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AN Investment acquires stake in BMB Investment Bank

AN Investment acquires stake in BMB Investment Bank
Photo Credit: Arabianeye-Reuters
BMB
BMB
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Mubasher: BMB Investment Bank said that AN Investment has purchased 61.09 million shares of the bank’s equity.

This stake represents 25.24% of the issued ordinary and paid-up shares, according to a bourse statement issue on Monday.

AN Investment has transferred and kept the consideration at $0.1322 per share ready for settlement for the number of shares surrendered in an escrow account with Securities & Investments Company Bahrain.