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KFH submits document for Bahrain’s AUB acquisition deal

KFH submits document for Bahrain’s AUB acquisition deal
KFH will provide further details in a timely manner
KFH
KFH
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AUB
AUB
0.00% 0.59 0.00

Mubasher: Kuwait Finance House (KFH) has submitted the document for its acquisition offer for 100% of Ahli United Bank (AUB) capital shares.

The step comes in line with the requirements of the regulatory authorities in Kuwait and Bahrain, according to a stock exchange filing on Sunday.

The Kuwaiti bank will provide further details in a timely manner.

In February, KFH submitted a letter of intent to AUB concerning the related deal. It further noted that it will change the name of AUB to Kuwait Finance House – Bahrain (KFH Bahrain) following the merger and will convert AUB’s subsidiary in Kuwait, Ahli United Bank - Kuwait (AUB Kuwait), to a digital bank as previously requested by the Central Bank of Kuwait (CBK).