KFH had announced that the acquisition plan was postponed until the end of the year due to the Corona crisis.
KFH announced assigning Ahmed Al-Kharji to the duties of CEO.
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This post has been translated over google translator from original post in arabic
Kuwait Finance House (KFH), the largest Islamic bank in Kuwait, is the chief executive of the group, Mazen Al-Nahedh.
According to Arabia Net, this decision comes amid news of a difference of opinion with the Chairman of the Board, Hamad Al Marzouq, regarding plans to acquire the Ahli United Bank of Bahrain.
Informed sources stated that Al-Nahedh expressed an opinion opposed to the acquisition, and informed him in writing of all members of the Board of Directors.
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