United Gulf to Sell Stake in Tunis International to Burgan Bank - Bloomberg.com

United Gulf Bank BSC, a Bahrain- based investment bank, plans to sell a stake in Tunis International Bank to Burgan Bank SAK of Kuwait as part of a plan to dispose its stakes in four banks for $725 million.

The sale of its holding in Algeria Gulf Bank, Bank of Baghdad and Jordan Kuwait Bank has been completed and the disposal of its stake in Tunis International will be completed once regulatory approval has been received, United Gulf Bank said in a statement to the Bahrain Stock Exchange today.