Al Salam Bank, a Bahrain-based Islamic lender, announced today it has signed definitive agreements to acquire the entire stake in Kuwait Finance House - Bahrain (KFH-Bahrain) from its parent company, Kuwait Finance House Group (KFH).
KFH-Bahrain is a wholly owned subsidiary of KFH Group, an Islamic financial institution headquartered in Kuwait.
The transaction, subject to regulatory approvals, will see Al Salam Bank take full ownership of KFH-Bahrain.
Financial details of the acquisition were not disclosed.
(Full story in tomorrow's GDN)
Al Salam Bank finalises acquisition of Kuwait Finance House Bahrain unit
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