No. 51



Bahrains AUB Sees Shareholder Restructuring And Appoints New Board Members To ACB

Bahrains Ahli United Bank (AUB) announced on 11 December that Kuwaits Gulf Bank has sold its 153.6mn share stake in the bank to the Bahrain Civil and Military Pension Funds at a price of $0.31 per share. AUB is the product of the merger of Al Ahli Commercial Bank (ACB) and the United Bank of Kuwait (UBK) which took place earlier this year (MEES, 10 January). Gulf Bank...