Thursday 23 April 2020

#Kuwait to review KFH's acquisition of Bahrain's Ahli United - Arabianbusiness

Kuwait to review KFH's acquisition of Bahrain's Ahli United - Arabianbusiness:

Kuwait’s finance minister has tasked the country’s sovereign wealth fund study the feasibility of Kuwait Finance House taking over Bahrain’s Ahli United Bank, the state-run KUNA news agency has reported.

The decision is a result of the impact of the coronavirus pandemic and the possibility of a global recession in its aftermath.

Earlier in April, Kuwait Finance House said that it would postpone the acquisition of Ahli United as a result of Covid-19.

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