Financial and Banking News


ARINFI Takes Control of Arab Leasing Company

London-based Arab International Finance (ARINFI) on 14 December completed a takeover of the Arab Leasing Company in Bahrain which is intended as its first step into assetbased banking activity. The terms of the deal are being withheld, although MEES understands that shareholders of Arab Leasing (Holdings) SA, the Luxembourg holding company, are receiving a mix of cash and ARINFI equity.