Ahli United Bank – Ratings Affirmed with a Stable Outlook

Ref: B H 0 29 2 1 CRA00- 0 1 24 November 20 2 2

Ahli United Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- Term F oreign C urrency R ating (LT FCR) and S hort- T erm F oreign C urrency R ating (ST FCR) of Ahli United Bank B.S.C. (A UB ) at ‘ A- ’ and ‘ A2 ’ , respectively. At the same time, CI Ratings has affirmed AUB’s Bank Standalone Rating (BSR) of ‘bbb+’. The Outlook for the LT FCR and BSR remains Stable.

AUB’s Extraordinary Support Level (ESL) has been raised to High , from Moderate , following its acquisition by Kuwait Finance House (KFH; rated ‘A’/‘A1’/Stable) via a share swap on 2 October 2022. The new parent KFH is deemed to have the capacity and willingness to provide a high degree of support to the Bank in case of need. This is underpinned by KFH’s still significant…