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Islamic Finance Briefing - Categorized | Banking, Performance more

ABK reports better net profit in Q2

Posted on 20 July 2009

From Kuwaittimes.net: Al Ahli Bank of Kuwait (ABK) expects to post a better profit in 2009 than last year despite a dive in the second quarter mainly on provisions and a fall in investments.

ABK has an exposure of less than $30 million to troubled Saudi Arabian conglomerate Saad Group and will go ahead with plans to raise its capital by 25 percent later this year, Deputy Chief General Manager Abdulla Alsumait told Reuters………..Full Article: Source

 
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