Kuwait Finance House postpones AUB acquisition deal process due to COVID-19 disruptions
Kuwait Finance House has temporarily suspended the process for its 100% acquisition of Bahrain’s Ahli United Bank citing the disruption to work activities in Kuwait due to the COVID-19 pandemic.
KFH said in a disclosure on April 12 the procedures for the acquisition will be postponed until December.
The Kuwaiti bank has received approval for the postponement from the Central Bank of Bahrain.
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