Mubasher: The Commercial Bank of Qatar (CBQ) on Monday announced extending the exclusivity period for Tabarak Investment to purchase CBQ’s stake in Abu Dhabi-listed United Arab Bank (UAB).
Tabarak Investment is owned by Tabarak Commercial Investment.
Qatar's third-largest lender extended the exclusivity period by 30 days until 24 January 2018, according to a bourse filing.
The stake in question represents 40% of UAB, CBQ said previously but did not disclose the value of the deal.
