Mubasher TV
Contact Us Advertising   العربية

Al khaliji suspends disposal of Al Khaliji France

Al khaliji suspends disposal of Al Khaliji France
Al khaliji board decided not to pursue the process any further
Al Khaliji
KCBK
0.95% 2.24 0.02

Mubasher: Al Khalij Commercial Bank (Al khaliji) on Wednesday announced that it has entered into talks with various bidders for the disposal of its subsidiary, Al Khaliji France S.A.

The bank’s board saw that the various offers received were not in the best interest of the Bank’s shareholders, according to the bank’s filing to the Qatar Stock Exchange (QSE).

The board also decided not to pursue the process any further.

For the first half of 2018, Al khaliji's profits rose 4.9% to QAR 335.33 million, from QAR 319.81 million in H1-17.

By the end of Wednesday’s session, Al khaliji’s stock stood at QAR 11.