Banking & Finance
Commercial Bank of Qatar Announces Offer To Acquire Additional 15.2% Stake in NBO
Muscat: The Commercial Bank of Qatar has announced its intentions to acquire a further 15.2% of issued share capital by the NBO and take its total stake to 50.1%
The sale of shares will be open from the duration of 10th June 2021 to 11th July 2021. The Commercial Bank of Qatar stated, “The offer completion will result in the formation of a stronger banking institution that the management of CB envisages should become more competitive, both locally and regionally. Through Offer Completion, CB aims to enhance shareholder value and promote the development of NBO.”
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