Ahlibank Explained

Ahlibank
Native Name:البنك الأهلي ش.م.ق
Native Name Lang:ar
Industry:Financial services
Predecessors:-->
Successors:-->
Founders:-->
Location City:Doha
Location Country:Qatar
Services:Banking
Owners:-->
Num Employees:405
Website:www.ahlibank.com.qa

Ahli Bank QSC is a Qatari-based bank with its head office in Doha, Qatar.[1]

History

Founded in 1983 Ahli Bank QSC is a Qatari-owned financial institution that serves individual consumers, small businesses and corporate customers with a range of Corporate Banking, Retail & Private Banking, Treasury & Investments, International Banking and Brokerage Services.[1] Citigroup decided to cease its operations from Qatar in 1987, allowing Ahli Bank to purchase all of its assets[2] and start operating as an autonomous entity.[3]

Ahli United Bank, Bahrain's largest bank, was the largest shareholder in Ahli Bank. In 2012, Ahli United sold all but 1,000 shares of its stake in the bank.[4] At the time, Ahli Bank was considered the seventh-largest bank in Qatar.[4]

External links

Notes and References

  1. News: Ahli Bank unveils new brand identity. June 23, 2014. Ahli Bank. June 23, 2014.
  2. Book: U.S. Department of Commerce, Industry and Trade Administration. Foreign Economic Trends and Their Implications for the United States. 45. 1990.
  3. Web site: About Ahli Bank QSC. 15 September 2017. Ahli Bank. 2.
  4. News: Qatar's Ahli Bank says top shareholder to sell most of stake. 28 May 2015. Reuters. 28 November 2012.