Sabih Masri, Chairman of Arab Bank Group, and Jordanian, Saudi, and other Arab investors agree with Oger Middle East Holding to buy the latter's 20 percent stake in Arab Bank. The stake was priced at $1.12 billion and the share price at 6.25 Jordanian dinars ($8.75), according to media reports citing Ghassan Aqeel, Deputy Managing Director of Astra Industrial Group.
Required measures are being taken to complete the deal, according to a statement Masri made to the Amman Stock Exchange. <...
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