Kuwait Finance House has appointed SICO as its advisor for the acquisition of Ahli United Bank, aimed at creating the world's largest Islamic bank with assets of USD 104 billion.
Information on the Target
Kuwait Finance House K.S.C.P. (KFH) has proposed an acquisition of Ahli United Bank B.S.C. (AUB), which represents a significant strategic move in the Middle Eastern banking sector. AUB is known for its prominent role in providing a variety of banking services and has established a strong customer base. Upon completion, this acquisition will allow KFH to expand its footprint and enhance its service offerings across the region.
This transaction is poised to create a banking entity with assets totaling approximately USD 104 billion, positioning it as the world's largest Islamic bank by assets. The merger is expected to generate expanded financial solutions for clients and boost regional investment opportunities.
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Industry Overview in Bahrain
The banking sector in Bahrain is characterized by a robust regulatory framework and a commitment to maintaining a competitive edge in the financial services industry. Bahrain has long been recognized as a leading Islamic
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Kuwait Finance House K.S.C.P.
invested in
Ahli United Bank B.S.C.
in 2020
in a Merger deal
Disclosed details
Transaction Size: $104,000M