Another Saudi giant keen to buy Rupali
Thursday, 6 December 2007
Dallah Albaraka Group, one of the leading conglomerates in Saudi Arabia, has expressed their interest to buy the Rupali Bank, officials said Wednesday.
A team of the Jeddah-based conglomerate that controls 300 companies operating in more than 40 countries will arrive in Dhaka Friday to hold talks with the government, officials with the Board of Investment said, reports bdnews24.com.
The move came after Saudi Prince Bandar Bin Mohammad Bin Abdulrahman Al-Saud's bid to buy Rupali ran into snags.
"The company is interested to purchase the bank if it is not taken over by Prince Bandar," Fazlul Haque, the local representative of Dallah Albaraka, said.
Haque said the group was also interested to buy troubled the Oriental Bank and the Agrani Bank.
The Privatisation Commission is set to take a decision on Prince Bandar's proposal to buy 93.26 per cent stakes in Rupali for $448 million.
A team of the Jeddah-based conglomerate that controls 300 companies operating in more than 40 countries will arrive in Dhaka Friday to hold talks with the government, officials with the Board of Investment said, reports bdnews24.com.
The move came after Saudi Prince Bandar Bin Mohammad Bin Abdulrahman Al-Saud's bid to buy Rupali ran into snags.
"The company is interested to purchase the bank if it is not taken over by Prince Bandar," Fazlul Haque, the local representative of Dallah Albaraka, said.
Haque said the group was also interested to buy troubled the Oriental Bank and the Agrani Bank.
The Privatisation Commission is set to take a decision on Prince Bandar's proposal to buy 93.26 per cent stakes in Rupali for $448 million.