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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Saudi Rajhi Bank in talks over KFH stake

Posted on 16 November 2011

Saudi Al Rajhi Bank has begun preliminary talks with private and public sector stock owners of Kuwait Finance House on buying an “influential share”, Kuwait’s Alrai newspaper reported on Tuesday.

A share price of between 1.2 and 1.4 Kuwaiti dinars has been discussed, the paper said, citing “banking sources”. KFH, the Gulf state’s largest Islamic bank, said management had no information of the reported stake buy in a statement to the bourse……………………………………Full Article: Source

 
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