BUSINESS

Jordan Ahli Bank sells stake in Lebanon's International Ahli Bank

Jordan Ahli Bank (JAB) on Tuesday announced that under a preliminary agreement signed this week, a Lebanese commercial bank will buy all the shares of JAB in the International Ahli Bank in Lebanon which accounts for 97 per cent of total shares.

Jordan Times

April 9, 2014

09 April 2014

AMMAN -- Jordan Ahli Bank (JAB) on Tuesday announced that under a preliminary agreement signed this week, a Lebanese commercial bank will buy all the shares of JAB in the International Ahli Bank in Lebanon which accounts for 97 per cent of total shares.

JAB disclosed its announcement on the Amman Stock Exchange website.

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