Kuwait – Mubasher: Kuwait Finance House (KFH) said on Monday that it has not received any offers from Development Bank regarding Ibdar Bank Bahrain.
The finance house added that up to date there are no negotiations around purchasing the bank and any will be announced once reaching an initial agreement, according to a bourse filing.
On Sunaday, a local newspaper published that Development Bank intends to acquire Ibdar Bank – Bahrain.
Kuwait Finance House owns a stake of 10.5% in Ibdar Bank.
