UPDATE 1-Kuwait Finance House expects board to decide on AUB merger before year-end -CEO | Reuters:
The board of Kuwait Finance House will likely decide on whether to go ahead with a merger with Bahrain’s Ahli United Bank before the end of the year, its chief executive told Reuters.
The two banks have been in talks since earlier this year on a potential merger that would create one of the largest Islamic banks in the Gulf.
“We are still waiting for the board’s decision,” Mazin Saad al-Nahedh said in an interview. “We should have closure on this subject.”
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