“Your House” announced on Tuesday that it would be obligated to apply to the Capital Markets Authority for the compulsory acquisition of the bank’s shares within 90 days of the date Disclosure because the group had acquired an interest of 67.33 percent of the issued and paid capital of the United National Bank – Kuwait.
According to “Your House,” the bank’s financial status is unaffected at the moment.
In the third quarter of 2022, the Kuwaiti Finance House’s profits climbed by 2.7% annually to reach 67.7 million dinars, or roughly 218 million dollars, up from 65.9 million dinars (212.2 million dollars) in the third quarter of 2021.
The bank’s profits increased by 22 percent to 205.7 million dinars (662.3 million dollars) in the first nine months of this year.
4 percent more than its level of 168 million dinars during the same time the year before (540. 9 million dollars)..
A request is made by “Your House” to purchase “Al-Ahly United Kuwait.”
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