Dubai – Mubasher: GFH Financial Group, listed on Kuwait, Bahrain and Dubai’s bourses, said the negotiations for the acquisition of a majority stake in Bank Alkhair (BAK) continues, according to a statement.
No further agreement has been signed between both parties in this regard.
GFH Holding signed memorandum of understanding (MoU) last August for the potential acquisition of a majority shareholding in BAK.
