Bahrain – Decypha: AN Investment W.L.L. (ANI) announced its intention to acquire 33.1% of Bahrain Middle East Bank (BMB).
ANI currently owns 42.97% of the ordinary shares in BMB, while Al Fawares Holding Company KSC (c) owns 23.93% of the ordinary shares in BMB
ANI has an issued and paid up capital of BHD 20,000 made up of 400 shares of BHD 50.00 each. The shares of ANI are not publicly listed on any stock exchange.
BMB has an issued and paid-up capital of USD 60,500,831.50 made up of 242,003,326 shares of $0.25 each. It is licensed and regulated by the Central Bank of Bahrain (CBB) as a Conventional Wholesale Bank. Its securities are listed on Bahrain Bourse.
The consideration for the Offer is $0.1322 per share.
