CBK’s conditional approval for KFH acquisition of AUB

Dr Mohammad Al-Hashel

KUWAIT: Kuwait Central Bank has agreed with strings attached to Kuwait Finance House’s acquisition of Bahrain’s Al-Ahli United Bank, the country’s top banker said yesterday. The agreement comes with a number of technical and legal provisos to ensure that the procedure is transparent and adheres to Islamic principles, Dr Mohammad Al-Hashel said in a statement. -KUNA