QATAR: Lesha Bank has announced the proposed acquisition by its subsidiary, LB for Educational Services, of a 51% stake in Sharaka Education for QAR192.48 million (US$52.88 million). Sharaka Education operates several schools in Qatar. The transaction remains subject to the fulfillment or waiver of conditions precedent including the receipt of regulatory approvals and consents, with completion expected in the second quarter of 2026.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
