Abu Dhabi – Mubasher: InvestBank on Wednesday affirmed that it acquired 405 million stocks in Amanat Holdings on behalf of TC Blitz.
The bank reported in a separate statement to the Abu Dhabi Stock Exchange (ADX) that InvestBank currently owns around 16.4% of Amanat’s stake.
On Tuesday, the Dubai Financial Market (DFM) unveiled two transactions executed on Amanat, with a total volume of 340 million shares at a total value of AED 414.45 million. Following the two deals, the list of Amanat’s largest shareholders included InvestBank with a stake of 13.6%.
Astro AD Cayman no longer owns an equity in Amanat, after Qatar First Bank announced on Tuesday that Astro AD Cayman sold its entire stake of 5% in Amanat or 125 million shares valued at AED 150 million, according to a bourse filling.
