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Kuwait's NBK Still Eyes Saudi ABN Amro stake - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – National Bank of Kuwait (NBK) said it is still interested in buying ABN Amro’s stake in Saudi Hollandi Bank as the Gulf’s third-largest lender looks to the enter the kingdom.

“We would be interested to buy ABN Amro’s shares,” George Nasra, chief executive of NBK’s investment banking unit said at the Reuters Middle East Investment Summit in Dubai on Sunday.

A bid to buy the Dutch bank’s 40 percent stake in the Saudi lender is “still with them,” Nasra said, declining to give further details.

Barclays Plc said earlier this month it was in exclusive talks with ABN Amro to buy the Amsterdam, Netherlands-based lender.

NBK Chief Executive Ibrahim Dabdoub said in November ABN had invited the Gulf’s third-largest lender by market value to bid for the stake, saying Standard Chartered Plc had also put in an offer.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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