Kuwait Finance House Announces Tying up Phases with Bahrain’s Ahli United Bank
2018-07-24 - 5:20 p
Bahrain Mirror: The chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that its potential tie-up with Bahrain's Ahli United Bank will occur on phases.
Al-Marzouq explained that the first phases is an "evaluation study by international consultants" in order to weigh up a fair exchange ratio for shareholders of each bank.
The second would involve a due diligence process, in which the necessary regulators and the central banks of both countries would be contacted for approvals.
In case the two phases were done and the banks agreed on their results, a third and final phase would then involve the two banks agreeing on a future business plan for the new banking entity.