Article: United Gulf Bank sells stake in two banks to Burgan.

Global Banking News-31 March 2009-United Gulf Bank sells stake in two banks to Burgan(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 31 March 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Bahrain's United Gulf Bank (BSE: UGB) has said that it made a profit of USD47m from the sale of its shares in Algeria Gulf Bank and Bank of Baghdad to Kuwait's Burgan Bank (KSE: BURG).

United Gulf Bank has sold its stake in both lenders for a total of USD150m, it said.

The ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!