Financial and Banking News
INVESTMENT ACTIVITIES
MEFG Bids for AAB in Bahrain
The Middle East Finance Group (MEFG), a holding company for the Bin Mahfuz family of Jiddah (the owners of National Commercial Bank - NCB), has made a bid for all the equity of the Bahrain-based Arab Asian Bank (AAB). MEFG is a 25% shareholder in AAB, the remainder of the equity being held by Shaikh Fawaz ibn Muhammad al-Khalifah, Mr. Hussain Najadi, the Arab Malaysian Development Bank, Woodward and...
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