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# Kuwait Finance House Completes Merger with Ahli United Bank, Becoming Kuwait's Largest Bank
- URL: https://www.theglobalbanker.com/kuwait-finance-house-merges-ahli-united-bank-kuwait-largest-bank/
- Published: 2024-02-27T20:00:00.000Z
- Updated: 2026-10-02T14:46:46.000Z
- Description: Kuwait Finance House has completed its merger with Ahli United Bank Kuwait, a deal KFH described as the first of its kind in Kuwait's banking sector, lifting KFH to the position of world's second-largest Islamic bank by assets.
- Author: TGB Editorial Team
- Tags: M&A, MENA, #archive

Kuwait Finance House has completed its merger with Ahli United Bank Kuwait, a transaction described by KFH chairman Hamad Al-Marzouq as the first-ever bank merger in Kuwait's financial sector and one that positions the combined institution as both the country's largest bank and the world's second-largest Islamic bank measured by total assets. The completion follows KFH's 2022 acquisition of the Bahrain-based Ahli United Bank group.

The merged entity reported total assets of KD 38.01 billion for the 2023 financial year. Al-Marzouq described it in a statement published by the bank as the largest merger in Kuwait's banking history.

#### AHLI UNITED BANK GROUP

KFH had already acquired the wider Ahli United Bank group, with operations in Bahrain, Egypt, Iraq and the United Kingdom, in 2022; this final step folds AUB's Kuwaiti unit into KFH.