Commercial Bank Negotiates Selling Its Stake in the United Arab Bank

September 26, 2017

The Commercial Bank has agreed to grant a grace period of 90 days exclusively to a third party purchaser (the Purchaser) during which the two parties will negotiate the final terms and conditions of the deal for selling the stake of the Commercial Bank in the United Arab Bank listed in Abu Dhabi Securities Exchange and headquartered in Sharjah, United Arab Emirates. The deal is subject to the satisfaction of certain conditions.