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

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.

Principals

target

Ahli United Bank

bidder

Kuwait Finance House

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