IslamicFinance.de

Kuwait Finance House will decide the fate of its Malaysian business by the end of this month, a spokesman said on Tuesday, after it had been reported that Qatar National Bank had bid to buy the unit. The sale ist part of of a broader restructuring of its operations. A spokesman for KFH said it was looking at several options whether to restructure, sell or merge its Malaysian business and that the decision will be concluded by the end of this month. A source familiar with the matter had said earlier that QNB had submitted a bid to purchase the Malaysian unit. The source declined to provide further details, and whether there were other bidders involved.