Kuwait - The board of Kuwait Finance House (KFH) recommended to the ordinary general meeting (OGM) to fully acquire the shares of Ahli United Bank – Bahrain (AUB Bahrain).

The board advised the bank’s OGM and the extraordinary general meeting (EGM) to assemble for considering the approval of the acquisition draft, KFH disclosed on Monday.

KFH further noted that the final decisions will be subject to the approvals of the OGM of both banks, the Central Bank of Bahrain (CBB), and other competent authorities.

The bank will announce any further details in due course.

On Sunday 13 October, AUB Bahrain said that no official approval regarding the acquisition has been issued by the CBB. It further added that KFH has not made any official acquisition offer.

Source: Mubasher

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