Middle East Economic Survey
VOL. XLVII
No 36
6-September-2004
REGIONAL BANKING
Bahrains Ahli United Bank Buys 40% of Al-Ahli Bank Of Qatar
Bahrains Ahli United Bank has reached an agreement to buy 40% of Al-Ahli Bank of Qatar for a price of QR121.875mn ($35.5mn) for 12.187mn shares, increasing the banks paid up capital to QR305mn from QR183mn. The Qatari government recently approved the transaction, which was expected to close within the next few days. Ahli Uniteds intentions were revealed in a...
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!