Publication Date:
Thu, 2005-08-11 03:00
MANAMA, 11 August 2005 — Bahrain-based Ahli United Bank said yesterday it had increased its stake in Bank of Kuwait and the Middle East to 75 percent in a deal worth $428 million. AUB, which has spent the past three years gradually raising its stake in BKME, said it acquired an additional 19.6 percent of BKME’s issued capital, or 138.2 million shares.
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