Financial and Banking News
Alahli Kuwait To Buy Out Dubai Affiliate
Alahli Bank of Kuwait is to purchase outright its 50% owned Dubai affiliate, Alahli Bank Ltd CSC, according to press reports last week. The Dubai bank has two other shareholders, the Jordan National Bank and Credit Lyonnais, each holding 25% of the equity, with the latter providing the bank's senior management. The proposed deal is subject to approval by the Dubai government and the UAE Central...