Feb 18 2008 |
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AUB stock trading to open tomorrow
Trading in the converted shares of Ahli United Bank a the Bahrain Stock Exchange will commence tomorrow under the trading symbol ( AUB .P.T.) until the AUB 's Annual General Meeting is held to approve the financial results ended December 31, 2007, the Bahrain Stock Exchange announced yesterday.Director of Bahrain Stock Exchange , Fouad Rashid issued a resolution to list the ordinary shares converted from the preferred shares (class A) of the bank, as these were due for transfer on January 1 in accordance with the conditions of issuance.
Ahli United Bank , the largest publicly traded commercial bank in Bahrain, said full-year profit rose 43 per cent as loans to customers increased. Net income climbed to $296.3 million, or 7.9 cents a share, from $207.5 million, or 5.6 cents, a year earlier. The Bahrain-based lender forayed into Oman last year with a 25 per cent stake in the Omani mortgage and construction lender, Alliance Housing Bank and Iran through its affiliate Future Bank , a Bahrain-based commercial lender it owns with Iranian partners Bank Saderat and Melli Bank .
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