AUB denies acquisition talks with KFH

Kuwait – Mubasher: Bahrain’s Ahli United Bank (AUB) did not make any announcements regarding holding negotiations with Kuwait Finance House (KFH) to buy the bank, according to a statement.

A person familiar with the matter had told Bloomberg on 29 May that KFH is in negotiations to acquire AUB to create one of the largest Islamic banks in the Middle East with around $85 billion in assets.

Mubasher Contribution Time: 30-May-2017 09:05 (GMT)
Mubasher Last Update Time: 30-May-2017 09:11 (GMT)