Dubai-Mubasher: GFH Holding, listed on Kuwait, Bahrain and Dubai’s bourses, signed memorandum of understanding (MoU) for the potential acquisition of a majority shareholding in Bank Alkhair, according to a bourse statement.
The deal is subject to the board and shareholders’ approval, completion of due diligence, agreeing on acquisition structure, in addition to getting necessary regulatory approvals.
The transaction's impact on GFH's financial position cannot be measured at the moment, as it is subject to the finalization of the deal.
