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Kuwait Finance House's Turkish asset manager transfers 50% stake to sister firm

Kuveyt Türk Katilim Bankasi AS' asset management arm will off-load a 50% stake to KFH Capital, Reuters reported March 12, citing a regulatory filing.

The stake represents 5 million shares in KT Asset Management, the newswire said.

Kuwait Finance House KSCP is the ultimate parent of Kuveyt Türk and KFH Capital.