Mubasher: Kuwait Finance House (KFH) has submitted a letter of intent to Ahli United Bank (AUB) in regards to its proposed full takeover of AUB’s shares, in compliance with the requirements of regulatory authorities in Bahrain and Kuwait.
The announcement has no material impact on KFH’s financial position in the present time, according to a statement to the Kuwaiti bourse on Wednesday.
KFH also referred that it will disclose further details in this regard in due course.
On 27 January, AUB revealed that no official acquisition offer has been made by KFH.
