March 18, 2019 / 2:13 PM / 6 months ago

Due-diligence on Kuwait Finance House, Ahli United deal may take two-three months: KFH

FILE PHOTO: A customer walks out from the main entrance to Ahli United Bank's headquarters in Manama October 30, 2013. REUTERS/Hamad I Mohammed

KUWAIT (Reuters) - The due diligence process on Kuwait Finance House’s move to buy Bahrain’s Ahli United Bank may take two to three months, KFH Chairman Hamad Abdulmohsen al-Marzouq said on Monday.

Kuwait Finance House is taking over the Bahraini lender in the first major cross-border bank merger deal in the Gulf region in recent years. The deal was formalized in January.

Reporting by Ahmed Hagagy; Writing by Saeed Azhar; Editing by Louise Heavens

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