QNB Said to Bid for Kuwait Finance House's Malaysian Operations - Bloomberg Business:
"Qatar National Bank SAQ, the biggest Middle East lender by market value, is among suitors that submitted final bids for Kuwait Finance House KSC’s Malaysian operations, people with knowledge of the matter said.
Kuwait Finance House is evaluating offers from Qatar National Bank and at least one other party, according to the people. It may not proceed with the sale unless it can agree on a high enough price, one of the people said, asking not to be identified as the information is private.
State-controlled Qatar National Bank has been expanding overseas to reduce its reliance on a home market of 2 million people. It has spent $3 billion on acquisitions since 2012, purchasing Societe Generale SA’s Egyptian unit and increasing its stakes in banks in Togo and Tunisia, data compiled by Bloomberg show."
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