UGH gets Approval to buy stake in Bank of Baghdad
2020-01-31 00:00:00 - Source: Iraq News
By John Lee.
Bahrain-listed United Gulf Holding (UGH) has received approval from the Central Bank of Iraq (CBI) to buy a 51.8 percent stake in Bank of Baghdad.
According to The National, the company will acquire the stake from Kuwait-based Burgan Bank.
The stock-market announcement can be found here.
(Sources: UGH, The National)