Jordan National Bank Buys 85% Stake In Lebanon Kuwait Bank
Jordan National Bank (JNB) has purchased an 85% stake in Lebanon Kuwait Bank. The stake, which cost JNB $22mn, will give the Jordanian bank control over five branches of Lebanon Kuwait Bank, with the remaining shares continuing to be held by Lebanese investors. According to the Arabic daily Al-Hayat on 15 March, the agreement for the acquisition was signed by the JNB chairman Rajai Mu'ashir and...
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!