Kuwait Finance House K.S.C.P. agreed to acquire remaining 4.936% stake in Ahli United Bank K.S.C.P. for approximately KWD 36.13 million on July 30, 2023. On September 19, 2023, Kuwait Finance House K.S.C.P. board approved the transaction. According to the opinion of the Independent Investment Advisor and the results of the Independent Assets Valuation Report, the Share SWAP Ratio was calculated as 0.3723118279 of KFH?s share in exchange for 1 share of AUB - Kuwait. On October 16, 2023, Capital Markets Authority have approved the transaction. The Merger by Combination process between KFH and AUB - Kuwait is subject to the approval of the Extraordinary General Assemblies of both Banks, the date of which will be set later after completing the remaining relevant regulatory procedure and regulatory approvals. On October 19, 2023, KFH Board resolved several decisions in their meeting to recommend the Extraordinary General Assembly to increase the authorized, issued and paid-up capital of KFH, to be allocated to the shareholders of AUB - Kuwait.

Kuwait Finance House K.S.C.P. completed the acquisition of remaining 4.936% stake in Ahli United Bank K.S.C.P. on February 22, 2024.