AUB profit up 25.8pc

DUBAI — Ahli United Bank B.S.C. (AUB) has announced results for 2006. The bank reported a consolidated net profit, attributable to the bank's equity shareholders, of $207.5 million, which represents a 25.8 per cent increase over the comparable figure for 2005 of $164.9 million.

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Published: Tue 27 Feb 2007, 9:13 AM

Last updated: Sat 4 Apr 2015, 8:31 PM

Keeping in line with its regional expansion strategy, the bank led a consortium of regional financial institutions and pension funds to acquire a 89.3 per cent stake in Delta International Bank, S.A.E. (DIB) in Egypt, with the AUB and its group banks retaining a 49.8 per cent direct stake in DIB.

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