Mubasher: HSBC and Credit Suisse are currently conducting the necessary valuation studies to assist Ahli United Bank (AUB) and Kuwait Finance House (KFH) in reaching a fair share exchange ratio as a first step to be followed by the initiation of due diligence and further steps to create a combined business entity, according to a bourse statement on Sunday.
AUB, which is listed on both Boursa Kuwait and Bahrain Bourse (BHB), issued this disclosure as a follow-up to the previous statement on 22 July which confirmed the execution of a memorandum of understanding (MoU) and confidentiality of information by the bank and KFH.
