Bahrain bank acquires Legal & General Gulf
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Muscat: Legal and General Group has decided to sell its 50 per cent stake in Legal General Gulf (LGG), its Bahrain-based joint venture with Ahli United Bank (AUB) specialising in the extension of conventional and Sharia-compliant life insurance services.This move comes in the context of other corporate divestitures undertaken by the LG Group in France, Germany and Egypt to focus its business on identified core markets, said a company release. Following completion of the sale, Ahli United Bank Read more [...]