Title:
Announcement Regarding the Completion of a Mandatory Acquisition Offer Submitted by Kuwait Finance House (KFH) on all Shares of Ahli United Bank – Kuwait
Date Publish16 May 2023
Based on the minutes issued by Boursa Kuwait Securities Company on May 16, 2023, the sale of 456,731,133 shares of Ahli United Bank – Kuwait to Kuwait Finance House (KFH), which represents 18.258 % of the shares, was confirmed. This is an implementation of a mandatory acquisition. Kuwait Finance House (KFH) previously owned 67.33 % of the shares, so the total ownership of Kuwait Finance House (KFH) after executing the acquisition process becomes 85.588% of the capital of Ahli United Bank – Kuwait’s capital.
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