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New Deal


Announced

Kuwait Finance House to merge with Ahli United Bank in an $11.6bn deal.

Financials

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Transaction Value£9,652m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium13%
One Off Charge-

Sources

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Tags

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corporate banking

Merger

Banks

Pending

Friendly

Single Bidder

Majority

Acquisition

regional banks

Cross Border

Public

Bahrain

banking services

Synopsis

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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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