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Bank of Sharjah to acquire remaining 20% stake in Emirates Lebanon Bank

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Bank of Sharjah to acquire remaining 20% stake in Emirates Lebanon Bank

Bank of Sharjah PJSC said its board of directors decided to increase the lender's stake in Emirates Lebanon Bank SAL by acquiring the remaining 20% stake it does not already own.

In addition, the board also decided to establish a euro medium-term note funding program, which will give the lender the potential to issue both senior unsecured notes and tier 2 debt or equity.