28.03.2012 - Kuwait Finance House to sell, merge unprofitable assets

Islamic bank Kuwait Finance House (KFH) will shuffle its top management and work with advisors to sell, merge or restructure unprofitable subsidiaries, state news agency KUNA quoted the bank's chief executive as saying. It quoted Mohammed Omar as telling shareholders on Monday that KFH's restructuring would require executive appointments that had approval from KFH's board and were now awaiting approval from the central bank...............................................Full Article: Source

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