Mubasher: Ahli United Bank (AUB), listed on Bahrain’s bourse, achieved only 13.09% of the targeted increase of its stake in the Commercial Bank of Iraq, according to a statement on the Iraqi bourse.

The total shares AUB succeeded in buying till the end of May were 3.27 billion shares out of 25 billion targeted shares, with a value at IQD 1.5 billion (BHD 469,720) carried out through 33 transactions.

The Iraq Stock Exchange (ISX) gave AUB a two-month grace period starting 17 May to increase its stake to 161.79 billion shares.