Kuwait Finance House’s 45th year in business was a banner one. In October 2022, the team led by acting chief executive Abdulwahab Iesa Alrushood completed the acquisition of Bahrain’s Ahli United Bank to create the world’s second-largest Islamic bank.
The $11.6 billion deal was four years in the making and was among the world’s biggest bank mergers announced last year. It also was a rare cross-border transaction in the Middle East, creating the Gulf region’s seventh-largest lender by assets.
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