Increasing Market Value of National Bank Raises Insurance Profits
2018-08-03 - 1:11 am
Bahrain Mirror: The market value of Ahli United Bank (AUB) rose between June 25 and recently by 290.3 million BD, increasing from 1.8 billion to 2.1 billion, a period during which reports emerged and serious conversations were made about the bank's merger with Kuwait Finance House (KFH).
Consequently, the General Authority for Social Insurance (Bahrain) gained during one month about 29 million dinars following the rise in the share price of Ahli United Bank; having a share in the largest bank in the Kingdom of 10.02%. It is the only Bahraini government participation in the two financial entities.
comments powered by Disqus