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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Investment more

Gulf firm set to buy 25pct stake in AUB

Posted on 07 April 2010

From Gulf-daily-news.com: Ahli United Bank (AUB), Bahrain’s largest bank, said a Gulf entity, which it would not name, had agreed to buy 25 per cent in the lender, in a deal estimated at about $1.32 billion.

AUB said yesterday Kuwaiti real estate and investment firm Tamdeen and other shareholders had agreed to sell the stake but the bank did not name the buyer, who would likely become the single largest shareholder in the bank if the deal is approved……………………………………….Full Article: Source

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