Hariri Arab Bank Stake Sold to Masri, Jordanian and Arab Investors

تم نشره في Wed 8 February / Feb 2017. 01:00 AM
  • chairman of the Arab Bank, Sabih Masri - (Archives)

AMMAN —AlGhad— The Hariri family owned company, Saudi Oger Middle East Holding, agreed to sell their 20 per cent stake in the Arab Bank today, Wednesday, for USD1.12 billion, to a group of 40 Saudi, Jordanian and Arab investors led by chairman of the Arab Bank, Sabih Masri.

In Q3-2016, Arab Bank Group reported a net profit of USD617.9 million, compared to USD615.1 million in the first nine months of last year. The bank maintains a capital base with shareholders equity standing at USD8.3 billion.