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Kuwait Finance House chief looks to life after AUB acquisition

Kuwait Finance House chief executive Mazin Saad Al-Nahedh talks to John Everington about the bank’s acquisition of Bahrain’s Ahli United Bank, and the threats and opportunities posed by fintech.
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Q: Kuwait Finance House [KFH] shareholders approved the acquisition of Bahrain’s Ahli United Bank [AUB] in January. What was the origin of the deal?

A: Around the middle of 2015, KFH’s board looked at the group’s return on equity and assets, and asked for our projections for the coming three years. Following this, the board said we needed to find a way to boost our income and increase our international presence, while diversifying our risk profile away from Kuwait and Turkey.

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John Everington is the Middle East and Africa editor. Prior to joining The Banker, John was the deputy business editor of The National in the UAE, and has also worked for Dealreporter, Arab News and The Telegraph. He has also covered the telecom sector in Africa and the Middle East, living and working in Qatar and the UK. John has a BA in Arabic and History and an MA in Middle Eastern Studies from the School of Oriental and African Studies (SOAS) in London.
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