Kuwait – Mubasher: Kuwait Finance House (KFH) said it has not decided to merge with Ahli United Bank – Kuwait (AUB Kuwait), according to a bourse statement issued Monday.
The bank is currently taking in consideration a number of strategic replacements for endorsing profitability and position among local and regional banks.
These strategic steps will need approvals from regulatory entities, namely the Central Bank of Kuwait, and the ordinary general meeting, KFH noted in the statement.
KFH stock started Monday at 495 fils after 254,000 shares were traded with a value of about KWD 125,700.
