Mubasher: Qatar's Commercial Bank has agreed to extend the exclusive deadline given to Tabarak Investment for the third time until 2 April.
The deadline pertains to Tabarak Investment's purchase of a stake in United Arab Bank (UAB) from Qatar's Commercial Bank, according to a bourse filing.
Commercial Bank had announced earlier that it agreed to sell its 40% stake in the Abu Dhabi-listed UAB for QAR 1.3 billion ($354 million) to Tabarak Investment, a subsidiary of Tabarak Commercial Investment One Person Company LLC.
Qatar’s third-largest bank had previously extended the deadline for 30 days until 24 January, before moving it once again to 28 February.
