Kuwaiti investors to sell 25pc of Bahrain bank

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

News

Tamdeen Investment earns KD 262k in 3rd quarter

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

Most Viewed Companies

Ticker Price Volume

Valuation

TAMINV Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Top Related Companies

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%)

Recent News

Oman Oil Marketing Company reports minor damage following storage tank attack

05/03/2026

The Oman Oil Marketing Company (OOMCO) has formally announced that one of its fuel storage tanks on March 3 the subject of an incident. In a statement released on March 4, the company confirmed that

Muscat Daily

UAE telecom firm du says its network is operating normally

05/03/2026

Emirates Integrated Telecommunications Company (du) on Wednesday assured its operational readiness and confirmed its infrastructure and core systems were operating normally.

Providing a busi

Khaleej Times

UDC approves 5.5% cash dividend distribution equivalent to QAR 194.7 million

05/03/2026

The annual ordinary general assembly meeting of the United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, approved th

Gulf Times

Alba boosts Bahraini leadership pipeline through key appointments

05/03/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced a set of leadership appointments that underscore its long-term commitment to succession planning, leadership

Trade Arabia

AD Ports Group confirms normal operations amid regional conflict

05/03/2026

The AD Ports Group on Wednesday, March 4, confirmed that all its operations continue normally in light of current regional developments.

As a precautionary measure, the group has activated i

Khaleej Times

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap