The Kuwait Finance House (KFH) said it usually receives offers from different parties to purchase its stake in one of the bank’s investments, including its share in the Gulf Finance House (GIH).
In a bourse statement issued on Sunday, KFH clarified that it has not yet reached a decision to accept or reject any of the received offers. The bank added that it will disclose any updates, based on the essential information in line with the income statements.
KFH’s statement followed a news story published in a local newspaper regarding receiving an offer to purchase its stake in GIH.
At the stock level, KFH closed Sunday’s session 1.8% lower at 604 fils, after 6.03 million shares were traded at a value of KWD 3.68 million.