Regulation, Risk & Compliance
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Kuwait Finance House to sell its stake in Sharjah Islamic Bank for $351m
Kuwait Finance House has agreed to sell its 18.18 percent stake in the UAE’s Sharjah Islamic Bank for 1.29 billion dirhams ($351 million), pending regulatory approvals. The sale involves 588 million shares at 2.20 dirhams each and will impact KFH’s third quarter financial statements, though the effect on its income…
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Click here to read the full story: Arab News