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AUB may buy 10% stake Iraq’s Commercial Bank

AUB may buy 10% stake Iraq’s Commercial Bank
Headquarters of AUB (Photo Credit: Company website)
AUB Bahrain
AUB
0.21% 0.97 0.00
CBIQ
BCOI
0.00% 0.78 0.00

Mubasher: Al Ahli United Bank (AUB) has offered, through the Iraqi Stock Exchange, an offer to purchase 10% stake in Commercial Bank of Iraq through a bidding system, according to a bourse statement.

AUB noted that the offer expires on 24 July, 2016.

This investment will have no huge financial impact, the bank added.