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Qatar Commercial to buy 40pc of UAB

Dubai, September 23, 2007

Commercial Bank of Qatar won initial approval from the UAE and Qatar authorities to buy 40 percent of Sharjah-based United Arab Bank at 7.75 dirhams ($2.11) per share, United Arab said.

The transaction will be completed by the end of November, the UAE lender said in a statement on Sunday.- Reuters    




Tags: Commercial Bank of Qatar | United Arab Bank |

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