Kuwait – Mubasher: Kuwait Finance House (KFH) on Tuesday said that Gatehouse Bank’s shares were not a part of the actual settlement between KFH and Securities House.

Commenting on a news story published in a local newspaper, KFH noted in a filing to the Kuwait Stock Exchange (KSE) that the ownership percentages mentioned in the story belong to a KFH subsidiary.

Kuwait’s Al Qabas newspaper reported on Sunday, citing informed sources, that expected a settlement between KFH and Securities House for 12% of the UK’s Gatehouse Bank amounting to KWD 4 million to be executed soon. The newspaper added that both parties were awaiting regulatory approval from the Bank of England.

KFH has disclosed all relevant information to the Kuwaiti Capital Market Authority (CMA) and KSE in 2013 and 2014, according to the filing.

KFH’s stock was stable at 465 fils in early trades on the KSE on Tuesday after 375,000 shares were traded at a turnover of KWD 174,400.