Kuwait Times, Thursday, Oct 10, 2019 | Safar 11, 1441
Initial nod for KFH AUB takeover
Kuwait: Kuwait Finance House
has received conditional approval from Kuwait’s Central Bank for its proposed
acquisition of Bahrain’s Ahli United Bank. The deal depends on a number of
requirements to ensure adherence to sharia, transparency and protection of free
competition, the Central Bank said in a statement. KFH announced its plan to
take over the Bahraini lender in January.