Tuesday, May 22, 2012
BEIRUT (Zawya Dow Jones)--Kuwait Finance House (KFIN.KW), or KFH, the Gulf state's largest Islamic bank, Tuesday said it's in talks to sell its stake in the local Al Salam [International] Hospital Co., or SIH.
KFH didn't disclose the percentage of its ownership in SIH's capital and didn't give any further details in a statement posted on the Kuwait bourse website.
SIH is owned by several investors and KFH is its main shareholder, according to the website of the healthcare provider.
KFH's shares rose 1.4% to close at 710 Kuwaiti fils ($2.54) in a lower market Tuesday.
-By Shikrallah Nakhoul, Zawya Dow Jones; +9611 985757; shikrallah@zawya.com; Twitter: @ZDJnews
Copyright (c) 2012 Dow Jones & Co.
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22-05-12 1234GMT
