The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Country Awards for Excellence 2022: Middle East


Best Bank: Ahli United Bank

Best Investment Bank: GFH Financial Group

It was a very strong year for Ahli United Bank (AUB), led by chief excutive Jehad Saud Al-Humaidhi. The Manama-based lender, which has 151 branches and more than 4,000 employees in eight countries, posted a net profit of $607.2 million in 2021 – a year-on-year jump of 34.3%. It followed that up by reporting net profit of $170.9 million in the first three months of 2022 – an annualized increase of 7.1% – thanks to higher net interest income, and trading and investment income.

Return on average equity came in at 14.2%

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?