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Wednesday, 7 December 2016

Consortium to pay $1.12 bln for Oger's stake in Jordan's Arab Bank- TV | Reuters

Consortium to pay $1.12 bln for Oger's stake in Jordan's Arab Bank- TV | Reuters:
"A group of investors will pay $1.12 billion for Saudi Oger's stake in Jordan's Arab Bank and expects to complete the deal by mid-January, a member of the consortium told Al Arabiya TV on Wednesday.

Saudi Arabian conglomerate Astra Group was part of the consortium, led by Arab Bank Group Chairman Sabih al-Masri, that was buying the 20 percent stake, Ghassan Akeel, chief executive for Saudi Arabia and the Gulf Cooperation Council at Astra Group, told the broadcaster.

Masri is also chairman of Astra Group."

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