Deals
KFH Said in Talks for Bahrain Ahli United Bank, Kuwait Unit
- Deal would create lender with about $85 billion of assets
- Lower oil prices are forcing Gulf lenders to consolidate
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Kuwait Finance House KSCP is in talks to buy Bahrain’s Ahli United Bank BSC, a person familiar with the matter said, in a deal that would create one of the Middle East’s largest Islamic lenders with about $85 billion of assets.
KFH, as the lender is known, started discussions to acquire the Bahraini lender as well as its operations in Kuwait, the person said, asking not to be identified because the information is private. There is no guarantee that a deal will take place and final agreements haven’t been reached with any of the parties, the person said.