Bank of Baghdad (BBOB)

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News

16 March 2020 11:42 AM Burgan Bank plans to sell 52% stake in Bank of Baghdad

Mubasher: Burgan Bank said that it plans to transfer the ownership of its 51.8% stake in Bank of Baghdad to the United Gulf Holding Company (UGH), which is a sister company of the Kuwait-based bank. The stake represents nearly 129.48 million …

Companies Investments

28 January 2020 08:51 AM Burgan Bank gets approval for selling stake in Bank of Baghdad

Mubasher: The Central Bank of Iraq (CBI) has approved the sale of Burgan Bank’s 51.8% stake in Bank of Baghdad to United Gulf Holding Company (UGH), a sister company of the Kuwait-based bank and another subsidiary of the Kuwait Projects Holding …

Banking and Finance

5 January 2020 09:15 AM Burgan Bank exits entire stake in Bank of Baghdad

Mubasher: Burgan Bank has sold its full stake in Bank of Baghdad, representing 51.8%, to its sister company, United Gulf Holding company. The deal reinforces Burgan Bank’s strategy to improve returns on risks for the bank’s shareholders, according …

Mergers and Acquisitions

7 May 2016 01:47 PM Burgan Bank profits down 18% in Q1

  Kuwait – Mubasher: Burgan Bank Group on Saturday reported a net profit of KWD 14.3 million ($47.5 million) in the first three months of 2016, down 18.4% year-on-year from KWD 17.53 million ($58.2 million). Net revenue from interest was up 7.4% …

Financial Results

7 September 2015 11:22 AM Bank of Baghdad approves 8% dividends

Mubasher: Bank of Baghdad gave the go-ahead to distribute dividends representing 8% of the capital for 2014, according to a bourse filing. During their ordinary general meeting, shareholders also elected seven new members to be part of the board. …

Cash Dividends

10 November 2014 03:28 PM ISX loses 0.33% at close on Monday

The Iraq Stock Exchange (ISX) closed on Monday at 99.51 points, losing 0.33% or 0.33 points.Trading volume reached approximately 10.9 billion shares, at a turnover of around IQD 7.5 billion, traded through 285 …

Market News

9 November 2014 10:45 AM Bank of Baghdad appoints new managing director

Iraq’s Bank of Baghdad (BOB) has announced the appointment of Mr. Faisal Al- Haimus as BOB Managing Director.“We are pleased to announce Mr. Al- Haimus’s confirmation as the Managing Director,” BOB Chairman Mr. Usam Al …

Banking and Finance

26 October 2014 03:45 PM ISX starts week rising 0.1%

The Iraq Stock Exchange (ISX) closed on Sunday at 89.75 points, edging up 0.1% or 0.09 points.Al Mansour Bank for Investment came on top with a traded volume reaching 500.9 million shares that changed hands at IQD 399.24 …

Trading Activities

10 August 2014 00:57 PM Bank of Baghdad shares to be traded on August 12

Bank of Baghdad shares will be set for trading starting from Tuesday, August 12.Indicative price of the company will be at IQD 1.340, with 10% up and down. The company decided a cash dividend by 11%.

Banking and Finance

10 August 2014 11:53 AM Bank of Baghdad approves 2013 final accounts

In its ordinary general meeting, Bank of Baghdad approved final accounts of FY ended December 31 2013. The bank approved also cash dividend and electing a new board.During last trading, shares of the bank stood at IQD …

Banking and Finance