Ahli United Bank gets nod to buy 40% of Libyan Bank

  • Share via facebook
  • Tweet this
  • Bookmark and Share
BAHRAINI BANK: Ahli United Bank is headquartered in Bahrain.(Getty Images)

BAHRAINI BANK: Ahli United Bank is headquartered in Bahrain.(Getty Images)

Ahli United Bank received approval from the Bahrain and Libyan central banks to acquire 40 percent of the United Bank for Commerce & Investment, according to a Bloomberg newswire report on Tuesday.

 Ahli United Bank disclosed this information in a statement to the Kuwait Stock Exchange.

Headquartered in Bahrain, Ahli United Bank offers a range of conventional and Sharia-compliant banking services to customers across the region.

AUB has an integrated network of seven subsidiary and managed affiliate banks with 118 branches in seven countries across Bahrain, Kuwait, Qatar, Oman, Iraq, Egypt and the UK.

Related:

Market Performance

Ahli United Bank - Bahrain
0.425
0.0 0.0 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Coming to America

Coming to America

As Barack Obama seeks to rebalance the bloated US economy, the...

Should the Gulf introduce VAT?

Should the Gulf introduce VAT?

The GCC’s plans to bring in value-added tax were withdrawn as...

5
Why are some of the world's biggest banks leaving the UAE?

Why are some of the world's biggest banks leaving the UAE?

Large Western banks have been selling off their local assets...

2
Most Discussed