Kuwait Finance, Ahli United to Consider Merger Reports This Week - Bloomberg

Kuwait Finance, Ahli United to Consider Merger Reports This Week - Bloomberg:

Kuwait Finance House and Bahrain’s Ahli United Bank BSC’s boards will meet this week to consider valuation reports on a potential merger, a deal that would create the Gulf’s sixth-biggest lender with $92 billion in assets.

The boards will meet on Jan. 24 to consider the studies by HSBC Holdings Plc and Credit Suisse Group AG, the lenders said in separate statements. Kuwait Finance House said its meeting will take place after trading hours and will also consider proposed exchange share ratios.



Kuwait Finance House and Ahli United in July said they’d started renewed discussions for a potential merger. Initial talks between the banks faltered over price, people familiar with the matter said last January.