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)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2020