Financial and Banking News
REGIONAL BANKING
MEFG Completes AAB Takeover
The Middle East Finance Group (MEFG), a holding company for the Bin Mahfuz family of Jiddah (the owners of National Commercial Bank - NCB), has completed its takeover of the Bahrain-based Arab Asian Bank (AAB), according a bank announcement last week. MEFG, which was a 25% shareholder in AAB prior to the takeover, made its April bid for AAB subject to an audit (MEES 22 April), which has now been satisfactorily...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!