Legal & General Gulf is a joint venture insurance company between Legal & General Group and Ahli United Bank. Legal & General Gulf
Takaful is a wholly owned subsidiary of Legal & General Gulf, and focuses on Family Takaful. The venture was formed in 2009 with a vision to be
the first choice for protection and savings in the Middle East.
The Legal & General Group
The Legal & General Group, established in 1836, is one of the UK’s leading financial services companies. Over 7 million people
rely on us for life assurance, pensions, investments and general insurance plans. The Legal & General Group is responsible for
investing £370 billion (as at 31 December 2009) on behalf of investors, policyholders and institutions. Legal & General is one of the
biggest providers of index-tracking equity investments in the UK, managing £70.7 billion as at 31 March 2010. We have operations in
the
USA,
Egypt,
France,
India, Netherlands and
Germany, as well as in the Gulf and the UK.
www.legalandgeneralgroup.com
Ahli United Bank Ahli United Bank B.S.C. (AUB) is a fully fledged commercial and investment
banking group providing wealth management, retail, corporate, treasury, offshore and private banking services. The Group's businesses
consist of the operations in Bahrain, a wholly owned subsidiary in the UK and associates in Kuwait, Qatar, Oman, Egypt and Iraq.
In Kuwait, AUB has an effective holding of 75% in Ahli United Bank Kuwait (formerly the Bank of Kuwait and The Middle East), while in Qatar;
AUB has a 40% stake in Ahli Bank QSC. In
Oman, AUB has a 35% stake in Ahli Bank SAOG while in Iraq AUB has a 49% stake in the Commercial Bank of Iraq. In Egypt, AUB, its associate banks
and other Gulf financial institutions together hold an 89.3% stake in Ahli United Bank SAE. Apart from these banks, AUB has a nominal stake
of 75% in KMEFIC, a brokerage, asset management and corporate finance company based in Kuwait with operations around the Arabian Gulf. Overall,
the AUB Group, through its subsidiaries and associates, operates through a network of 93 branch offices and employs over 3,000 people.
www.ahliunited.com
