Tuesday 03, June 2008 by

Global values Ahli United Bank at $1.37 and recommends a hold on the stock

A new report by Global Investment House (GIH) on Ahli United Bank (AUB) says that the Bahrain-based bank came up with good results for 2007 with the bank reporting a consolidated net profit of $296.3 million for the year, an increase of 42.8 per cent over the consolidated profit of $207.5 million reported in the previous year. During 2007, the bank acquired a 35 per cent stake in Alliance Housing Bank Oman, marking AUB's entry into the sultanate.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more