Latest in Tag: Arab Bank Highlight

Advertising Area

Latest in Tag: Arab Bank

Hariri family sells its share in Arab Bank to group of investors

Oger Middle East Holding Company, owned by the Hariri family, sold its share in the Arab Bank on Wednesday. The company’s share, which amounted to about 20% of the bank’s shares, was sold to a group of Jordanian and Arab investors, including Sabih El-Masry, the current chairperson of the board of directors of the bank, …

Hossam Mounir

Lawsuits against Arab Bank rejected before US courts

The second US Circuit Court of Appeals in New York rejected claims filed by foreign (non-American) plaintiffs against the Arab Bank. About 6,000 plaintiffs had filed lawsuits against the Arab Bank, calling for compensation for damages under the Alien Tort Statute, in which a New York District Court rendered a first-degree ruling on 23 August …

Hossam Mounir

End of Section