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

AUB stake being sold to Qatar investors

Posted on 13 April 2010

From Reuters: Up to five Qatari individuals are aiming to buy a 25-percent stake in Ahli United Bank, Bahrain’s biggest lender, with the aim of turning it into a wholly Islamic bank, a source familiar with the matter said.
AUB said last week Kuwaiti investment firm Tamdeen and other unnamed shareholders had agreed to sell the stake in the Bahraini bank to an undisclosed buyer from the Gulf Arab region, in a deal estimated at about $1.3 billion………………………………..Full Article: Source

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