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New Details Regarding the Sale of the French Partner’s Share in Sahara Bank to Local Companies

A private source expressed surprise in a statement to Sada Economic over the rejection of the sale of the French partner’s share in Sahara Bank to two local companies, despite their right to a 19% contribution.

The source also rejected labeling the transaction as theft, emphasizing that it is a sale and purchase agreement between the French partner and the two companies, contrary to what is being circulated on various platforms.

The source clarified that this matter dates back to 2011, following the freezing of the French company’s activities. The partner subsequently offered its share for sale on the stock exchange, and it was purchased by the two companies. They confirmed that no legal case has been filed in this regard, further proving there are no irregularities in the transaction except for obstructions by certain parties.

The source also noted that all relevant authorities were informed about the sale process last July, and no objections were raised regarding the sale.

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