpler Banking.’ The Bank offers personal, corporate, and private banking of which includes a wide array of products and services.

ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, Ahli Capital Investment Company (K.S.C.C) known as ABK Capital. Established in 2006, it is a leading regional investment firm that provides asset management solutions as well as investment advisory services.

ABK’s strong management coupled with its focused strategy have contributed to its stability and continued expansion and growth across the region to service other markets in Egypt and the UAE.

ABK currently has 29 branches located in Kuwait and 45 in Egypt. In the UAE, it has two full service branches located in Abu Dhabi and Dubai, where it was the first Kuwaiti bank to have a branch in the country, as well as one wholesale banking branch in Dubai International Financial Centre (DIFC).

Throughout the years, the Bank’s long-term regional aspirations have developed into strategic alliances with world-class partners. Among these is ABK’s relationship with Emirates Skywards, with whom the Bank has established the country’s first co-branded credit card partnership in 2002, which offers cardholders the opportunity to earn and redeem Skywards Miles.

ABK has received numerous awards from reputable institutions throughout the years, attesting to its organizational strength. Among these, ABK has been ranked amongst the top 10 safest banks in the Middle East multiple times by Global Finance. The Bank also continues to enjoy strong credit ratings of A2 from Moody’s and A from Fitch.

Vision

Reimagining a simpler bank

Mission

To consistently provide experiences that simplify and enrich people’s lives

Core Values

Transparency

We will be clear and open in all our dealings with our customers and stakeholders. Although excessive transparency may create a backlash, we accept the consequences.

Integrity

We will be driven by what is good for customers and shareholders, not what is good for our short-term bottom line, because in the end, customer satisfaction will lead to long-term shareholder value.

Simplicity

We will constantly strive to make banking simpler for our customers with easy documentation and processes, friendly people, and quick delivery to offer better products and services. Doing things simply is not doing simple things.

Excellence

Is a result of the aforementioned and can be defined as simpler, faster, and better.

Key Milestones

1967

Established by Amiri Decree

1968

Official Inauguration and commencement of activity in the first Head Office

1973

Inauguration of second Head Office

1986

Acquisition of Al Ahli Bank Ltd. becoming the first Kuwaiti bank branch in the UAE

1987

Inauguration of the current Head Office

2002

Co-branding credit card partnership with Emirates Skywards

2015

Acquisition of Piraeus Bank Egypt

2018

Obtained license from Dubai International Financial Centre (DIFC)

2021

Launch of Alfouz draw account

2021

Issued first Sustainability Report

2024

Upgraded to Boursa Kuwait's Premier Market