Ayman Rafic Hariri, the brother of the Prime Minister, has reached an agreement to sell his stake in BankMed to Cairo-based Jordanian businessman Alaa Al Khawaja, said Mohammed Hariri, the bank's Chairman. The Central Bank (BDL) has given its preliminary approval for the stake sale, he said.
The bank chairman refused to confirm what has been reported in some press reports that the 42.2 percent stake is valued at $535 million.
"It is still under discussion. The press reports about ...
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