The Bahraini Central Bank allowed Kuwait Finance House (KFH) to conduct studies to deny the ignorance of Al Ahli United Bank, and this was based on the latter’s statements.

According to Al Markazi, his failure to take these measures does not constitute approval of the possible acquisition by your home of the United.

KFH recently announced the appointment of four consultants to complete studies denying foolishness before concluding the merger deal with Al-Ahli United.

KFH affirmed that the final decisions regarding the merger are subject to the approval of the General Assembly of the shareholders of the two banks, the Central Bank of Bahrain, and other regulatory authorities.

It is stated that the Chairman of the Board of Directors at Kuwait Finance House, Hamad Al-Marzouq, was clear at the end of last January, that the acquisition in the event of the approval of studies to deny the ignorance and obtain the approvals Supervisory, will be through the issuance of shares equivalent to about 53.96% of the shares of your current house, and indicated that the profits of your house according to the latest published data will increase by 94% against the mentioned increase in the shares of your house,