| 03.08.2009 - ADCB sells Gulf Merchant Bank stake |
| From Tradearabia.com: Abu Dhabi Commercial Bank, which completed the sale of its stake in Gulf Merchant Bank back to the firm on Sunday, said it quit its position to focus on its own core retail and commercial banking. ADCB, the third-largest lender in the emirate, paid $51 million in 2007 for a 41-percent stake in Gulf Merchant Bank, an investment bank established in 2006, as part of its strategy to expand abroad........Full Article: Source |