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- Lebanon receives preliminary approval to increase World Bank loan to $400m
- China Exempts Some Goods from US Tariffs to Limit trade War Pain
- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
- Foreign investors remain net buyers of GCC stock market in first quarter
- Quarterly earnings announcement, tariff hold supports QSE index rise
- Gold prices drop more than 1%
- Saudi Arabia's Vision 2030 enters final phase with strong momentum
- Saudi Arabia takes part in European Economic Congress
- UAE jobs: Etihad Airways to hold career fair for Emiratis on May 22
- Adnoc Distribution to operate 500 high-power EV chargers by 2028
07/04/2010 00:00 AST
Kuwait's Tamdeen Investment Co said yesterday it had agreed with other investors to sell a 25 per cent stake in Bahrain-based Ahli United Bank (AUB) for $1.35 billion. In a statement on the Kuwait Stock Exchange website, Tamdeen did not disclose the identity of the buyers but said they were from the Gulf region.
Local newspapers reported they were Qatari investors. Tamdeen said the deal would be finalised within 60 days. The listed company said it would sell its 8.9 per cent stake in AUB while other investors had committed to selling 16.1 per cent, or a total of 1.23 billion shares at $1.10 a share. Tamdeen said its profits from the transaction are estimated at $340 million.
AUB is a full fledged commercial and investment banking group that holds major stakes in banks in Britain, Kuwait, Oman, Qatar, Egypt and Iraq.
AFP
09/11/2009
Central Bank of Kuwait approved the financial statements of Tamdeen Investment Company (TAMIN) for period ending Sept 30, 2009, dated Nov 5, 2009.
For the three months ending Sept 30, 2009,
Arab Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| OSOUL | 156.00 | 1.00 (0.64 |
| BAYANINV | 59.50 | 0.80 (1.36 |
| GFC | 143.00 | 5.00 (3.62 |
| KINGDOM | 9.09 | 0.21 (2.36 |
| TADAWULGROUP | 195.80 | 1.40 (0.72 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
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