ABKK
275.0 KWD
+0.00%
Today
-1.08%
1D
Market is closed
Sun
9:10 AM ~ 12:40 PM
Mon
9:10 AM ~ 12:40 PM
Tue
Closed
Wed
Closed
Thu
Closed
Fri
Closed
Sat
Closed
Information
Name
Al Ahli Bank
Currency
KWD
Standard Leverage
1X
Market Cap
732.10M
Avg Daily Volume
2.84M
52 Week High
300.952 KWD
52 Week Low
263.809 KWD
Trading Hours
See hours
Business Summary
Al Ahli Bank of Kuwait K.S.C.P., together with its subsidiaries, provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the Asia Pacific, North America, and internationally. It operates through three segments: Commercial Banking, Retail and Private Banking, and Treasury and Investments. The company offers alfouz draw, salary, and savings accounts; term deposits; credit and prepaid cards, as well as digital payment solutions; housing, consumer, auto, medical loans, as well as UAE mortgage; safe deposit lockers, merchant services, and credit card limit services; and online, mobile, and telebanking, as well as cash issuing terminals and cardless cash withdrawal. It also provides structured finance, including project, acquisition, real estate development, asset-backed, and specialized sector financing, as well as syndicated loans and distribution and loan agency; commercial and mortgage loans; working capital finance; trade finance products, such as letters of credit and guarantee, as well as bill discontinuing; fx, forwards, and swaps; and cash management services comprising payment and payroll, collection, liquidity management, and trade finance services. In addition, the company offers foreign exchange; wealth management; investment advisory services; and balance sheet management, which includes money market, derivatives, propriety investment activities, assets management, and residual impact of inter-segment fund transfer pricing. It serves individual, corporate, and institutional customers. The company was incorporated in 1967 and is headquartered in Kuwait City, Kuwait.
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Frequently Asked Questions
What are financial stocks?
Financial stocks include companies like banks, insurance firms, investment services, and fintechs. They play a critical role in the economy by facilitating credit, investment, and wealth management.
How do interest rates affect financial stocks?
Financials often benefit from rising interest rates, which can increase net interest margins for banks and improve profitability.
Why are financials important in a trading portfolio?
Financial stocks can offer strong dividends, sector stability, and exposure to macroeconomic trends like interest rate policy and GDP growth.
What risks are associated with financial sector investing?
Regulatory changes, credit risk, economic downturns, and interest rate volatility can all impact financial companies' earnings and stock prices.
