Financial and Banking News


Albaab Sues Bukhatir in Sharjah 

Al Bahrain Arab African Bank (Albaab) last week filed suit in a court in Sharjah against Bukhatir Mackinnon to recover a 1982 loan from the bank worth Dh20.5mn. The borrower is a part of the Bukhatir group, which is owned by Mr. 'Abd al-Rahman Bukhatir through his Bukhatir Investments Holding Company. Bukhatir Investments has a paid-up capital of Dh150mn and total assets of Dh550mn, according to press...