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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 | 217.00 | -9.00 (-3.99 |
| BAYANINV | 63.40 | -0.40 (-0.63 |
| GFC | 247.00 | 3.00 (1.22 |
| KINGDOM | 7.96 | 0.06 (0.75 |
| TADAWULGROUP | 170.00 | 1.90 (1.13 |
08/08/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has delivered a strong top-line growth of 18.7% to AED1,403 million ($381.98 million) in Q2 2025, driven by a 12.1% i
Trade Arabia
08/08/2025
Saudi Arabian Mining Company (Maaden) has reported a 73% jump in its net profit for the first half, which soared to SAR3.47billion ($924 million) from SAR2.01 billion ($535 million) last year, mainly
Trade Arabia
08/08/2025
Market heavyweight Industries Qatar (IQ) - the holding entity of Qatar Petrochemicals, Qatar Fertiliser and Qatar Steel - has reported net profit of QR2bn in the first half (H1) of 2025.
The
Gulf Times
08/08/2025
Aramex reported group revenues of Dh3.06 billion for the first half of 2025, marking a 1% year-on-year increase, as growth in domestic and regional logistics offset weakness in international express
Gulfnews
08/08/2025
Parkin Company PJSC, the city's largest paid public parking provider, reported a record 56% year-on-year rise in Q2 2025 revenue to Dh320 million, driven by higher public parking tariffs, strong enfo
Gulfnews
Financial Information Co.
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