Mubasher: Dubai-listed Emirates Islamic Bank (EIB) sold 900,000 of its shares in Bahrain-listed Khaleeji Commercial Bank for BHD 60,480 ($16,630) on Wednesday, according to a bourse filing on Thursday.
Emirates Islamic’s stake in Khaleeji Commercial reached 8.419% or 84.186 million shares.
Khaleeji Commercial’s stock rose 4.6% to BHD 0.068 after trading 2.4 million shares, with trading volume reaching BHD 162,000.
