Browse related articlesCBQ, UAB deal draws closer
Qatar: Saturday, August 18 - 2007 at 08:23
The Commercial Bank of Qatar (CBQ) has confirmed that it has received initial approval to buy an undisclosed stake in the UAE's United Arab Bank (UAB), reported Reuters. The bank has been given the go-ahead by 'major' shareholders in the UAB to buy a sizeable stake and also to manage the lender. The deal was first reported last month and is still subject to central bank ratification.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, August 18 - 2007 at 08:23 UAE local time (GMT+4)
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