AUST was established in 1989 under the name "the American Universal College". In August 2000, the name was changed to American University College of Science & Technology as per presidential Decree # 3585/2000. August 2007 confirmed the present name of American University of Science & Technology according to Presidential Decree # 677/2007.
The Decree granted AUST the status of a full university with permission to offer programs leading to Bachelor, Master & Master of Business Administration (MBA) degrees in three academic Faculties (Schools). These are:
- Faculty of Business & Economics FBE
- Faculty of Arts & Sciences FAS
- Faculty of Health Sciences FHS