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|22 October, 2018

KFH to decide on share pricing of Ahli United Bank merger within weeks- official

Bahrain's Ahli United Bank and Kuwait Finance House have been in merger talks since mid-2018

Investors work the floor of the Kuwait Stock Market March 12, 2003 in Kuwait City, Kuwait.

Investors work the floor of the Kuwait Stock Market March 12, 2003 in Kuwait City, Kuwait.

Getty Images/Spencer Platt

KUWAIT  - Kuwait Finance House will take a decision on the share pricing of a merger with Bahrain's Ahli United Bank within two weeks, KFH's chief executive Mazin Al-Nahedh said on Monday.

Bahrain's Ahli United Bank and Kuwait Finance House have been in merger talks since mid-2018, which could be the first cross-border tie-up between Gulf banks in recent years at a time when several other banks are consolidating.

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(Reporting by Ahmed Hagagy; editing by David Evans) ((asma.alsharif@thomsonreuters.com; +20225783290; Reuters Messaging: asma.alsharif.reuters.com@reuters.net))