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

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.

Source:https://www.arabianbusiness.com/banking-finance/438158-kuwaits-kfh-says-aub-merger-to-create-101bn-banking-giant

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