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Kuwait Lender KFH to acquire Bahrain's Ahli United for $12bn
Kuwait Finance House has agreed to fully acquire Ahli United Bank for $11.6 billion. KFH plans to offer one share per 2.695 shares of Ahli United, implying a $1.04 offer price, according to Bloomberg. Through the merger, the Gulf will have its seventh-largest lender worth $115 billion, a rare cross-border…
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Click here to read the full story: Arab News