Ahli United Bank B.S.C. (BAX: AUB) (AUB) and Ahli United Bank K.S.C.P. (KWSE:ALMUTAHED) (AUB Kuwait) are in negotiations with Warba Bank K.S.C.P. (KWSE:WARBABANK) to sell their shares in Kuwait & Middle East Financial Investment Co. (KMEFIC). When a final agreement has been reached, it has to be approved by regulatory authorities, according to a statement to Boursa Kuwait, which indicated that talks may or may not result in a final deal.

Combined, AUB and AUB Kuwait have a 74.3% stake in KMEFIC.