Monday 24 June 2019
Libyan bank

ABC acquires stake in Libyan bank

Bahrain-based Arab Banking Corporation (ABC) said it has entered into an agreement to acquire a 49 per cent stake in top Libyan bank, Mediterranean for 74 million Libyan Dinars ($60 million). The acquisition, subject to final regulato


Ahli United acquires 40pc of Libyan bank

Bahrain's Ahli United Bank (AUB) said it has acquired a 40 per cent stake in Libya's United Bank for Commerce & Investment (UBCI) through a capital hike. The Bahraini lender has invested $53.8 million in the acquisition, AUB sa

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