Al Ahli Bank of Kuwait Upgraded to Boursa Kuwait’s Premier Market

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Kuwait City, February 10: Al Ahli Bank of Kuwait (ABK) Group is pleased to announce the upgrade of its shares from the Main Market to the Premier Market of Boursa Kuwait, effective today.

This achievement is a testament to the Group’s success in meeting the criteria required for the upgrade, including the daily trading volume of the Bank’s stock and its nominal share and capital value.

Mr. Talal Behbehani, Chairman of ABK, expressed his satisfaction with the Bank’s qualification to Boursa Kuwait’s Premier Market, emphasizing “This milestone underscores the strength of the Group’s financial position and our unwavering adherence to technical standards and regulations.”

He clarified that the upgrade signifies shareholders’ confidence in ABK’s stock, as evidenced by the trading rates aligning with stipulated requirements. Mr. Behbehani also highlighted the potential for increased trading in ABK’sstock by international institutions and funds followingBoursa Kuwait’s Premier Market index as a result of this development.

Mr. Behbehani conveyed his pride in this achievement, citing the Bank’s fruitful culmination of years of dedicated work, successful strategies, and the ability to overcomediverse challenges. He attributed this success to the sophisticated plans devised by the Bank’s Board of Directors, Executive Management, and staff members, all of whom have been instrumental in establishing efficient operational processes across the organization.

At the end of his statement, Mr. Behbehani expressed gratitude to the shareholders for their invaluable trust and emphasized his eagerness for the continued success of the ABK Group in the forthcoming period.

On his part, Mr. Abdulaziz Jawad, Chief Strategy Officer at ABK, stated, “This upgrade reaffirms the Bank’s consistent alignment with the expectations of local and foreign financial and investment communities, ensuring a secure environment for shareholders”. He underscored the successful investments which have positively impacted the Bank’s share and the traded liquidity rates.

Jawad clarified that the ABK Group planted a seed two years ago as part of its strategy. Today, that seed has blossomed into a remarkable achievement of being upgraded to Boursa Kuwait’s Premier Market. He said, “This is a reflection of our growth, stability, and success and is testament to the Group’s vision and dedication, paving the way for continued excellence in the financial market.”

Attracting Investors

Mr. Jawad highlighted, “ABK Group is dedicated to strengthening its competitive position in the Kuwaiti banking sector and bolstering its impact on the country’s economic landscape through the development of diverse banking and financing solutions and products. This effort aims to attract a greater number of local and foreign investors to engage in trading its shares.”

About ABK

Since its establishment in 1967, ABK has progressed to become one of the leading Kuwaiti banks in the region that offers a wide array of personal, corporate, and private banking products and services. ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, ABK Capital.

Across the region, the Bank offers individuals and corporates the convenience of comprehensive banking and financial services in the Egyptian market through ABK-Egypt’s network of 45 branches.

This is in addition to ABK’s three branches located in Dubai, Abu Dhabi, and Dubai International Financial Centre (DIFC) in the United Arab Emirates, servicing both Kuwaiti and Emirati individual and corporate clients.

ABK is a strong supporter of Central Bank of Kuwait and Kuwait Banking Association’s ‘Let’s Be Aware’ awareness campaign. Through its various initiatives, the Bank aims to promote financial inclusion by educating Kuwaiti society about customer rights, responsibilities, and the different types of banking and special needs services. Additionally, ABK consistently provides strategic information on how to avoid banking and financial fraud, loan application requirements, digital services, and more.

For more information about ABK, please follow the Bank’s Instagram account @abk_kuwait, visit eahli.com, contact Ahlan Ahli 1 899 899 or visit one of the Bank’s branches across Kuwait.

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