Established in 1967, ABK is operational in Kuwait, the U.A.E., and Egypt. In August 2022, ABK and Gulf Bank signed an MoU for a potential acquisition of one of the two banks over the other, with the possibility of converting one of the banks into a Shariah-compliant entity. In January 2023, ABK and ABK-DIFC closed an $825 million term loan facility. ABK reported a net profit of $105.2 million in 2022, an 18.2% increase compared to 2021.