Ahli Capital

 


In late 2006, ABK received a license from the Central Bank of Kuwait granting a 100% ownership in Ahli Capital as the investment arm of the bank. During 2007, the groundwork was laid for expansion in several strategic areas, such as increasing investments in local, regional and international financial markets throw investment funds and portfolios, advisory services and IPO activities.

A customer base comprised of Kuwaiti corporations and mid-high net worth individual accounts was established in 2007 and a high rate of return on capital invested was achieved for the year.

New human powers were hired to manage the activities being conducted within Ahli Capital, including a compliance risk management team who will closely monitor regulatory and internal policy compliance. Systems have been implemented to support current activities and planned expanded business lines for 2008. Additional attention will be placed on increasing the customer base and capturing a greater share of direct portfolio investments.

In 2008, ABK's funds will be managed by Ahli Capital, and new funds will be created. Products and services will be expanded and advisory services will be offered to corporate customers as well as to customers of the branches within the UAE throw ABK branches in Dubai and Abu Dhabi.