The Saudi Investment Bank has made it clear that it is not involved in any negotiations regarding potential mergers or acquisitions. This announcement came as a response to a recent market speculation suggesting that Kuwait Finance House (KFH), Kuwait’s largest bank, was considering the purchase of a stake in the Saudi Investment Bank.
Earlier, KFH disclosed its intentions to explore opportunities for expansion within Saudi Arabia. They reaffirmed their ongoing assessment of various prospects in multiple banks but mentioned that no Memorandum of Understanding or agreement has been signed with any Saudi bank as of yet.
This clarification was issued in a disclosure to the Saudi stock exchange following a media report that hinted at possible acquisition talks.
