Merging Interests
Kuwait banks explore deal to create $50 billion Islamic lender
The proposed tie-up comes as Fitch expects the GCC’s debt capital market to reach $1 trillion outstanding by next year
A view of high-rise buildings in Kuwait City (Getty Images)
Add The Circuit on GoogleTwo of Kuwait’s biggest banks are exploring a merger that would create an Islamic lender with more than $50 billion in assets.
The proposed tie-up comes amid a wave of banking consolidation across the Middle East, partly...