Bank of Sharjah sells 30 per cent in Lebanese bank

16 October 2010

Bank of Sharjah has finalised the sale of a 30 per cent equity stake in Emirates Lebanon Bank

Bank of Sharjah has finalised the sale of a 30 per cent equity stake in Emirates Lebanon Bank, or ELBank, to EL Capital FZC, Khaleej Times has reported. The bank said that the capital structure of ELBank was 51 per cent owned by Bank of Sharjah, 30 per cent EL Capital and 19 per cent BNPI France.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications