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FINANCIAL NEWS
Greece approves Abu Dhabi offer for USD1.2b property deal
09 Nov 2014
(MENAFN) Greek announced it has approved an offer of USD1.2 billion by Lamda Development, a company backed by Abu Dhabi-based and Chinese firms, to acquire a prime seaside property at the abandoned Athens airport of Hellenikon, Arabian Business reported
The sale of the property, currently owned by privatization agency HRADF, is expected to become the biggest privatization deal made in Greece since the country began dealing with its debt problems.
Despite getting the Greek’s government approval, the sale could take up to two years for it to be completed until a series of approvals could be obtained.
Since beginning the privatization process in 2011, Athens has signed privatization deals worth USD6.2 billion and aims to reach USD11.95 billion in accumulated proceeds by the end of 2016.
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BBK discloses its financial results for the first quarter ended 31st March 2025
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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