Kuwait Finance House hires consultants for due diligence of Ahli United Bank

KUWAIT: The Board of Directors (BoD) of Kuwait Finance House (KFH) has approved the appointment of professional international independent advisors to conduct the due-diligence for the proposed acquisition of Ahli United Bank.

The consultants to be appointed include Lead Advisor: Goldman Sacks; Financial and Tax Advisor: Price Waterhouse Coopers; Legal Advisor: Freshfields Bruckhaus Deringer; Local Advisor: Al Shall Economic Consultants.[the_ad id=”32940″]Kuwait Finance House (KFH) emphasizes that the final decisions are subject to the approval of the General Assemblies of both Banks, the Central Banks, and the relevant regulatory bodies in Kuwait and Bahrain. KFH will announce in a timely manner for any new or material developments related to the above subject.

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