Bahrain’s Ahli United Bank buys 7.3 pct stake in Saudi Bank AlJazira

DUBAI, April 23 (Reuters) – Bahrain’s Ahli United Bank said on Monday it has bought a 7.3 percent stake in Saudi Arabia’s Islamic lender, Bank AlJazira, for $173 million. The investment is not expected to have any material impact on Ahli United Bank’s financial position, Bahrain’s largest bank by assets said in a statement. Source: Bahrain’s Ahli United Bank buys 7.3 pct stake in Saudi Bank AlJazira

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