VOL. XLVII

No 09

01-March-2004

BAHRAIN

REGIONAL BANKING

Bahrains Al Ahli United Mulls Purchasing Stake In Qatars Al Ahli Bank

Bahrains Al Ahli United is seeking to buy a stake in Qatars Al Ahli Bank and Al Ahlis General Manager, Qasim Muhammad Qasim recently wrote to the Doha Securities market detailing his plans, following a steep rise in the value of the banks shares in the last two weeks. The percentage of shares that might be offered to Al Ahli United could total 40%. The previously troubled Al...