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Al Ahli Bank of Kuwait Supports Kuwaiti Students in Egypt through Sponsoring (EGNUKS) Conference

Cairo, April 2024: Al Ahli Bank of Kuwait (ABK) is pleased to announce its sponsorship of National Union of Kuwaiti Students – Egypt’s (EGNUKS) recent conference held over a period of two days in Alexandria Governorate. This initiative reflects the Bank’s commitment to enriching Egyptian Kuwaiti relations and empowering youth on their academic journey.

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Al Ahli Bank of Kuwait – Egypt Organizes a visit to 57357 Children’s Hospital to decorate the Hospital in celebration of the Holy month of Ramadan

Cairo, March 2024: With an innate understanding of the crucial role of corporate social responsibility in the development of local communities, and in celebration of the upcoming Holy month of Ramadan, Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) organized a staff visit to Children’s Cancer Hospital Egypt 57357. As done over the past years, a group of staff members volunteered to take part in a recreational day to spread joy among patients and their families, handing out gifts to little children and decorating the Hospital with Ramdan theme in celebration of the upcoming Holy month.

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Al Ahli Bank of Kuwait - Egypt leads a banking alliance to finance Idea Verde Real Estate Investment –The Waterway valued EGP 575 million

Cairo, March 2024: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) announced leading a long-term syndication alliance for 575 million Egyptian Pounds in its capacity as the lead arranger and facility agent of the transaction with a share of 350 million Egyptian Pounds with the participation of MIDBANK with a share of 225 million Egyptian Pounds and Al Ahli Kuwait Egypt Leasing Company as the security agent. This long-term syndication loan aims to provide a credit line for Idea Verde Real Estate Investment Company to finance the cost of the company’s activities and new real estate and investment projects over a period of five years.

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Al Ahli Bank of Kuwait - Egypt achieves breakthrough Results for the Financial Year 2023 with Net Profit recording EGP 2.8 billion

Cairo, February 2024: Al Ahli Bank of Kuwait - Egypt announced record financial results for the fiscal year 2023, reporting a record increase in the Bank’s Net Profit by 67%, which stood at EGP 2.8 billion compared to EGP 1.7 billion in 2022. Net Operating Profit reached EGP 3.9 billion, representing an 82% year-on-year increase compared to EGP 2.2 billion in 2022. As for ABK-Egypt’s financial position, Total Assets stood at EGP 97.6 billion, recording a 29% growth compared to EGP 75.6 billion in December 2022.

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Al Ahli Bank of Kuwait – Egypt Signs a Cooperation Protocol with Galala University to fund 30 tuition fees scholarships

Cairo, January 2024: Al Ahli Bank of Kuwait-Egypt (ABK-Egypt) and Galala University (GU) signed a cooperation protocol to fund 30 tuition fees scholarships to support academically outstanding students. The beneficiary students are financially incapable and are selected in accordance with the admission criteria set out in the University's regulations for the academic year 2023/2024.

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Al Ahli Bank of Kuwait - Egypt opens its latest branches across three Governorates in December 2023

Cairo, December 2023: Within the framework of the Bank’s ambitious growth plan and its commitment to upgrade its network and offerings to cater to various customer segments and attract new customers, Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) announced the opening of three branches across three Egyptian Governorates.

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