Al Khaliji: Announcement of Possible
Disposal of Subsidiary
May 15, 2018
Al Khaliji Commercial Bank (Al Khaliji) is
assessing its shareholding in its fully owned subsidiary Al
Khaliji France SA and is currently engaging with interested
third parties in respect of a possible disposal of 100% of its
shares.
Discussions are at a very preliminary stage
with no certainty that any transaction will be entered into. It
is proposed that any transaction would be effected by way of a
private offering. A
further announcement will only be made if there is a development
which requires the disclosure of further information under the
applicable laws.
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