The 25-year old rejoined the Tigers from Sunderland on loan on transfer deadline day after returning to the Stadium of Light in mid January - following Martin O'Neill's decision to recall the player.
The player has 18 months left on his current Sunderland deal.
Ahmed Elmohamady: "I really enjoy being here because we play very good football and I really hope we can keep it going and get promotion.
"It will make everybody happy to go back to the Premier League.
"But I have a contract with Sunderland so we'll see what happens.
"I'm just on loan at Hull at the moment. After the season has finished, we'll see if there's a decision.
"I've been in the UK two-and-a-half years without any other Egyptian players in the Premier League and the Championship.
"It's good for me, it's good for them and it's very good for the national team to have three players in England now - and very good for Hull too."