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The Bank of Kuwait and the Middle East K.S.C. - Company Capsule

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ICD Research's ‘The Bank of Kuwait and the Middle East K.S.C. - Company Capsule’ is a crucial resource for industry executives and anyone looking to access key information about “The Bank of Kuwait and the Middle East K.S.C. ICD Research's ‘The Bank of Kuwait and the Middle East K.S.C. - Company Capsule’ reports utilize a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report.

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									The Bank of Kuwait and the Middle East K.S.C.

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The Bank of Kuwait and the Middle East K.S.C.
- Company Capsule


Reference Code: FS0359CC
Published Date: April 2011




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The Bank of Kuwait and the Middle East K.S.C. - Company Capsule                     Page 1
The Bank of Kuwait and the Middle East K.S.C.

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The Bank of Kuwait and the Middle East K.S.C. - Company Overview

The Bank of Kuwait and the Middle East K.S.C. (BKME) is a Kuwait based banking and financial services company.
BKME is subsidiary of Ahli United Bank B.S.C, a Bahrain Bank. The bank principally engages in the retail and commercial
banking and treasury services. BKME provides a wide range of banking products and services which include current
account, saving accounts, salary accounts, fixed deposits, debit and credit cards and automated teller machines and
loans. The bank also provides investment services, securities trading, fund management services and electronic banking
services. The bank operates through its network of 26 branches and 57 ATM’s across Kuwait. The bank’s investment and
portfolio management activities are operated by its subsidiary, Kuwait and Middle East Financial Investment Company
K.S.C. The company is headquartered in Kuwait.


Financial Performance

The company reported interest income of KWD109.35 million during the year 2009. The company's interest income
declined at a compounded rate of 8.34% during the period 2007-2009 with a year on year decline of 21.85% over fiscal
year 2008. During the fiscal year 2009, its operating margin was 9.58% as against the operating margin of 40.41% in the
fiscal year 2008. During the fiscal year 2009, the company’s net profit margin was 13.04% as against the net profit margin
of 36.70% in the fiscal year 2008.

The Bank of Kuwait and the Middle East K.S.C. - Key Facts

The Bank of Kuwait and the Middle East K.S.C., Key Facts

                                  Joint Banking Center, Safat, ,
                                                                    Ticker Symbol, Stock       ALMUTAHED (Kuwait Stock
Corporate Address:                12168, Kuwait                                                Exchange)
                                                                    Exchange



Telephone                          + 965 22459771                   No. of Employees           489



Fax                                + 965 22467309                   Financial Year End         December



URL                               www.ahliunited.com.kw             Revenue (in KWD Million)   109.35



Industry                          Financial Services                Revenue (in USD Million)   377.07



Locations                         Kuwait

Source: Annual Report, Company Website, Primary and Secondary Research




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The Bank of Kuwait and the Middle East K.S.C. - Company                                                            Page 2
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The Bank of Kuwait and the Middle East K.S.C.

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The Bank of Kuwait and the Middle East K.S.C. - Major Products and Services

The Bank of Kuwait and the Middle East K.S.C. is a Kuwait based banking and financial services company. Key products
and services of the bank include the following:

The Bank of Kuwait and the Middle East K.S.C., Major Products and Services
Products:

Deposit Products

Current accounts

Saving accounts

Salary accounts

Fixed deposits

Credit cards

Debit cards

Services:

Loan services

Personal loans

Home loans

Car loans

Treasury operations

Proprietary investment

Securities trading

Foreign Exchange

Money market services

Corresponding banking

Telecom services

Telephone banking

Internet banking

E-Trading
Source: Annual Report, Company Website, Primary and Secondary Research




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The Bank of Kuwait and the Middle East K.S.C. - Company                                                      Page 3
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The Bank of Kuwait and the Middle East K.S.C.

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The Bank of Kuwait and the Middle East K.S.C. - Key Competitors

The following companies are the major competitors of The Bank of Kuwait and the Middle East K.S.C.:

Ahli Bank Q.S.C.

Banque Saudi Fransi

United Gulf Bank (B.S.C.)

Gulf Bank of Kuwait

National Bank of Abu Dhabi




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The Bank of Kuwait and the Middle East K.S.C. - Company                                               Page 4
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The Bank of Kuwait and the Middle East K.S.C. - Key Employees

The Bank of Kuwait and the Middle East K.S.C., Key Employees


          Name                               Job Title                     Board Level     Since   Age


Adel Mohammad A. El-
                     Director                                        Non Executive Board
Labban

                             Deputy Chief Executive Officer, Risk,
Ahmed Zulficar                                                       Senior Management
                             Finance & Operations

Bassel           Gamaludin
                             Director                                Non Executive Board
Mohamed Ali

Hamad Abdul Mohsen Al-
                       Managing Director, Chairman                   Executive Board
Marzouq


Herschel Post                Director                                Non Executive Board


Hossam Gawdat                Head of Treasury                        Senior Management


Iman Wajeeh Al-Madani        Head of Human Resources                 Senior Management


Jamal Shaker Al-Kazemi       Director                                Non Executive Board


Jasem Mulla        Hussain Head of Anti-Money Laundering &
                                                                     Senior Management
Abdulrahman                Compliance


Jehad Saud Al-Humaidhi Head of Information Technology                Senior Management


Khaled    Mahmoud      AL-
                             Head of Technical Facilities            Senior Management
Shatti

                             Assistant General Manager, Private
Medhat Fouad Tawfik                                                  Senior Management
                             Banking & Wealth Management

Mohammad             Saleh
                             Director                                Non Executive Board
Behbehani


Saeed Eisa Al-Nawfal         Head of Operations                      Senior Management


Sahar Dashti                 Head of Quality Assurance               Senior Management


Sanjeev Baijal               Director                                Non Executive Board


Shabbir Ahmed Shaikh         Head of Risk Management                 Senior Management


Shadi Zahran                 Head of Finance                         Senior Management


Jaber Al-Ahmed Al-Sabah Vice Chairman                                Executive Board


Sherief El-Kholy             Head of Retail Banking Distribution     Senior Management


Tanu Goel                    Head of Audit                           Senior Management

Source: Annual Report, Company Website, Primary and Secondary Research




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