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Asharq Al-Awsat

Business

Kuwait - Asharq Al-Awsat

Kuwait Finance House to Acquire Bahrain's Ahli Bank

Private sector deposits with local banks rose 0.6 percent last May (Reuters)

Kuwait Finance House (KFH) announced receiving the central bank's approval to acquire Bahrain's Ahli United Bank (AUB) fully.

A KFH disclosure on the Kuwait stock exchange on Wednesday said it had received approval from the Central Bank of Kuwait to acquire 100 percent of the capital shares of Ahli United Bank.

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