Middle East Financial Brokerage Company (Kuwait) signed a non-binding memorandum of understanding to acquire KFIC Financial Brokerage Co. from Kuwait Finance and Investment Company K.S.C. (Public) (KWSE:KFIC) and others on June 25, 2018. The memorandum of understanding studies the possibility of merger between, Middle East Financial Brokerage Company (Kuwait), a 90% owned subsidiary of Kuwait Finance and Investment Company K.S.C. (Public) and KFIC Financial Brokerage Co., a 98.5% owned subsidiary of Kuwait Finance and Investment Company K.S.C. (Public). Middle East Financial Brokerage Company (Kuwait) cancelled the acquisition of KFIC Financial Brokerage Co. from from Kuwait Finance and Investment Company K.S.C. (Public) (KWSE:KFIC) and others on January 17, 2019.