Ahli United gets approval for 40pc Mefic Capital stake buy
DUBAI, February 26, 2016
Ahli United Bank has received regulatory approval to acquire a 40 per cent stake in Saudi Arabian investment firm Mefic Capital, according to a statement.
No value was given for the transaction, which makes the Bahraini lender the largest shareholder in Mefic Capital.
Mefic Capital Chairman Abdulrahman Abdulaziz Al-Tuwaijri said the deal would support the firm's growth plans and increase its investment activities. - Reuters
