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.

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