Bahrain's Ahli United Bank to increase shareholding in Ahli United Bank Egypt

AUB closed its tender offer and will increase its share from 85.5% to 95.7%

  
Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018. Image for illustrative purposes.

Traders look at the screens at Bahrain Bourse in Manama, Bahrain, February 7, 2018. Image for illustrative purposes.

REUTERS/Hamad I Mohammed

Ahli United Bank (AUB) is set to increase its share in Ahli United Bank Egypt (AUBE) subject to regulatory approvals.

The bank closed its tender offer, in which Egyptian shareholders with a combined shareholding of 10.2 percent, tendered their shares to AUB.

The public tender offer closed on October 22nd, according to a statement to Boursa Kuwait.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

imogen.lillywhite@refinitiv.com

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