Islamic lender Kuwait Finance House plans to sell several investments in Bahrain, Al Watan newspaper said on Sunday.
KFH, Kuwait's biggest lender by market value, plans to release a statement about the deal in the next few days, the paper said in an unsourced report. It did not provide further details.
Separately, the paper said KFH was planning a real estate investment in Bahrain worth $1.5 billion. The plan would consist of several commercial and residential projects on a area of 5,000 square kilometres.
The deal was pending the outcome of studies, it added, citing unidentified sources.
Daily Al Rai said on March 16 KFH was close to securing a real estate deal in Bahrain worth $1.5 billion.
The lender could not be immediately reached for comment. (Reuters)
KFH to sell Bahrain investments