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Banque Saudi Fransi (BSFR), a Saudi lender part-owned by Credit Agricole SA (ACA), will sell its 27 percent stake in Bemo Saudi Fransi Syria and its 10 percent share capital in Bemo Lebanon.
“The financial risks in the Arab Republic of Syria do not permit Banque Saudi Fransi to continue as partner,” the Riyadh- based lender said in the statement on the Saudi bourse website today. The bank “is no longer represented in the board of directors of Bemo Saudi Fransi Syria and Bemo Lebanon,” it said……………………………………….Fll Article: Source
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Islamic Finance Briefing - Categorized | Banking, Market Moves more
Banque Saudi cites ‘financial risks’ for sale of Syrian Bank
| Posted on 28 November 2011 |
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