Kuwait Finance House (KFH) presented an official document to the acquisition offer for Ahli United Bank of Bahrain.
According to ArabiaNet, trading in Al-Ahly United shares will be suspended according to the document as of March 23rd.
The offer will be opened to Al Ahli United shareholders on the twenty-sixth of March, and will be closed initially on the fifteenth of April, unless the deadline is extended.
The exchange will be at the rate of a new share in your house for every 2.32 shares in Ahli United.
The deal requires approval for the holders of 82% of Al Ahli United.
It is expected that Ahli United shareholders will hand over their shares in your house on the eighteenth of next May.
