Kuwait Central Bank approves, but puts conditions on KFH’s acquisition of Bahrain’s Ahli United

KUWAIT, Kuwait Central Bank has agreed with strings attached to Kuwait Finance House’s acquisition of Bahrain’s Al-Ahli United Bank, the country’s top banker said on Tuesday.

The agreement comes with a number of technical and legal provisos to ensure that the procedure is transparent and adheres to Islamic principles, Dr. Mohammad Al-Hashel said in a statement.

Source: Kuwait News Agency