Kuwait Finance House to purchase Bahrain's Ahli United for $11.6 billion.

KUWAIT: Kuwait Finance House (KFH) has agreed to purchase Bahrain’s Ahli United for approximately $11.6 billion.

The deal, which has been in the works for nearly four years, would be among the largest in the banking sector this year.

As a rare cross border deal in the Middle East, it would create the Gulf’s seventh-largest lender with $115bn in assets.