18 February 2008
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.
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.
© Bahrain Tribune 2008
