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AUB boosts stake in Egypt bank

Cairo, July 7, 2010

Bahrain’s Ahli United Bank (AUB) has increased its stake in Ahli United Bank Egypt to 85.1 per cent from 79.6 per cent, Egypt’s bourse said yesterday.

The Bahraini bank, which has sought to boost its stake to 90 per cent in an offer that began on June 1, bought 3.3 million shares at EGP37 ($6.68) each, said a report in our sister publication, the Gulf Daily News.

The deal was worth EGP122.6 million. – TradeArabia News Service




Tags: Bahrain | Egypt | Stake | AUB | Ahli United |

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