Announced
Financials
Sources
Tags
corporate banking
Merger
Banks
Pending
Friendly
Single Bidder
Majority
Acquisition
regional banks
Cross Border
Public
Bahrain
banking services
Synopsis
Kuwait Finance House, the first bank operating in accordance with the Islamic Shari'a, is set to merge with Ahli United Bank, a bank based in Bahrain, in an $11.6bn deal. In April 2020, Kuwait Finance House said it was postponing its acquisition of Ahli United Bank until December due to the Covid-19 outbreak.
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