Al Ahli Bank of Kuwait K.S.C.P., together with its subsidiaries, engages in banking activities in Kuwait, the United Arab Emirates, and Egypt. The company provides alfouz draw, salary, and savings accounts, as well as term deposits and merchant services; housing, consumer, auto, medical, and mortgage loans; safe deposit lockers; online and mobile banking, telebanking, and cash issuing terminals; and credit and prepaid cards, as well as digital payment solutions. It also offers corporate banking products, such as commercial and mortgage loans; working capital finance; real estate development and asset-backed financing; trade finance products, such as letters of credit, letters of guarantee, bill discounting, etc.; treasury products, including FX, forwards, and swaps; high value contract-specific financing; and cash management services comprising payments and payroll services, collection services, liquidity management, trade finance, etc. In addition, the company provides cash management; corporates and structure finance; and treasury and investment services. Al Ahli Bank of Kuwait K.S.C.P. was incorporated in 1967 and is based in Kuwait City, Kuwait.
Kuwaiti Market Performance
7D7 Days: -0.3%
3M3 Months: 7.3%
1Y1 Year: 22.6%
YTDYear to Date: 16.3%
The Utilities sector gained 10% while the market remained flat over the last week. Meanwhile, the market is actually up 22% over the past year. Looking forward, earnings are forecast to grow by 10% annually. Market details ›
This week, we are weighing up the potential productivity gains vs job losses and economic disruption that the global economy could face over the next decade and beyond.