{"id":645407,"date":"2017-07-19T03:43:53","date_gmt":"2017-07-19T03:43:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/"},"modified":"2017-07-19T03:43:53","modified_gmt":"2017-07-19T03:43:53","slug":"kfh-in-merger-talks-with-ahli-united-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/","title":{"rendered":"KFH in merger talks with Ahli United Bank"},"content":{"rendered":"

Kuwait Finance House confirmed it is in talks to merge with Ahli United Bank of Bahrain, <\/strong>Reuters reports<\/a>. The confirmation came in on Tuesday and is the latest in a trend of GCC banking consolidation -- something of a knee-jerk reaction when times get tough. We saw it during the financial crisis and recently with the formation of First Abu Dhabi Bank after the drop in oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kuwait Finance House confirmed it is in talks to merge with Ahli United Bank of Bahrain, Reuters reports. The confirmation came in on Tuesday and is the latest in a trend of GCC banking consolidation -- something of a knee-jerk reaction when times get tough. We saw it during the financial crisis and recently with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645407","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bbc7c63e-6304-4740-92ef-cb334036aaa7","order":"0","is_powered_by":true,"section_story_id":"062f1b46-09b9-44c4-b5bc-09c9965951d6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645388],"teaser":"","voice_url":""},"yoast_head":"\nKFH in merger talks with Ahli United Bank - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KFH in merger talks with Ahli United Bank\" \/>\n<meta property=\"og:description\" content=\"Kuwait Finance House confirmed it is in talks to merge with Ahli United Bank of Bahrain, Reuters reports. The confirmation came in on Tuesday and is the latest in a trend of GCC banking consolidation -- something of a knee-jerk reaction when times get tough. We saw it during the financial crisis and recently with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-19T03:43:53+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KFH in merger talks with Ahli United Bank\",\"datePublished\":\"2017-07-19T03:43:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\",\"name\":\"KFH in merger talks with Ahli United Bank - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-19T03:43:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KFH in merger talks with Ahli United Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KFH in merger talks with Ahli United Bank - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/kfh-in-merger-talks-with-ahli-united-bank\/","og_locale":"en_US","og_type":"article","og_title":"KFH in merger talks with Ahli United Bank","og_description":"Kuwait Finance House confirmed it is in talks to merge with Ahli United Bank of Bahrain, Reuters reports. 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The credit facility will replace a medium-term loan\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/ahli-united-bank-bid-for-aub-egypt-gets-regulatory-approval\/","url_meta":{"origin":645407,"position":1},"title":"Ahli United Bank bid for AUB Egypt gets regulatory approval","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"M&A WATCH- Ahli United Bank gets regulatory clearance for bid to buy out minority investor: Ahli United Bank\u2019s (AUB) full takeover of its Egypt arm moved a step closer yesterday after the Financial Regulatory Authority (FRA) approved its offer to purchase the remaining 14.52% stake in AUB Egypt alongside Misr\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575828,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/28\/ahli-united-bank-purchases-30-mn-shares-in-aub-egypt\/","url_meta":{"origin":645407,"position":2},"title":"Ahli United Bank purchases 30 mn shares in AUB Egypt","author":"enterpriseam admin","date":"28 October 2020","format":false,"excerpt":"M&A WATCH- Bahrain\u2019s Ahli United Bank (AUB) has purchased more than 30 mn shares in its Egypt unit alongside Misr Strategia for EGP 913.1 mn, it said in an announcement posted on EGX screens yesterday. The bank, which controlled 85.5% of its Egypt subsidiary before the transaction, purchased 30.6 mn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568973,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/10\/is-ahli-united-bank-looking-to-sell-its-egypt-unit\/","url_meta":{"origin":645407,"position":3},"title":"Is Ahli United Bank looking to sell its Egypt unit?","author":"enterpriseam admin","date":"10 February 2020","format":false,"excerpt":"M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell its Egypt arm after its recent acquisition by Kuwait Finance House (KFH), the local press reported, citing unnamed sources. The Kuwaiti bank is required to obtain a separate Islamic banking\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/125.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574632,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/16\/bahrains-ahli-united-bank-submits-offer-to-buyout-egypt-unit\/","url_meta":{"origin":645407,"position":4},"title":"Bahrain's Ahli United Bank submits offer to buyout Egypt unit","author":"enterpriseam admin","date":"16 September 2020","format":false,"excerpt":"WATCH THIS SPACE- Bahrain\u2019s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority (FRA) saying (pdf) yesterday that AUB and \u201cMisr Strategia\u201d (which reads to us like a special purpose vehicle or \u201cSPV\u201d set up for the transaction) have submitted an offer to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644757,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/efg-hermes-asset-management-to-manage-two-funds-for-ahli-united-bank\/","url_meta":{"origin":645407,"position":5},"title":"EFG Hermes Asset Management to manage two funds for Ahli United Bank","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"EFG Hermes Asset Management to manage two funds for Ahli United Bank: EFG Hermes Asset Management has been selected to manage two Ahli United Bank-Egypt funds, the bank\u2019s \u201cTharwa\u201d money-market fund and its \u201cAlpha\u201d Egyptian equity fund, according to an EFG Hermes statement. 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