Ahli United Bank received approval from the Bahrain and Libyan central banks to acquire 40 percent of the United Bank for Commerce & Investment, according to a Bloomberg newswire report on Tuesday.
Ahli United Bank disclosed this information in a statement to the Kuwait Stock Exchange.
Headquartered in Bahrain, Ahli United Bank offers a range of conventional and Sharia-compliant banking services to customers across the region.
AUB has an integrated network of seven subsidiary and managed affiliate banks with 118 branches in seven countries across Bahrain, Kuwait, Qatar, Oman, Iraq, Egypt and the UK.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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