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Commercial Bank Agrees to Extend Grace Period Granted to Tabarak
Investment until 2 April 2018 to Purchase Its Stake in United
Arab Bank
March 1, 2018
Further to Commercial bank's announcement on September 26, 2017,
entitled "Commercial Bank's share in United Arab Bank" and
updates of the October 22, 2017, 26 December 2017, and 29
January 2018, we would like to inform you that Commercial Bank
has agreed to extend the grace period granted to Tabarak
Investment Company, (One-person company LLC), until 02 April
2018, in respect of the potential acquisition of the share of
Commercial Bank (Q.P.S.C.) in United Arab Bank (P.S.C), listed
on the Abu Dhabi Securities Exchange (ADX), headquartered in
Sharjah, United Arab Emirates.
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