|12 September, 2019

Kuwait Finance House approves exchange ratio of merger with AUB Bahrain

The final decisions will be subject to the approval concerned parties

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.

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Kuwait - The board of directors of Kuwait Finance House (KFH) approved the advisors’ reports and due-diligence review results, in addition to the final exchange ratio between the shares of KFH stock and Ahli United Bank – Bahrain (AUB Bahrain) by approximately 2.326 shares of AUB Bahrain for each share of KFH.

The final decisions will be subject to the approval of the general meeting of the two entities’ shareholders, the Central Bank of Kuwait (CBK), the Central Bank of Bahrain (CBB), as well as other competent authorities, KFH disclosed to Boursa Kuwait on Thursday.

On 8 September, KFH announced that it had received all reports by the international advisors appointed by the bank to do technical and legal due-diligence investigations related to the potential merger of the AUB Bahrain.

Source: Mubasher

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