Kuwait Finance House to split shareholding of Turkish asset manager | ZAWYA MENA Edition

Kuwait Finance House to split shareholding of Turkish asset manager | ZAWYA MENA Edition:

"Kuwait Finance House (KFH) will divide the ownership structure of its Turkish asset management firm between local and Kuwaiti units, as the Islamic lender continues to build on its Turkey franchise. KT Asset Management, a wholly-owned subsidiary of lender Kuveyt Turk, will transfer 5 million shares representing a 50 percent stake to KFH Capital, according to a regulatory filing. Both Kuveyt Turk and KFH Capital are subsidiaries of KFH, Kuwait's second largest lender and one of the world's oldest Islamic banks."



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