Mubasher: The Commercial Bank of Qatar (CBQ) on Sunday announced halting discussions with Tabarak Investment, a wholly-owned subsidiary of Tabarak Commercial Investment, over buying the Qatari lender’s stake in the UAE-based United Arab Bank (UAB).
In September 2017, Qatar's third-largest bank by assets said it would sell its 40% stake in UAB, according to the bank’s statement to the Qatar Stock Exchange (QSE).
By 11:02 am Qatar time, CBQ’s stock fell 4.89% at QAR 35.15.
