Acquisition | AHLI UNITED BANK KSCP/KUWAIT | 19th February 2024

Initially announced on October 16, 2023 KUWAIT FINANCE HOUSE KSC made a stock offer for AHLI UNITED BANK KSCP/KUWAIT of 0.3723118279 shares per AHLI UNITED BANK KSCP/KUWAIT share held. AHLI UNITED BANK KSCP/KUWAIT shareholders approved the Acquisition on November 29, 2023. Pending the completion of customary closing conditions, the share swap is expected to be executed on February 22, 2024. Trading in shares of AHLI UNITED BANK KSCP/KUWAIT is expected to be halted effective February 15, 2024.

• AHLI UNITED BANK KSCP/KUWAIT will be removed from the Index.
• The shares of KUWAIT FINANCE HOUSE KSC (KFH.KW) will be increased according to the stock terms of the transaction.
• Effective Date (open): 19/02/2024

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