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Al Ahli Bank of Kuwait K S C P : and Gulf Bank Sign Memorandum of Understanding to Outline Proposed Acquisition

Al Ahli Bank of Kuwait and Gulf Bank have signed a Memorandum of Understanding regarding the proposed acquisition of one of the two banks over the other, with the possibility of converting one of the banks into a Sharia-compliant bank. The Memorandum of Understanding referred to the formation of a…

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