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Global buys 30% of Al Quds
- Palestine: Monday, August 21 - 2006 at 08:07
Kuwait's Global Investment House has acquired a 30% stake in the Al Quds Palestinian Bank, according to the KUNA. The move will double the Ramallah based bank's capital to $50m and the money will be used to open more branches and offer a wider range of products and facilities to its customers. The bank retains 50% of its shares, with the remaining 20% owned by the public.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 21 - 2006 at 08:07 UAE local time (GMT+4)
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This article was updated on Sat Jun 16 2007.
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