Kuwait's KFH says AUB merger to create $101bn banking giant

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Kuwait Finance House has confirmed its intention to buy Bahrain’s Ahli United Bank following its ordinary and extraordinary general assembly meeting. The combined entity will potentially become the Gulf’s sixth-biggest lender with $101 billion in assets. Kuwait Finance House chairman, Hamad Abdulmohsen Al-Marzouq, said the Central Bank of Kuwait and the Central Bank of Bahrain have agreed to start the process of the acquisition.


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