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- Mirza begins structured trade and SCF role at Riyad Bank
- Riyad Bank Gets $1.5 Billion as Mideast Loans to Asia Hit Record
- Riyad Bank begins dollar-denominated debt issuance with $200,000 minimum
- NBK bags seven Brandon Hall awards for excellence in community initiatives
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- Kuwait Bourse closes higher
- QEWC launches new identity, changes name to 'Nebras Energy'
- Eurozone economy ends 2025 on benign note even as risks linger
- QCB foreign reserves rise 2.65% in December to QR261.868bn
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 |
|---|---|---|
| KINGDOM | 7.87 | 0.13 (1.67 |
| TADAWULGROUP | 165.70 | 1.70 (1.03 |
| BOURSA | 3,810.00 | 18.00 (0.47 |
| NIND | 291.00 | 2.00 (0.69 |
| GFH.KW | 182.00 | 1.00 (0.55 |
08/01/2026
In a renewed affirmation of its leadership and excellence in Social Responsibility and Human Resources Management, National Bank of Kuwait (NBK) was honored with seven awards from the Brandon Hall Gr
Kuwait Times
08/01/2026
The Qatar Electricity & Water Company (QEWC) has announced the launch of its new corporate identity under a new name, Nebras Energy.
This strategic transformation is based on decades-long mi
The Peninsula
08/01/2026
National Bank of Bahrain (NBB) has been recognised with Deutsche Bank's Client Excellence Award during Sibos 2025, one of the global financial industry's most prominent gatherings.
The acco
Trade Arabia
08/01/2026
Beyon Money Business, part of the Beyon Group, and Eazy Financial Services (EazyPay), a leading Bahraini payment services provider licensed by the Central Bank of Bahrain, have announced their offici
Trade Arabia
08/01/2026
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has announced a series of senior executive appointments to its Logistics Cluster, further strengthening
Trade Arabia
Financial Information Co.
Saudi Arabia