December 20, 2017 / 9:44 AM / 10 months ago

BRIEF-Ahli United Bank Gets Shareholders Nod to Incorporate New Unit

Dec 20 (Reuters) - AHLI UNITED BANK BSC:

* SHAREHOLDERS APPROVE INCORPORATION OF WHOLLY OWNED CLOSED JOINT STOCK COMPANY AHLI UNITED BANK (BAHRAIN)‍​

* SHAREHOLDERS APPROVE CAPITALISATION OF NEW UNIT BY TRANSFERRING BANK’S EXISTING ASSETS AND LIABILITIES TO NEW UNIT

* SHAREHOLDERS APPROVE CONVERSION OF BANK'S EXISTING RETAIL BANKING LICENSE TO CONVENTIONAL WHOLESALE BANKING LICENSE Source: (bit.ly/2BDnUKc) Further company coverage:

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