Kuwait-based Tamdeen cancels sale of 25 per cent stake
Kuwait-based Tamdeen, a shareholder in Bahrain’s Ahli United Bank (AUB) has ended a $1.32bn deal to sell a 25 per cent stake after rejecting an unnamed buyer’s request for more time, Reuters has reported. Tamdeen’s board rejected the request of the buyer to extend a six-month period for the deal to be sealed, the firm said in a statement to Bahrain’s stock exchange. It said the period had ended on December 1, but did not provide further details.
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