By John Lee. Bahrain’s largest lender has increased its stake in the Commercial Bank of Iraq, according to Gulf News. In a stock exchange statement, Ahli United Bank (AUB) said it had bought an additional 25 billion shares -- equivalent to 10 percent of the shares -- bringing its holding to 64.71 percent. (Source: GulfNews)
Tag Archives | Commercial Bank of Iraq
BCOI “tender offer” off to a slow start
By DeWeaver on 6th August 2010 in Iraq Banking & Finance News, Mark DeWeaver on Investments and Finance
At the end of June, Al Ahli United Bank (AUB) announced that it was seeking to raise its stake in Commercial Bank of Iraq (BCOI) from 49% to 60% by purchasing 6.6 billion BCOI shares in the Iraq Stock Exchange (ISX). The purchases are to take place over a two-month period starting July 4, with […]