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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.

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